Even as you’re preparing to wind down your practice and enter retirement, you may not be ready to shift to golfing seven days a week. Many physicians like yourself choose instead to gear down gradually so they can still see patients but at a more leisurely pace. If you’re looking forward to your golden years but don’t want to close down your practice entirely, Specialdocs Consultants may be able to help.
Our consultancy helps retiring doctors like you take advantage of the concierge model of healthcare. This subscription-based framework eliminates many of the headaches and hassles of the traditional insurance-based model, providing you with a way to ease gracefully into retirement on your own terms. You can have the flexibility and freedom you need to transition out of the grind and still make a difference in the lives of your patients.
The Benefits of Concierge Medicine for Retiring Physicians
In the concierge model, patients pay their doctors directly on a recurring basis, rather than relying entirely on insurance. For retiring and retired doctors like yourself, this offers a way to continue with your practice for a smaller group of patients and with less of an administrative burden. Among the many advantages of this framework are:
- More Face-to-Face Time with Patients: Having a consistent stream of revenue means you won’t have to pack your calendar full of appointments to make up for the painfully slow reimbursement process with insurance companies. This results in more time you can spend with each patient on an individual basis, helping you slow down and focus on what matters.
- Stronger Work-Life Balance: With your schedule of appointments cut down, the concierge model gives you more free time to spend doing what you want to do. If you’re ready to slow down but not ready to give up your work completely, concierge medicine gives you the opportunity to strike a better balance between work and leisure.
- Less Administration: Dealing with the red tape and paperwork involved in negotiating insurance claims has probably been one of the least enjoyable aspects of your practice. With concierge medicine, most of that can be done away with, allowing you to scale down your operations and overhead. This makes concierge care one of the best ways for retiring physicians to ease their way into the next phase of their lives.
Transitioning to Concierge Care
At Specialdocs Consultants, we take the time to understand your practice and your unique situation. We work closely with you to develop a plan that will make the transition as smooth and stress-free as possible. With our assistance, you’ll be able to maintain strong relationships with your core patients throughout the transition and ensure your legacy as you prepare for the day when you finally end your career. We strive to make physician retirement as seamless for doctors and their patients as possible.
How We Can Help
Our team of experts can help you make your practice transition as easy as it gets. If you’re interested in using concierge care as a way to move seamlessly into semi-retirement, let Specialdocs Consultants help you realize all the benefits this model can provide. For more information about what we can do to make patient transition, billing and operations, marketing, and other aspects of the transformation easier for you, reach out today to talk about the first step.
Frequently Asked Questions
How can concierge medicine help me ease into retirement without closing my practice?
The concierge model is almost tailor-made for doctors looking at retirement in the near future. Rather than closing your practice abruptly, switching to concierge medicine means you can gear down more gradually because you won’t be forced to accept large numbers of appointments. With the steadier stream of income, a subscription-based payment model affords, you can set your schedule on your terms. This means fewer patients per day and a better way to start preparing for the day when you step into retirement.
Do I need to be fully retired to start working with Specialdocs?
Absolutely not — we help physicians at every stage of their careers make a successful transition to concierge medicine. Whether you’re looking to retire next year or in 50 years, there’s no better time to start experiencing all the benefits of being a concierge practice than right now.
How long does the concierge transition process usually take for retiring doctors?
It’s difficult to say how long the process may take because all practices are unique. It depends a lot on the size and scope of your practice, as well as how your office functions. Rest assured, the team at Specialdocs will work closely with you throughout the process no matter how long it takes, ensuring you, your staff and your patients experience the smoothest transition.
What support does Specialdocs offer for physicians planning semi-retirement?
If you’re not ready to settle into retirement yet, we’re still ready to help. We can work with you to help you make the switch to concierge medicine so you can take advantage of the more-relaxed pace and more face-to-face time with your patients during the transitional period before you choose to hang up your stethoscope for good.
