Learn the New “business” of Medicine - Start a Niche Medical Practice

Niche markets in both the medical house call anddeductible, and opt to pay cash for regular
cash only are increasingly moving forward to thephysician office visits.
large, untapped population of patients who areWithin a cash only medical practice setting there
more than willing to pay out of pocket for theseare several “niche markets” that are
services. In addition to the benefit of having atargeting patients willing to pay of pocket. These
physician travel to the patients’ homes withniche markets include general medical practice
medical house call practices, the patients are also(and all other non-invasive surgical specialties);
enjoying paying significantly less for routine visitsmedical house calls, pain management; opiate
to the doctor and basic tests by visiting cash onlydetoxification; plastic and cosmetic surgery
medical practices.(including Botox®, breast augmentation,
Although physicians who contract with managedliposuction, face lifts, Restylane therapy); hair
care and HMO health plans can generate a hightransplants, erectile dysfunction; laser eye surgery
number of patients for his or her medical practice,and more.
high overhead and low reimbursement rates oftenWhile most (up to 95%) cash only medical
negate the increased number of patients. Becauseservices are either elective services or acute
of this, several family and other type physicianssimple to low complexity, and even sometimes
have had to increase their number of hoursmedium complexity medical conditions that are
worked in order see more patients in a day, justbeing treated, there is a new trend of cash only
to maintain their income. Other physicians haveor uninsured surgical clinics that are cropping up
taken a smarter route – by opting to reinventacross the nation. Some of these centers have
an old practice model – the cash only medicalnames such as Low Cost or Discount Surgery,
practice.Affordable Surgeries, and Medical Discounts.
More and more, cash is becoming the secret toThe medical house call or cash only medical
the formula for driving down healthcare costs andpractice will only continue to grow into one of the
improving access to physicians for a growingmost profitable, pleasing ways to do business for
segment of the population. Eighty to ninetya physician. This model not only benefits the
percent of those who make visits to a cash onlyphysician, but the growing number of patients
medical practice will not be covered by healthwho are lacking health insurance and/or proper
insurance. Those who do have health insurance willmedical care.
likely just have catastrophic coverage with a high