Doctors And Their Managers
Even if medical reform remains uncertain, physicians are still considered the cream of the crop as shown with the way companies gobble them up. Specialists in general, internal medicine and pediatrics are being sought after by large physician management groups. An investment banker states that the reason companies and their investors gobble up these primary care doctors is because they are believed to be the linchpin of medical reform and culture.
With the very meager supply of these primary care specialists, lacking by thousands, the medical reform programs will certainly make them more in demand. Utilizing primary care doctors as proponents in minimizing medical costs like consultation fees, tests and cost of medicines is one of the boons of the growth of companies that specialize in managed care. Cutting down medical expenses by big companies and both the state and local government are entrusted to managed care companies.
The clients of doctor management groups that buy teams of doctors, consist of hospitals and health maintenance organizations that market their services directly to consumers or through the companies they work for. The year 1980 saw the boom of physician management firms and has continued in the last few years. The business requires capital that could come from doctors, high-risk business capitalists as well as medical insurance providers. Steady growth has been the movement of most publicly traded care management companies even if medical stocks has been depreciating.
Joining these care management firms post a wide range of benefits for physicians. A hundred thousand dollars or more are the numbers that initiate the auspicious doctors. They will then receive a long term contract that could go up to 30 years and guarantee at least $ 100,000 annual income as well as protection from financial setbacks that come with the ever-changing face of medical reform. Managed physicians see their salaries as high as those of independent doctors and oftentimes even higher.
Even the most grueling tasks such as payroll, billing, marketing for clients, malpractice insurance, office space and even copier machine leasing are assumed by these care management groups. Making sure doctors work closer to eight hours per day and shift away from the around the clock scheme of work is also one of the duties of the care management firms. A common fear is that corporate supervision might not enable the patients to have the best kind of service in order to make more for the company.
Overlords supervise doctors who have to focus on their duties and ensure that the quality of service remains as costs are minimized. Managers are tasked to make sure that budget limits are not exceeded and many doctors find it difficult to deal with them. Only time is the best judge according to analysts to determine if the companies can stay true to their promises that patients would not stand in lines and make doctors skimp on treatment, and more importantly, that the level of financial gain will not compromise the standard of service.
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