The MGMA came out with a great study demonstrating that Hospital owned practices are losing money. INDEPENDENT Physician Practices are still struggling, but have shown they are having greater success than the hospital owned practices. It also begs the question, if the Hospitals are losing money on the Practice, they must be making it up somewhere else? Ultimately this consolidation only hurts the Patients, the Taxpayers and of course the Private Sector/Employers and Consumers of Commercial Payers will pay more in Premiums. The only entity winning in this consolidation is the Hospital and the investors in those Entities. Am I missing something?
This is also why services, like ours, are in such need. We are in the Healthcare Delivery Business and allow Physicians to practice Medicine. We are that support and partner that focuses on the business side of the practice and we do it transparently and visibly to our clients and build trust through that transparency by delivering results, for the past 22 years. With the right partner, you can stay INDEPENDENT! You can keep overhead low, and even though reimbursements for an INDEPENDENT Practice may be lower than the Hospital owned Practice, if you stay lean and efficient you can actually do very well and keep the doors open to serve your current Patients and the growing future Patient pool that is expected to grow dramatically over the coming years.
