Are the states with restricted practice relatively immune to this?
Do you know if Ryan Haight act applies to inpatient telepsych?Mid level wave seems to be plateauing as @Sushirolls is saying. They are already here. Fortunately, it’s now very apparent that MDs have [much] higher margins. Your mileage varies depending on the facility, payer mix etc
Think the next wave is PE takeover. Psychiatry roll-up is very hot right now. Thankfully, unlike things like EM/rad onc/derm, etc in psych you can easily say f u and set up your own competing shop. This will have some impact but less so than in other fields.
Another new thing is national telepsych chains. Again this was of major concern for a time but it seems that they are different products fundamentally vis-a-vis local brick and mortar, especially in the time of resumption of Ryan Haight etc. if anything inpatient telepsych is growing, very interesting.
There are many alreadyIf worst comes to worst, what would prevent cash only telehealth psychiatry practice?
Don't forget prescribing psychologistI'm in an area next to a ARNP university (factory) and they are saturating the local market. Are there still employed jobs in the area? Yes. But they are less desirable Big Box shop places with high turnover. The Insurance parity in the state also makes it more favorable for ARNPs, too. So they open their private practices and frequent form their own groups. They are also doing TMS heavily here, too. Many patients don't know alphabet soup differences. Its not until they've had a few years with ARNPs that some start realize things aren't right and then seek out the Psychiatrist level offices. My practice is growing, but slowly. It can be doable, and cash can, too. But the belief and assumption of turning on the lights and you will be full is not the case. Do these quick fill locales exist in the country? Yes, they still very much so do. But as the rate/ratio or ARNPs increase, and even a pinch of the burgeoning independent PA movement tosses into the ring, too... oh, and let's not forget the NDs who can do it all holistically! It makes a much more competitive market. Declining insurance rates (or most likely, already declined insurance rates in most locales) will make it difficult for people to start PP insurance without supplementing their income. Which forces the question, how hard do you want to work, and are the freedoms of PP worth the several year grind to break away from the Big Box shops? This calculus might not compute for some in years to come who are in the saturated markets.
One oddly positive bureacratic news of late, is the DEA and end of Covid. They will likely be hunting down telemedicien practices/firms that don't have a physical offices in the states they are practicing in. So assuming these practices close on constrict their service targets, these patients will flood back to their local docs. This regionality allows folks to self select to move to less saturated areas.
Don't forget prescribing psychologist
Eh, I've heard of plenty of psychiatrists being replaced by NPs within some systems. That being said, I agree that job opportunities for psychiatrists are plentiful for anyone who can use Google. Also, with the movement to increase MH awareness and care there won't be a shortage any time soon. I also get e-mails from job postings daily and have started getting e-mails from actual hospital recruiters in other states who found my name. I agree that demand is still high and will likely remain that way for a while.Honestly...if you aren't getting five job offer emails or texts daily, you have done an amazingly good job hiding your contact info. The right answer is in no states are NPs replacing psychiatrists. There are more jobs and patients than either could handle. Salaries remain up.
I know very few psychologists who want to be able to prescribe medications, and most of those actually are in or went to residency and became psychiatrists. Frankly, I wish the movement was for psychologists to be able to fast track to prescribing meds instead of NPs, at least most psychologists perform good evals and give a good differential/formulation.Meh the prescribing psychologist movement is like nothing compared to NPs. There are thousands more psych NPs pumped out every year than there would even be psychologists interested in prescribing medication. Doesn't mean I think it should happen (the concept itself is bizarre...kind of like saying physical therapists should be allowed to prescribe any "orthopedic" related medications) but it's not the same level of threat that NPs are.
Typical replacement by attrition. I’ve seen it at several places. It’s amazing how NPs and MDs suddenly become equivalent after a few months of lost billing.All of the psychiatrist positions we are converting to MD or NP are positions that we have not been able to fill in over a year of active recruitment. I'm sure there's somewhere in the country that had some weird idea to replace currently employed MDs with NPs, but it is in no way common or becoming some sort of trend.
It's not about the Psychologists you know. It's about the diploma mills who are trying to get lots of money for the psyds they are admitting at high rate.Eh, I've heard of plenty of psychiatrists being replaced by NPs within some systems. That being said, I agree that job opportunities for psychiatrists are plentiful for anyone who can use Google. Also, with the movement to increase MH awareness and care there won't be a shortage any time soon. I also get e-mails from job postings daily and have started getting e-mails from actual hospital recruiters in other states who found my name. I agree that demand is still high and will likely remain that way for a while.
I know very few psychologists who want to be able to prescribe medications, and most of those actually are in or went to residency and became psychiatrists. Frankly, I wish the movement was for psychologists to be able to fast track to prescribing meds instead of NPs, at least most psychologists perform good evals and give a good differential/formulation.
But it's still something more. And certain states have them.Meh the prescribing psychologist movement is like nothing compared to NPs. There are thousands more psych NPs pumped out every year than there would even be psychologists interested in prescribing medication. Doesn't mean I think it should happen (the concept itself is bizarre...kind of like saying physical therapists should be allowed to prescribe any "orthopedic" related medications) but it's not the same level of threat that NPs are.
