Posted: 5/8/2024 8:42:14 PM EDT
[#2]
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Private practices really only work for procedural heavy fields with high reimbursement like dermatology. Anesthesia, radiology, and surgical sub-specialties also fall under the same umbrella.
Even highly specialized medical sub-specialties like endocrinology or nephrology can seldom cut it in private practice because the reimbursement for non-procedural fields is so poor.
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@MikefromTX
You are mostly correct.
Hospital corporations lobbied Congress ~ 20 years ago to get an additional 30% “facility fee” when any of their employees (doctors, APRN/nurse practitioner, PA/Physician assistant, etc) sees a patient. This gave hospital corporations the financial leverage to buy out/shut down most private, physician-run practices. We are now at ~ 75% of doctors working for hospital corporations. Doctors have lost most of control of the medical system as a result. Yes, some private practices do still exist, but the writing is on the wall. Most doctors are simply trying to hang in there. Many, if they have a spouse that works and has health insurance are retiring early, 59/60/61, to get out from under the control of hospital corporations. Without the additional “facility fee”, and the financial buffer, it’s very difficult to go out on your own. My sister is a dermatologist and somehow manages to do it but she spends a lot of time after hours managing her practice.
An additional problem is medical reimbursements are higher the more invasive the medical interaction. So primary care, psychiatry, pediatrics, etc don’t get reimbursed as much as surgeons. This leads to fewer people going into primary care. The hospital corporations like to hire APRNs and PAs because they are less expensive and then pressure them, on a fixed salary, to see as many patients as possible. You’re seeing this now even in the ER!
I don’t have time to do a deep dive on this, but I have witnessed the changes since starting my practice in 2001. You are absolutely correct that our medical system is in a death spiral. What comes out on the other end is unknown, but it’s not going to be good.
Private practices really only work for procedural heavy fields with high reimbursement like dermatology. Anesthesia, radiology, and surgical sub-specialties also fall under the same umbrella. Even highly specialized medical sub-specialties like endocrinology or nephrology can seldom cut it in private practice because the reimbursement for non-procedural fields is so poor. @MartinSsempa Yup. My sister is a dermatologist and is private but as a neurologist there is no fucking way I could do it unless I wanted to make less than a fresh nursing school graduate.
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