A friend of mine, who recently graduated from FP, is struggling to make ends meet as he establishes his own private practice in Las Vegas. To give an example of how watered down reimbursements are for primary care, he is reimbursed approx 60% of medicare by blue cross for your typical office visit. This translates to roughly $40 for a 30 minute visit (including copay). It's even funnier when follow-up visit reimbursements are smaller than the copay. Add to your costs your medical assistant and/or secretary, rent, 6% fee for your biller, malpractice insurance, and it's no surprise that you have to work like a slave to make a decent living.
One of the reasons why primary care gets screwed is they have little means of negotiating contracts since there are so many primary care providers (to include PAs, NPs).
The advantage to specialty care is simply the fact that specialists, given their fewer numbers, can group together and form greater leverage to negotiate for appropriate reimbursement.
The AMA has little power, else it would have fixed the malpractice issue years ago. Ironically, the interest groups representing hospitals are much more powerful, given that they were able to pass legislation quickly to give "the Match" immunity to monopoly rules. This allows earnings to continue to be depressed for the roughly 100,000 strong resident work force. The political picture for primary care remains bleak - there will be no overnight fix to the problem since nobody outside of primary care seems to care.
I just want to forewarn people going into family medicine that they are entering an arena where they will be expected to often work for free in private practice or to simply be an employee.
An amusing link on physician family doc reimbursements:
http://home.austin.rr.com/austintxmd/Pages/intro.html
A link that discusses the overall picture on the decline of family medicine:
http://www.policyreview.org/apr04/alper.html
One of the reasons why primary care gets screwed is they have little means of negotiating contracts since there are so many primary care providers (to include PAs, NPs).
The advantage to specialty care is simply the fact that specialists, given their fewer numbers, can group together and form greater leverage to negotiate for appropriate reimbursement.
The AMA has little power, else it would have fixed the malpractice issue years ago. Ironically, the interest groups representing hospitals are much more powerful, given that they were able to pass legislation quickly to give "the Match" immunity to monopoly rules. This allows earnings to continue to be depressed for the roughly 100,000 strong resident work force. The political picture for primary care remains bleak - there will be no overnight fix to the problem since nobody outside of primary care seems to care.
I just want to forewarn people going into family medicine that they are entering an arena where they will be expected to often work for free in private practice or to simply be an employee.
An amusing link on physician family doc reimbursements:
http://home.austin.rr.com/austintxmd/Pages/intro.html
A link that discusses the overall picture on the decline of family medicine:
http://www.policyreview.org/apr04/alper.html