A medical center could launch a luxury executive health program charging CEOs $10,000 to $20,000 annually for comprehensive checkups in a VIP setting. Mayo Clinic's similar program generates over $100 million yearly. With 5,000 members across San Francisco, Los Angeles, and New York, this could hit $50 million in annual revenue.
An executive health checkup is basically something that CEOs, high net worth individuals will do where they basically pay somewhere between $5,000 and $10,000 usually to go for a 1 or 2 day visit to a medical center. And you do a battery of tests and just think of it like the Four Seasons meets a doctor's checkup. And so you go and it's kind of this executive VIP treatment and they just put you through a bunch of tests all in one day. First of all, most doctors won't recommend these. Secondly, even if you did, you wouldn't get all your appointments done in a day. It'd take forever. And each one you're kind of waiting in line. You don't have the TSA PreCheck to be able to just go through and do this. Why is this an interesting business idea? So the Mayo Clinic, which is probably the leader in doing this, is estimated to do over $100 million a year on just their executive health checkup service. My idea is that somebody needs to create this for SF, LA, New York. You know, just charge a $10,000 to $20,000 a year membership fee, and it's an annual checkup for you or your spouse. Even if you can get 5,000 members across any of those geos, you're doing $50 million a year recurring revenue.
