RE:Future Trends + Insiders I've looked into how WELL works with doctors. They offer 70/30 revenue split with their physicians according to their job ads.
I asked myself why would a doctor want to give 30% of their income to WELL just to work for them, however it seems their roles get filled fast.
What the benefits I've understood are that doctors get paid by the number of patients seen and they do not get a dime for anything that isn't seeing a patient.
What WELL does is they take the administative and business burden off the doctor so they can just see patients. This actually equates to more money working for WELL than on their own as they can see more patients.
Imagine if you saw 5 hours worth of patients then 5 hours of administrative, accounting, and business work which isn't paid for. WELLs model moves them to working 8 to 10 hours just working on seeing patients.
WELL takes care of their accounting, IT, software, staff, patient booking, billing, reminders, reporting, noting, labs, ect. They do everything else while collecting the 30% of the doctors revenue.
If the doctor is making $385,000/year (current Family Doctor "salary" in BC). That means WELL makes $115,000 for every doctor they hire.