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I don't agree on the private doctor practice. Source, married a dr Worst, worst case, the ~15k/yr in rent, ins, and software put a dent in profits, but if each
by helpPeople 7y ago
I don't agree on the private doctor practice. Source, married a dr
Worst, worst case, the ~15k/yr in rent, ins, and software put a dent in profits, but if each visit is min 75$, you can figure out how hard it is to break even. Upper revenue is 200k+/yr
- toomuchtodo 7y agoReimbursement compression along with EHR/EMR requirements has seen a lot of practices acquired by large health systems.
- helpPeople 7y agoNot to get too bogged down with details, but this winter she is looking to change EMR systems. The current one is the most expensive/established EMR for her field. Rent is 12,000 dollars of expenses. EMR is almost trivial.
- et2o 7y agoVast majority of private practices are closing or being purchased by larger hospital systems.
- throwaway5752 7y agoSure, same is true for software startups. Trade long hours and slightly above market pay for a lump sum payment and predictable patient load? The increasing complexity of interacting with health insurance providers and diagnostic labs has something to do with it, also. Why wouldn't a lot of them do that?
- Scoundreller 7y agoIn Canada, the governments have been actively discouraging the solo practitioner practices for GPs. Turns out that telling your patients to go to ER or a walk-in clinic every weekend/evening/holiday/illness/leave isn’t the best care. And continuity of care if you retire/fall ill is rarely done well. Multi-practitioner clinics can share an on-call schedule or evening/weekend hours, get bonuses for doing so and save money. Also allows for flexible schedules. Want to work 3 days a week? Sure! Had a child and want to still work the occasional weekend only for a bit? Ok!