the entire concept defies the very foundation of all business concepts
apparently the Dr has no intention of growing his business .. if increasing paperwork would overwhelm the current staff, you HIRE more people to handle the load, more people handling more paperwork means the Dr has a growing practice and is making more money ... end of story.
like I said, the DR has been in practice for 17 years, and has more than one location ... apparently he has all he needs and is more than willing to take a reduction in his yearly income. I bet a dollar to a dime that wasn't his business model 17 years ago
as much as COF wants you to think the Dr's business decision was due to Obie care .. I don't think so
Originally Posted by CJ7
You need to learn more about business concepts.
You simply add in more overhead like somehow extra money will magically appear to offset it. What if more and more paperwork and regulations are being tacked on, while the amount of reimbursement is being reduced or kept the same?
Because that is what is happening more and more to doctors' practices.
Doctors aren't leaving private practice and joining giant healthcare businesses because they LIKE giving up control over their lives (no muss, no fuss, indeed). They are doing it because they are being squeezed.
The whole medical business is becoming a game of knowing what codes to put into the reimbursement system in order to get paid - whether the code is accurate or not.
I don't know whether or not this doctor's business practice will survive in the long run or if it can be followed by everyone, but this is not the first time I've heard about doctors doing this.
Some doctors have essentially cut out all middlemen and overhead and work strictly on a cash basis.
They rent everything (office space, desks, chairs, equipment, cars), own nothing, and drop malpractice insurance in order to suit-proof themselves. When a malpractice attorney realizes there is no pot of money to draw from, most medical suits are dropped.