But it's still something more. And certain states have them.
Nps get paid way less as employees.Anecdotal evidence from Massachusetts:
I work on an academic child inpt unit and in trying to get collateral, I've found the distribution of outpatient prescribers seem to be 50% pediatricians, 25% psych NPs, and 25% psych MD/DOs. Surprisingly there doesn't seem to be any correlation between SEC and having access to a psychiatrist... families with significant means (8 figure net worth+) sometimes have midlevel providers that they are itching to replace...
We have been trying to fill our own inpt role for months without any luck. Not even NPs will bite lmao (as I'm sure there's better money in private practice)
As others said, it’s still nothing compared to NP encroachment. And a PsyD is a psychologist…It's not about the Psychologists you know. It's about the diploma mills who are trying to get lots of money for the psyds they are admitting at high rate.
As others said, it’s still nothing compared to NP encroachment. And a PsyD is a psychologist…
Everyone calls it turf wars until it happens to them.5 as of now, though I believe that there are always bills floating around a handful of state legislatures at any given point, so it will slowly grow. Though, most of these essentially require going through an NP/PA program anyway, so it still circles back around to NP/PA training type programs. Comparatively, though, the number going through the RxP route is a drop in the bucket compared to the number of psych NPs graduating. So, while RxP is a territory in your current turf wars, it's currently Liechtenstein.
And how about for np?Much ado about nothing.
Rates for psychiatrists have gone up considerably over the past year.
And how about for np?
Everyone calls it turf wars until it happens to them.
Glad you're not concerned about your colleagues.Nah, psychologists fight their own turf wars. We all think we deliver better care than midlevels, it's just that none of us have the data to back that claim up. At this point in my career, it's all the same to me, it'll be some time before midlevels encroach in my high paying forensic space.
It's different out in outpt private practice.I do not know and it doesn't matter.
The market for psychiatrists is even better than it was pre-pandemic. Jobs are plentiful. Rates have considerably increased even if you account for inflation. I contract with several hospitals, and they all had a pay raise between 10-30%.
There have been lots of doom voices predicting that the sky is going to fall. All bs.
Glad you're not concerned about your colleagues.
My colleagues are capable of taking care of themselves. I don't feel the need to infantalize them. I also support advocacy efforts through my national and state level orgs and regularly speak with my representatives. When it's all said and done, doctoral level professionals in healthcare need to put money where their mouths are and do some meaningful outcome studies.
And failing that use that superior education and supposed clinical acumen to distinguish what they have to offer in a way that makes them a more compelling option than the latest newly-minted LCSW to hang out a shingle down the road. This should be fairly easy if the quality difference is as pronounced as we like to think it is. And yes I think the same applies to MDs v. NPs.
Patients really don't care or know the difference when it comes to MD and midlevelsAnd failing that use that superior education and supposed clinical acumen to distinguish what they have to offer in a way that makes them a more compelling option than the latest newly-minted LCSW to hang out a shingle down the road. This should be fairly easy if the quality difference is as pronounced as we like to think it is. And yes I think the same applies to MDs v. NPs.
Patients really don't care or know the difference when it comes to MD and midlevels
I'm talking about the majority.'Kay. I'll have to remember to tell the patients of mine who came to me because they are unhappy to be seeing Naps.
I'm talking about the majority.
If you have a BAD practice and reputation you'll find work. There's no shortage of work...Exactly, if you have a good product and reputation, you'll find work. I'm booking into the holidays at the end of the year, and frequently have to turn down legal work due to lack of time. Looks like it's time for another increase in my fee schedule rates heading into 2023.
But really, our healthcare system would greatly benefit from a multidisciplinary effort to look at education, clinical practices, and outcomes in a comprehensive and meaningful way.
If you have a BAD practice and reputation you'll find work. There's no shortage of work...
5 as of now, though I believe that there are always bills floating around a handful of state legislatures at any given point, so it will slowly grow. Though, most of these essentially require going through an NP/PA program anyway, so it still circles back around to NP/PA training type programs. Comparatively, though, the number going through the RxP route is a drop in the bucket compared to the number of psych NPs graduating. So, while RxP is a territory in your current turf wars, it's currently Liechtenstein.
Not sure about MGH but unless BWH has changed a lot in the past two years, I think they had hired 1 who was starting as I was leaving and in part because it was hard to get clinical attendings in.MGH/BWH use NPs in psych
Pretty sure BIDMC, BMC, Tufts do as well
If you have a BAD practice and reputation you'll find work. There's no shortage of work...
The VA has very limited need for prescribing psychologists because it already has prescribing clinical pharmacists. There's also very limited interest from psychologists. It certainly won't pay more.
In some cases, it might even be the opposite especially in the cash pay type practices. Meaning that I’m sure some patients will stop seeing a psychiatrist if he or she doesn’t prescribe benzos/amphetaminesIf you have a BAD practice and reputation you'll find work. There's no shortage of work...
The VA has very limited need for prescribing psychologists because it already has prescribing clinical pharmacists. There's also very limited interest from psychologists. It certainly won't pay more.
It's different out in outpt private practice.