We know this when independents sell to systems. Costs only go up. Burnout rises Medical errors increase Excerpt The number of physicians employed by hospitals and health systems grew by nearly 50% from 2012 to 2015, with a corresponding decline in the number of independently practicing physicians, https://www.modernhealthcare.com/article/20180220/NEWS/180229989
PCPs have a moral imperative to be happy. Lives depend on it including their own universe. If that’s true you can make the jump that burnout is directly linked to earnings. After all the worst compensated docs correlate directly with higher burnout rates. Because comp is 100% determined by a lousy model, every primary care … Read moreAncillaries are simply the obvious answer for that which ails primary care
Simple. Complex. A bad model is simple to fix. Primary care ( ex DPC) almost couldn’t be a worse model. Why? It’s costly to start and operate. Recurring revenues- minimal Requires lots of staff And overhead Is loaded w regulations, mandates etc. Cannot be run from a beach Serves a limited geography. Does not provide … Read morePrimary Care in 2019 – A Tough Model to Fix
Dear Burned out PCP, As a primary care physician, you undoubtedly know what a huge problem burnout has become in our industry. In fact, there’s better than even odds you’re one of the 54% of physicians currently suffering. This information will be your lifeline. I don’t need to tell you why burnout happens. You’re on … Read moreDear burned-out PCP’s: here’s why burnout solutions don’t work (and what does)
I’ve seen the economics and risk factors of these below. We are in the allergy testing because this has the lowest 360 degree risk profile for nice revenues and no capex upfront. Family Practitioners and Internists will see value from these. In order of value; Hormonal screens and treatment Sleep labs Allergy skin testing / … Read moreWhat 20 ancillary income services make sense?
Ten Risks adding ancillary services to a practice. Licensure risk- is billing under your NPI? Scope of practice risk is a state board disallowing a pcp to say, perform oncology services. Insurers denying claims, same reasoning. Billing risk-when payor relationships are disrupted or Chargeback risk-you are suddenly fighting recoupment. Clinical risk involves understanding any potential … Read more10 Risks of adding Ancillary Services to your Practice