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they are owned by HCA out of Nashville with a directive to take over all 160 HCA hospitals.
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Not trueThey have 28 pathologist in Florida.
Not that big folks.
they are owned by HCA out of Nashville with a directive to take over all 160 HCA hospitals. Supposedly they pay 250k a year but only offer 4 weeks vacation. They generate roughly 500k-1M a year per hospital by paying the pathologists less than they generate. In other words they do what quest/ameripath have been doing to pathologists for years. Given HCA has 160 hospitals they will eventually earn about 100,000,000 a year of the backs of pathologists. Awesome for them.
Many states don't allow hospitals to directly hire physicians. By starting this independent subsidiary path group, they get around those laws.What is the benefit for HCA to own a separate path group rather than just have each hospital employee two pathologists and cross cover?
What is the benefit for HCA to own a separate path group rather than just have each hospital employee two pathologists and cross cover?
As a business principle, you hire an "employee" expecting him to generate more income than his pay. It is a truism that "independent private practice pathologists" earn far more than "employed pathologists".
The HCA is practicing the "cut out the middle man" principle of business. It has happened with the so called physician office labs or independent office labs. I would predict that in the future this would be considered quite a "norm." I would do the same if I were in their "shoes."
How much of cut? At least 50% or more.
For internal reasons known only to them. However, one could list management efficiency and commercial potential of an independent lab entity.Yeah..I understand why they want to have employed pathologists to make money, but why aren't they just employed by HCA rather than HCA creating a separate company they own to employ them.
They are employed by HCA. It's not a separate companyYeah..I understand why they want to have employed pathologists to make money, but why aren't they just employed by HCA rather than HCA creating a separate company they own to employ them.
Irl has taken tover the HCA hospitals in Colorado. The main casualty is ameripath who was forced out and will lost TC and PC revenue.
Poor babies. Quest really f***ed up Ameripath over the years. Labcorp similarly
f***ed up Dianon. In my experience, the 2 clin path giants just really were not able to maintain the degree of quality the hospital in patient population and med staff and pathologists needed as we were able to under pre-Quest Ameripath and certainly not of the degree we could in our pre- Ameripath private practice structure. They are OK in the test-tube shakin' business for doc's offices, clinics, esoterica, etc. but not
hospital anatomical path with services provided by some giant histo lab
60 miles away run by folks who see no difference between a hospital pathologists job
from the job of one of their marginal players, in house, pushing cervical bx's who hasn't been
in a hospital since residency.
This seems to have happened to LOTS of the medical profession. It's too bad.
You sure had no problem taking Quest's money when it came time to sell.
You sure had no problem taking Quest's money when it came time to sell.
There would be no "game" if there were no "players."Hate the game. Not the players.
Congrats Mike Sheree, better for the docs to walk away with cash than the VCs and PEFs
There would be no "game" if there were no "players."
Yes medicine is a business, but we don't sell f*****g widgets, we sell our ability to diagnose & treat sick people by assuming the risk it entails. Tell me what other area of capitalism provides a similar service with a similar risk...
I'm as much of a Hayek-reading free-market supporter as any red-blooded capitalist out there, and while we can't blame individuals for taking the opportunities presented them, our profession is where it is as a direct result of the people who have led & represented it.
If your attitude is "that's the way the game is played," how are the administrators, CEOs, et al non-clinicians any less "players" in this game and equally justified to play it?
You are damned right! Not only did I take Quest's money when they
bought Ameripath (I had Ameripath stock from our PP sale to Ameripath),
but I took Ameripath's money and PRE-IPO stock when we sold our
PP to the new entity in the 90's. Lots of money, decades, and effort were
expended to build that practice into a behemoth. We saw the handwriting on
the wall and we did what was in our best interest as the owners of
a BUSINESS. We would NEVER have made an associate in our
practice into an equity partner if (s)he did not understand this fundamental
type of BUSINESS decision. Sorry if you don't like capitalism.
Instead of bitching about this and your disgust with pathology as a job which,
apparently damned near killed you with a DVT and PE, you should just retire to your
farm which seem like a nice gig. You always tell people to find something else.
That's exactly what I did. Get off your "nobility" high horse.
Mike ate all the cake he could stuff his face with. So did everyone in his generation. Problem is whether Mike sold out or not, Quest et al would have come in anyway and just underbid his contracts...maybe not right away, depends on Quest's presence in the area.Whoa, back off Warchild, seriously.
Where did I say I hated capitalism? Maybe you shouldn't complain about how Quest runs things after you sell out. Everyone knows how the large labs run their AP operations. Strip it and hope to hang on to some business. You can't have you cake and eat it too.
Follow up for IRL pathology. Hospital corporation of America (HCA) is now advertising IRL-employed physician pathologist medical director positions for all 7 of its hospitals in Colorado. They are advertising and posting these positions all at once.
Check it out on HCA's website. Go to careers, pathology, and then Colorado.
Existing pathology private practices in Colorado will loose their contracts with HCA-owned hospitals. The original reply for this thread states the IRL is "owned by HCA out of Nashville with a directive to take over all 160 HCA hospitals." This is spot on. If any of you have an HCA-hospital contract then expect to lose it.
Pathologists -- a complete and utter commodity.