Albeit the ups and downs of the medical field, doctors are still considered hot property by many companies. Companies that manage physicians are on the constant look out for primary care specialists which include internists, pediatricians and generalists. 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.
With the nation's supply of these doctors, already short by thousands of physicians, changes in the nation's health care system will accelerate demand for them. This is because of the growth of managed care systems which use primary care doctors as gatekeepers to cut the cost of health care by reducing the number of tests, drugs and visits to specialists that patients get. Managed care companies are trusted by federal and state governments as well as the private sector to cut down on health care costs.
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. Start up capital requires aid of medical insurance firms, individual health professionals and capitalists that engage in high risk business ventures. Generally, medical stocks have been depreciating but surprisingly, publicly traded care management firms are on a continuous climb.
There are many advantages in joining these care management groups for doctors. A hundred thousand dollars or more are the numbers that initiate the auspicious doctors. They will then receive a long term contract that could go up to 30 years and guarantee at least $ 100,000 annual income as well as protection from financial setbacks that come with the ever-changing face of medical reform. Physicians of care management companies receive salaries as estimable as those without management firms.
These companies also make sure that they cover the most arduous tasks like billing, human resource management, writing checks, leasing space and copy equipment and most importantly obtaining insurance for malpractice cases. Engaging physicians to work closer to eight hours per day instead of being on call at an uncertain number of hour is something that these firms also undertake. In the corporate oversight that grows from an interest of magnifying the bottom line, patients might get short changed and this is something many fear.
The doctors are encouraged to practice their craft under the careful supervision of their superiors that watch over their work ensuring that adequate quality of service persists as costs are minimized. Many physicians find it quite hard to bear with the thought of working with a boss that will ensure they don't exceed the budget allocation. But it has been stated by analysts that time is the best judge if care management firms can adhere to their promises that doctors won't have patients in assembly lines making them skimp on service and that the level of financial reward or shortage will not compromise health care quality.
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Orignal From: The Rise of Managed Care Spurs Hunt for Doctors
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