An article in the September 5 Los Angeles Times provides a clear picture of the pressures facing private practice physicians today, pointing to growing financial pressures, more government regulation, greater oversight by insurers, rapid developments in medicine and pressure to keep up with technology. The resulting exodus from private practice is noted in a Physician’s Foundation survey showing the number of doctors practicing independently shrunk from more than half in 2000 to just a third in 2013—a statistic that will come as no surprise to Special Docs physicians. Delineating the three most common solutions to the dilemma (large group and hospital-affiliated practices, cash only and concierge medicine) the author accurately pinpoints the primary advantage of concierge medicine…providing patients with a higher level of attention and services. Summing it up succinctly for all in concierge medicine, is Dr. Gregory Yu, who says this model enables him to provide better service to his patients and has made him happier at work—a must for all who want to practice for the long term.
To read the full article, click here: Doctors are shifting their business models