Academic retainer medicine: an innovative business model for cross-subsidizing primary care.
Retainer-medicine primary care practices, commonly referred to as "luxury" or "concierge" practices, provide enhanced services to patients beyond those available in traditional practices for a yearly retainer fee. Adoption of retainer practices has been largely absent in academic health centers (AHCs). Reasons for this trend stem primarily from ethical concerns, such as the potential for patient abandonment when physicians downsize from larger, traditional practices to smaller, retainer-medicine practices.In 2004, the Department of Medicine at Tufts Medical Center developed an academic retainer-medicine primary care practice within the Division of General Medicine that not only generates financial support for the division but also incorporates a clinical and business model that is aligned with the mission and ethics of an academic institution.In contrast to private retainer-medicine practices, this unique business model addresses several of the ethical issues associated with traditional retainer practices-it does not restrict net access to care and it neutralizes concerns about patient abandonment. Addressing the growing primary care shortage, the model also presents the opportunity for a retainer practice to cross-subsidize the expansion of general medicine in an academic medical setting. The authors elucidate the benefits, as well as the inherent challenges, of embedding an academic retainer-medicine practice within an AHC.
Lucier
David J
DJ
Tufts University School of Medicine, Boston, MA, USA.
Frisch
Nicholas B
NB
Cohen
Brian J
BJ
Wagner
Michael
M
Salem
Deeb
D
Fairchild
David G
DG
D004992:Ethics, Medical; D008404:Massachusetts; D018803:Models, Economic; D010819:Physician's Role; D011320:Primary Health Care / Q000191:economics* / Q000706:statistics & numerical data; D012577:Schools, Medical / Q000191:economics*