imported>Drichtermdvip: /* Business model */

2025-06-09T22:10:39Z

Business model

New page

{{Short description|Concierge MD network}}
{{use American English|date=May 2015}}
{{use mdy dates|date=May 2015}}
{{infobox company
| name = MDVIP
| logo =
| caption =
| type = [[Privately held company]]
| foundation = {{Start date and age|2000}}
| founder =
| hq_location_city = [[Boca Raton, Florida|Boca Raton]], [[Florida]]
| hq_location_country = United States
| coordinates =
| area_served = 45 states and the [[District of Columbia]]
| key_people =
| industry = Health care
| services = [[Primary care|Primary-care medicine]]
| revenue =
| operating_income =
| net_income =
| assets =
| equity =
| num_employees =
| parent = [[Goldman Sachs Asset Management and Charlesbank Capital Partners]]
| divisions =
| subsid =
| homepage = {{url|mdvip.com}}
}}

'''MDVIP''' is an American company, headquartered in [[Boca Raton, Florida|Boca Raton]], [[Florida]], that operates a network of concierge physicians (see [[concierge medicine]]). The company's [[physician]]s practice [[preventive medicine]] and personalized [[Primary care|primary-care medicine]].

The national network consists of 1,300 physicians serving over 400,000 patients in 45 states and the District of Columbia.<ref>{{cite web|url=https://www.mdvip.com/about-mdvip/philosophy|title=Our Philosophy and History - MDVIP|website=www.mdvip.com}}</ref> Each physician cares for up to 600 patients as opposed to the average 2,500-3,500 patients in a traditional primary-care practice. MDVIP patients receive a [[Physical examination|comprehensive physical examination]] and follow-up wellness plan as well as electronic medical records and a personalized patient portal with focus on diet, exercise, doctor communication and more. The company states that additional patient benefits include [[acute care|acute-care]] visits, same or next-day availability, on-time appointments, 24/7 physician availability, and enhanced coordination of specialty care.<ref>[https://www.mdvip.com/patients/benefits "MDVIP Patient Advantages"].</ref>

==History==
Founded in Boca Raton in 2000. In June 2014, growth-equity investor [[Summit Partners]] acquired the company from [[Procter & Gamble]].<ref>http://www.themiddlemarket.com/news/2/summit-partners-buys-mdvip-from-p-g-249552-1.html .</ref> In November 2017, Leonard Green & Partners acquired majority ownership.<ref>{{cite web | url=https://www.mdvip.com/leonard-green-partners-acquires-majority-ownership-mdvip-summit-partners | title=Leonard Green & Partners Acquires Majority Ownership of MDVIP from Summit Partners | MDVIP }}</ref> In October 2021, Goldman Sachs Asset Management's Private Equity group and Charlesbank Capital Partners completed the acquisition of MDVIP from Leonard Green & Partners and Summit Partners.<ref>{{Cite web|url=https://www.mdvip.com/about-mdvip/press-room/goldman-sachs-asset-management-and-charlesbank-capital-partners-complete-acquisition-mdvip-primary|title = Goldman Sachs Asset Management and Charlesbank Capital Partners Complete Acquisition of MDVIP Primary Care Network | MDVIP}}</ref>

==Business model==
To supplement insurance reimbursements, MDVIP physicians charge patients an annual fee between $2,500 and $5,000 per year.<ref>{{cite web | url=https://www.mdvip.com/patients/benefits | title=MDVIP | Benefits of Our Patient Centered Care Program }}</ref> In addition to this annual fee, patients are responsible for applicable co-pays and co-insurance, and maintain primary-care [[Health insurance|insurance]] coverage including [[Medicare (United States)|Medicare]].<ref>[https://archive.today/20100818014513/http://www.mdvip.com/patient/insurancemedicare.aspx MDVIP Insurance and Medicare].</ref><ref>[http://articles.boston.com/2011-04-17/business/29428534_1_concierge-medicine-mdvip-boutique-practices The Boston Globe]{{dead link|date=November 2024|bot=medic}}{{cbignore|bot=medic}} . [[Boston.com]].</ref>

MDVIP physicians are not directly employed by the company, instead they pay a [[Royalties|royalty]] or [[Franchise fee|franchise]] fee of 1/3rd of the membership fee per patient per year for services such as patient conversion, marketing, branding and other support.<ref>[https://forrestdirectpay.com/page/why-forrest-direct-pay "Forrest Direct Pay"] {{webarchive|url=https://web.archive.org/web/20120402224259/https://forrestdirectpay.com/page/why-forrest-direct-pay |date=April 2, 2012 }}.</ref>

==See also==
{{portal|Companies|Medicine}}
* [[List of Florida companies]]
{{clear}}

==References==
{{Reflist|30em}}

==Further reading==
* [https://web.archive.org/web/20120710165547/http://www.pbs.org/newshour/bb/health/july-dec12/medicine_07-09.html "Concierge Medicine: Greater Access for a Fee"]. ''[[PBS NewsHour]]''. PBS television, July 9, 2012.

==External links==
* {{url|mdvip.com}}, the company's official website

{{Procter & Gamble|state=collapsed}}

{{DEFAULTSORT:Mdvip}}
[[Category:2000 establishments in Florida]]
[[Category:Companies based in Boca Raton, Florida]]
[[Category:Companies established in 2000]]
[[Category:Former Procter & Gamble brands]]
[[Category:Health maintenance organizations]]
[[Category:Privately held companies based in Florida]]
[[Category:Medical and health organizations based in Florida]]

MDVIP - Revision history

imported>Drichtermdvip: /* Business model */