Thu. May 16th, 2024

I just saw this bogus report and it makes me want to barf:

Wilmington, New Castle, Delaware, April 17, 2024 (GLOBE NEWSWIRE) — Allied Market Research has recently published a report, titled, Direct Primary Care Market Size, Share, Competitive Landscape and Trend Analysis Report by Type : Global Opportunity Analysis and Industry Forecast, 2023-2032.”According to the report, the global direct primary care market generated $55.8 billion in 2022, and is anticipated to generate $82.5 billion by 2032, rising at a CAGR of 4.3% from 2023 to 2032. 

The research group has no real idea of what a pure DPC is. All they know are DINOs, though they mistakenly put one normal DPC in their list.

Why do I hate this? Because I believe it gets other PE (private equity) firms drooling and wanting to hijack the concept of DPC even more. Is that a bad thing? I believe so. Remember, they want 10x from their investment and they want it quickly. So, no matter what the DINO looks like when they start it will soon turn into a patient mill run by nondoctors very shortly.

Could there be a place for VC money in DPC? Maybe. If they use their money to help doctors open their practices with low-interest loans then that would take the pressure off of these physicians who choose to go without a salary as they begin. Other than that I don’t think so. If you have a way then I am all ears.

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By Douglas Farrago, MD

Douglas Farrago MD is board certified in the specialty of Family Practice. He is the inventor of a product called the Knee Saver which is currently in the Baseball Hall of Fame. The Knee Saver and its knock-offs are worn by many major league baseball catchers. He is also the inventor of the CryoHelmet used by athletes for head injuries as well as migraine sufferers. From 2001 – 2011, Dr. Farrago was the editor and creator of the Placebo Journal which ran for 10 full years. Described as the Mad Magazine for doctors, he and the Placebo Journal were featured in the Washington Post, US News and World Report, the AP, and the NY Times. Douglas Farrago, MD received his Bachelor of Science from the University of Virginia in 1987, his Masters of Education degree in the area of Exercise Science from the University of Houston in 1990, and his Medical Degree from the University of Texas at Houston in 1994. His residency training occurred way up north at the Eastern Maine Medical Center in Bangor, Maine. In his final year, he was elected Chief Resident by his peers. Dr. Farrago has practiced family medicine for twenty-three years, first in Auburn, Maine and now in Forest, Virginia. He founded Forest Direct Primary Care in 2014, which quickly filled in 18 months. Dr. Farrago still blogs every day on his website Authenticmedicine.com and lectures worldwide about the present crisis in our healthcare system and the effect it has on the doctor-patient relationship. Dr. Farrago’s has written three books on direct primary care: The Official Guide to Starting Your Own Direct Primary Care Practice, The Direct Primary Care Doctor’s Daily Motivational Journal and Slowing the Churn in Direct Primary Care (While Also Keeping Your Sanity) are all best sellers in this genre. He is a leading expert in direct primary care model and lectures medical students, residents, and doctors on how to start their own DPC practice. He retired from clinical medicine in October, 2020.

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