Although problems arise in medical reform, the way companies get the best doctors still prove how these specialists are considered hot commodities. Physician management companies have been purchasing doctors specializing in pediatrics, general medicine and internal medicine all over the state. According to an investment banker, the companies and their board of directors know the value of the primary care doctors and believe them to be the ace of healthcare in this day and age.
As the country suffers from a shortage of primary care practitioners, the new trend in the medical reform arena will certainly speed up the pace in primary care doctor demand. Now, preventive measures are espoused to cut the cost of medical needs such as reducing tests, medicines and appointments to doctors due to the rise of managed care methods that use primary health care specialists as the leaders in this trend. Lessening health care expenses are entrusted to managed care groups by the state and federal governments, as well as many large companies.
Companies that manage physicians purchase physician teams and market them to health maintenance firms and hospitals who then market the health care services to individuals or the organizations they work for. The last few years has kept the rise of doctor management firms steadily as when it first started back in the 1980s. High risk business investors, individual physicians, as well as medical insurance groups partake in the crucial task of obtaining startup capital for physician management. A continuous rise has been seen among publicly traded care management companies amid the depreciation of health care stocks in general.
Physicians know the multitude of advantages they can get from joining these firms. One is a signing bonus that is not less than several hundreds of dollars. Among the stipulations in the contract they will then receive is an annual income of at least $100,000 with a tenure that could sometimes be 30 years, as well as a guarantee that they will be safeguarded from financial setbacks that could arise in the changing trends of the health industry. Physicians under care management receive salaries as commendable as those who do not operate with care managers.
These firms also undergo the headaches of most companies like handling billing, marketing, payroll, check writing, leasing of equipment and space, as well as the needs to obtain malpractice insurance. Ensuring that the physicians work closer to the eight hour a day shift rather than being on call all the time is something that these firms also engage in. Patients might get short changed in order to fatten the bottom line and this business oversight is something a lot of people fear.
Physicians now have to work dedicatedly under the watchful eye of their overlord who makes sure that although excellent quality remains, costs are trimmed. Managers are tasked to make sure that budget limits are not exceeded and many doctors find it difficult to deal with them. But experts agree that only in time can the promises of care management companies can be assessed, that the patients will not pile up at doctors offices causing them to lessen the quality of treatment and that their income will not dictate the kind of service they will provide.