Dr. Jordan Shlain, the founder of Private Medical, describes his medical practice as a “family office for your health.” The company offers a highly personalized, all-in-one service that caters to the ultra-wealthy, similar to family offices for investments. Private Medical manages the entire health portfolio of its clients, providing services such as fitness and dietary tracking, longevity research, surgeries, and medical emergencies. With a team of 135 medical professionals, Private Medical offers 24/7 on-call service and prefers to call patients “members.” The company does not advertise and relies primarily on referrals for new business.
Private Medical charges an annual fee of $40,000 for each adult patient and $25,000 for patients under the age of 18. These fees cover the cost of office visits, tests, and procedures, but not hospitalization. The rise of family office-style medical practices reflects the increasing demand for hyper-personalized, data-driven health care among the growing class of billionaires and millionaires. The market for concierge and personalized medical services for the wealthy is expected to grow significantly in the coming years, with the potential to reach nearly $11 billion a year by 2032.
Shlain believes that the current health-care system has become a “sick care system,” characterized by overloaded doctors, inflated prices, and reactive rather than proactive care. Private Medical aims to be proactive by conducting frequent tests and diagnostics, staying updated on the latest research, and gathering detailed information about each patient’s lifestyle and habits. Shlain emphasizes the importance of individualized care and creating medical kits for patients to use when traveling or working to ensure they have access to necessary treatments and medications.
Access to a network of over 4,000 specialists in various medical and scientific fields is one of the main benefits of Private Medical for its ultra-wealthy clients. The company also has connections to biotech startups and conducts due diligence on new companies regularly to stay informed about cutting-edge research and treatments. For example, one patient suffering from severe depression was successfully treated with a personalized medication based on brain imaging and neural connections mapping. Private Medical’s technology platform, developed with input from Silicon Valley CEOs, helps streamline communication and data management for both doctors and patients.
Private Medical focuses on two key areas for its wealthy clients: longevity and sleep. Shlain emphasizes the importance of maintaining physical and mental faculties as long as possible with minimal interactions with the healthcare system. The company’s goal is to provide high-quality care and help clients live healthier, longer lives. With a background in high-end hospitality and a commitment to delivering top-notch service, Shlain views health care as a personalized experience tailored to each individual’s needs and preferences. With a dedicated team of medical professionals and cutting-edge technology, Private Medical is at the forefront of a new era in personalized and proactive health care for the ultra-wealthy.
