CHULA VISTA, Calif.,
Dec. 31, 2012 /PRNewswire/
-- Medex Inc. (OTC Pinksheets: MDXX) is pleased to announce
that it is in negotiations for a partnership agreement with two
medical Doctors and Merging Life in California.
The partnership program to setup concierge medicine and doctors
at home programs will be based in Los
Angeles, CA initially with plans to expand the program
across the US. Currently, the company has access to one of
the largest retirement villages in the State of California in which to commence the
program.
Concierge medicine comes in many different forms, according to
Tom Blue, the Academy's executive
director. About 75% of concierge physicians hold on to their
traditional practice, but take additional fees from a small number
of patients who receive special perks, priority treatment and
services not covered by traditional insurance. On the other end of
the spectrum, doctors forgo relationships with Medicare, Medicaid
and insurance carriers entirely, building their practice
exclusively on patients willing to pay annual retainer fees for
care. Depending upon the services, fees range from as little as
$60 per year up to $30,000 per year. The majority of patients still
carry health insurance to pay for specialized services that their
concierge doctor is unable to provide.
For doctors, concierge medicine isn't necessarily less work, but
more satisfying work that allows them to build a more profitable
practice. Unlike traditional doctors, a concierge physician builds
up an income stream from patient contracts, much like the business
of an insurance agent or retainer-based financial planner. That
makes the practice potentially more profitable when it is finally
sold. "Certainly they are much more in control of their own
destiny," Blue says. "There's actual equity in the practice and the
patients."
For patients, the much-touted benefit of concierge medicine is
that the doctor has more time and can provide them greater access.
Concierge doctors "have 80% to 90% fewer patients, so they can do
other things that other physicians simply can't," Blue adds, such
as house calls, email consultations, and more extensive exams and
preventative tests that insurance won't cover.
Medex CEO, Paul Protzman
commented, "we are very excited about the prospects of this
prospective partnership and negotiations to date aimed at
implementing this program. We are fortunate to be working
with two very credible Physicians in the LA area and Merging
Life. We look forward to reporting on further developments on
this collaboration initiative."
About Medex Inc.
MedEx, Inc. is a publicly traded; California based medical support and services
Company. It distributes quality Medicare – Accredited medical
equipment and supplies to consumers, medical professionals and
insurance carriers. The company's vision is to be a
pre-eminent medical and equipment supply Company by providing
products for people with disabilities, recovering from surgery, in
rehabilitation facilities, nursing homes, assisted living centers
and the elderly. For additional information please visit the
company's website at http://www.21stsynergymedical.com/
Medex Inc.
Investor Relations:
1 800 245 7791 Ext. #3
Email: info@21stsynergymedical.com
Website: www.21stsynergymedical.com
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SOURCE Medex Inc.