I know a couple of formerly independent practitioners who closed their practices and went to work as hospitalists to escape the burden dealing with insurance companies and also to insulate their salaries from accounts payable uncertainties. So why would you be especially concerned already being a hospitalist? Regards.
Meant accounts receivable
My group is the only group at a mid sized suburban hospital. We have to take all patients admitted to the hospital no matter what their insurance or lack thereof. We do not have the luxury of turning down someone because of their insurance. And due to the expense of hospitalization there is no way we could do a cash only or concierge practice.
Medicare and Medicaid are bad enough. They just completely changed the rules on admission vs observation status on oct 1 with only about 2 months notice. My team and I has to learn an entirely new set of tules in a very short period of time guess wron, and they don’t pay.....I can only imagine what Obamacare will look like once it gets going
Another of my doctors, along with his partner, have consolidated their practices with a large medical combine. Same reason.
A third doctor has just plain retired at a youngish middle age....he also told me he's going to go to work for a hospital.
I pay for Medicare, of course, plus Mutual of Omaha, my supplemental insurance, has increased its premiums from $2100 a year to almost $5000 a year in the past 18 months ALONE thanks to ObamaCare. I'm getting deathly afraid to go through my mail and see an envelope with Omaha's company logo on the upper left!
Ah, the liberal Utopia is rapidly enfolding us, but methinks we'll be too tired, poor and ailing to even enjoy it.
Leni