MDVIP is an American company, headquartered in

Boca Raton Boca Raton ( ; ) is a city in Palm Beach County, Florida, United States. The population was 97,422 in the 2020 United States census, 2020 census and it ranked as the 23rd-largest city in Florida in 2022. Many people with a Boca Raton Address, ...

Florida Florida ( ; ) is a U.S. state, state in the Southeastern United States, Southeastern region of the United States. It borders the Gulf of Mexico to the west, Alabama to the northwest, Georgia (U.S. state), Georgia to the north, the Atlantic ...

, that operates a network of concierge physicians (see

concierge medicine Concierge medicine, also known as retainer medicine, is a relationship between a patient and a primary care physician in which the patient pays an annual fee or retainer. In exchange for the retainer, doctors agree to provide enhanced care, includ ...

). The company's

physician A physician, medical practitioner (British English), medical doctor, or simply doctor is a health professional who practices medicine, which is concerned with promoting, maintaining or restoring health through the Medical education, study, Med ...

s practice

preventive medicine Preventive healthcare, or prophylaxis, is the application of healthcare measures to prevent diseases.Hugh R. Leavell and E. Gurney Clark as "the science and art of preventing disease, prolonging life, and promoting physical and mental health a ...

and personalized primary-care medicine. The national network consists of 1,300 physicians serving over 400,000 patients in 45 states and the District of Columbia. 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 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 visits, same or next-day availability, on-time appointments, 24/7 physician availability, and enhanced coordination of specialty care.

History

Founded in Boca Raton in 2000. In June 2014, growth-equity investor

Summit Partners Summit Partners is an American investment firm based in Boston, Massachusetts. The firm focuses on investing in technology, healthcare, life sciences and other growth industries. Background Summit Partners was founded in 1984 by E. Roe Stamps ...

acquired the company from

Procter & Gamble The Procter & Gamble Company (P&G) is an American multinational consumer goods corporation headquartered in Cincinnati, Ohio. It was founded in 1837 by William Procter and James Gamble. It specializes in a wide range of personal health/con ...

. In November 2017, Leonard Green & Partners acquired majority ownership. 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.

Business model

To supplement insurance reimbursements, MDVIP physicians charge patients an annual fee between $2,500 and $5,000 per year. In addition to this annual fee, patients are responsible for applicable co-pays and co-insurance, and maintain primary-care

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect ...

coverage including Medicare. MDVIP physicians are not directly employed by the company, instead they pay a

royalty Royalty may refer to: * the mystique/prestige bestowed upon monarchs ** one or more monarchs, such as kings, queens, emperors, empresses, princes, princesses, etc. *** royal family, the immediate family of a king or queen-regnant, and sometimes h ...

or franchise fee of 1/3rd of the membership fee per patient per year for services such as patient conversion, marketing, branding and other support."Forrest Direct Pay"
.

References

External links

* , the company's official website {{DEFAULTSORT:Mdvip 2000 establishments in Florida Companies based in Boca Raton, Florida Companies established in 2000 Former Procter & Gamble brands Health maintenance organizations Privately held companies based in Florida Medical and health organizations based in Florida

History

Business model

See also

References

Further reading

External links