- Joined
- Jul 27, 2013
- Messages
- 38,498
- Reaction score
- 75,461
You don't understand efficiency. If one patient from a midlevel gets readmitted back to the hospital and ends up on a vent under an ACO payment model, the average cost for their stay is $34,257 dollars. None of which will be paid for. If a hospitalist keeps just 6 patients from being landed in the ICU over the course of an entire year, they've paid for their whole salary. And that's excluding minor re-admits, which average $10,000 each. A midlevel only needs to screw up a couple times for their entire cost:benefit ratio to be completely blown to pieces, and that's excluding lawsuits.In a bundled care model where an ACO gets X dollars per year per patient, do you think it's less or more risky for a specialty that is interchangeable with a nursing group? Think about that.
I don't think hospitalists will disappear, but it will evolve to include more supervision. You will have decreased job security, job opportunities, and lower salaries. That's the consequence of not being able to differentiate yourself from NP's. Anesthesia recognizes this and is trying to transform into periop specialists. They know the future is not on stool sitting.
As to who will get paid more by a bundled payment model, well, once everything's under the hospital's umbrella, they own you. Your services become a commodity. In a lot of markets, all of the decent hospitals are owned by large hospital networks, so they've got a lot of clout over the going rate in a given market, which will leave procedure-based specialists bargaining with hospitals over what they're worth, cutting each other down to the lowest bidder or leaving the market entirely. That'll probably drive wages through the floor in desirable markets, but we'll see.