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For-profit Tailor Medical health centre shuts its doors | National Post - 0 views

news.nationalpost.com/...tailor-medical-closes

ontario private clinics medcan

shared by Irene Jansen on 18 May 12 - No Cached

One of the most ambitious for-profit health-care ventures launched in Canada recently has gone out of business, barely a year after reportedly investing $4- to $5-million in an opulent “executive health” clinic in the heart of Toronto’s financial district.
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Tailor Medical
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For a block annual fee, customers to Tailor Medical would receive an initial “head-to-toe” medical that included genetic screening and other diagnostic tests, a plan to address health problems identified by the examination, and regular check-ups every two months.
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Such clinics — which are operating across Canada in various forms — must bill their provincial medicare systems when they provide medically necessary services, but can charge patients out of pocket for extras
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the company’s website, which gives no indication the clinic has closed
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We were growing but, for many reasons, not fast enough.”
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Despite widespread discontent about shortcomings in the public health-care system, she questioned how much demand there is for private, fee-charging services like Tailor.
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Those clinics appeal to the higher end of the financial income bracket, and they’re appealing more to executives in corporations, and there’s a limited market.”
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The MedCan Clinic, one of Tailor Medical’s most established competitors, however, argued the demand remains strong
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“The whole idea of private medicine is in a sense counter-intuitive to people, so it takes a while for people to understand well and truly what it is you’re offering,” said Bronwen Evans, MedCan’s vice-president of marketing. “It would be different in the U.S. because people are used to paying out of their pocket. But here, you still have to get over that hurdle.”
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MedCan has recorded double-digit annual revenue growth for the last number of years, and now employs 55 doctors and about 250 other staff
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