So you're judging the cost and assigning salary, without any sense of what the average overhead is for a basic medical practice? Okay. Sure, if you want to know, I'll pull it for you. I'm still interested in what your guess would be. I think it would be informative. FYI, it's different for medicine than most small businesses, for various reasons of specific responsibilities, liabilities, and constraints. |
DP. I think PP’s point is that many professions are treated this way. You can take the OP’s post and replace “doctor” with “teacher” and it still works. |
I want doctors to have appointments available within one week, not months away (endocrinologist, dermatologists, neurologists and I'm sure more).
I want more generalists less specialists (don't want to be passed along for every little thing, wait months for that appt, and then be passed along again). Want doctors, not insurance companies, to decide a) their schedule and b) what's best for patients Don't want ANYONE to end up in bankruptcy due to medical treatment |
21:55, I forgot two more:
I do to want to have pay to park for the privilege of seeing you I do not want to wait 30 minutes (or more) in your waiting room and another 30 minutes (or more) in the exam room before I am graced with your presence for less than 10 minutes, and then I have to pay even more for parking, for the time I spent waiting for you |
I'm assuming that overhead is different at every office. Is your office the average? Are your overheads the same as the practice two floors up? How do you even know what a competitor's overheads are? Rents can be different within the same building, let alone between suburbs, cities and states. A practice manager with 20 years experience is getting paid more than a younger one. Same with nurses, doctors, lab staff and cleaners. Some practices employ more support staff than others. Some specialities require more expensive equipment than others. Some doctors like to provide high end facilities while others go for a more spartan environment. |
There's actually research on this, across more than 15,000 practices affiliated with the Medical Group Management Association (among other research). There are some outliers, but there is a clustering around the mean. The average is around 60-70% overhead off the top, and that does not include all expenses. Private equity is of course interested in driving that down. They can get it to 35-40%, or even 33%. Any non-billable time is cut. Interaction times are cut. You charge for everything you can, sort of like the current airline experience model. Bill for seat choice, nickel and dime for bags, all that. |
Are you a doctor's kid? |
I went to a doctor a couple years ago because I was just not feeling right. She took a bunch of blood and did a bunch of tests. It didn't turn up anything. I still don't feel better and don't have any answers but I really appreciated her at least listening to me and trying. That's at least something. Maybe one of these days I'll have a symptom that will actually point to something and we'll figure it out.
My daughter had a well visit today. She's been going to the same doctor since she was a baby. We LOVE her doctor. She always remembers us and she is just nice and has a lovely bedside manner. That's what I want from a doctor. |
Enough with the very gently crap-snarky and condescending. |
In follow-up, typical overhead for a small business in America is 10-30%. Medical practices used to be around 35% on average, but the overhead costs have skyrocketed in the last few decades. There is just more that is both required and expected, and that weight is just continuing to press down harder and faster.
How can a business stay afloat under that sort of overhead pressure? Sell out to private equity and let them drive the cost back down by treating it solely as a revenue source, or go concierge and supplement whatever insurance you take with fees (and this also allows you to select the clientele that are not going to drive that overhead back up with excessive demands that require more infrastructure to address, and that bleed away time). If you make the claim that medicine is just a business and doctors are just employees, then this is what you voted for. That's just the way it is. |
Sure thing. There's no way to phrase it that doesn't evoke anger, probably because it is an uncomfortable criticism. |
Everyone is mad at doctors. We should be mad at insurance companies and health systems. We should be mad at the broken free market system and republicans in general.
EMRs, while good in theory and intention, were a disaster to roll out. I’m curious how much time and money is spent implementing, maintaining and using these systems instead of focusing on the patient - a recurring complaint on this thread. Medicine has become like everything else. Ruined by private equity and other bored, rich AHs who are looking for a new “tech disruption” |
We have the winner - this IS the problem |
+1. My breast cancer surgeon did this. Being able to ask Qs by text opened up important opportunities in my care. |
It would be nearly impossible for an employed primary care doctor to do this work upwards of 3000 patients. Many are going concierge to bring that down to 200-400 and they do give out their numbers. So based on this thread I anticipate more and more concierge doctors. It seems that’s more the care that both doctors and patients want. |