Doctors’ Shortage: Why Doctors Are the Main Problem

One of our readers left an interesting comment regarding the medical profession and its desire to seek profits for its members. I quote from his comment:

The nature of the AMA, a protected and virtually untouchable union, certainly believes in maximizing its members’ profits. It clearly restricts the supply (as all unions do) in . . . → Read More: Doctors’ Shortage: Why Doctors Are the Main Problem

Healthcare in the Information Era: Patients Are Taking Control

I was reading an interesting article the other day that used the term “cyberchondriac.” I couldn’t stop laughing at the apt description of a patient who used the internet to gather information about their health concerns. Cyberchondriacs have been described in the popular media as ranging from those with neurotic excess to hypochondria. In . . . → Read More: Healthcare in the Information Era: Patients Are Taking Control

Health Insurance Companies Take Advantage of Doctors

In response to my last post regarding health insurance companies, I received a comment from a physician who noted that health insurance companies try to make it difficult for doctors to collect payments. I could not agree more. It is the classic example of a big business trying to take advantage of the little . . . → Read More: Health Insurance Companies Take Advantage of Doctors

Health Insurance: The Greatest Flaw in Our Healthcare System

I know this is going to be a controversial post, but I wanted to illustrate how silly our health insurance system has gotten.

Back in the old days, people did not have health insurance. Most hospitals were run on donations, and medical visits to the doctor were not so prohibitively expensive that you couldn’t . . . → Read More: Health Insurance: The Greatest Flaw in Our Healthcare System

Just Out of Med School? Watch Out for Those Placement Agents

Most of you are familiar with the headhunters of the financial world. Bankers and finance people are notorious for migrating from one firm to another. Typically, it is the headhunters that cold call and go after the best and brightest of any firm. It is a lucrative business based on the concept of a . . . → Read More: Just Out of Med School? Watch Out for Those Placement Agents

Locum Tenens: Doctors as “Hired Guns”

While I have posted previously on how various business models in the practice of medicine, there is one business that is actually quite profitable for a physician who does not want the cost or hassle of running a private solo, group, or managed healthcare type of medical practice. That is the job of being . . . → Read More: Locum Tenens: Doctors as “Hired Guns”

When an Insurance Company Holds the Patient Hostage

I’ve mentioned several times before that doctors are not good businesspeople and that the current state of the health reimbursement system is a mess. One reason it is so messy is that it is all about business and not about care. In this country, the basic teaching of medicine is that “continuous care” is . . . → Read More: When an Insurance Company Holds the Patient Hostage

Good Samaritan Laws: When Does a Doctor’s Day End and a New One Begin?

Recently I was aboard an international flight when they asked if a doctor or healthcare professional was on board. It was in the middle of a 12-hour flight, and the cabin was dim, and nearly everyone was asleep. I happened to hear the overhead call that a healthcare professional was needed and, per . . . → Read More: Good Samaritan Laws: When Does a Doctor’s Day End and a New One Begin?

Real Estate: The Most Valuable Piece of a Doctor’s Practice

In any small business, including running a physician’s office, the most valuable piece of your business is the real estate. Most people have heard the McDonald’s story of founder Ray Kroc, who believed that the most valuable aspect of McDonald’s was the real estate underneath each restaurant. For small business owners including physicians, getting . . . → Read More: Real Estate: The Most Valuable Piece of a Doctor’s Practice

Should Physicians Advertise for Their Services?

We’ve been talking a lot here about physicians and the business of running a medical practice. Lately, I have been seeing a growing number of physicians advertise on television. This makes me wonder – Should physicians advertise for their services?

In some circles many feel that it is unethical for physicians to advertise. It . . . → Read More: Should Physicians Advertise for Their Services?