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- Nov 15, 2018
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So I was employed at a hospital that brought in a new group called Legacy Physician Partners, I was let go as an employee when this group came in. I signed on to work for LPP while I sought a new job. As a new grad, I no longer trusted the hospital (owned by Prime Healthcare) and its leadership (no options for admitting as observation, directing physicians to make everything full admission no matter what), and ultimately left, but kept in contact with folks working there.
Legacy was a new group, CMG-like and based in Nashville, that was taking on contracts at a few hospitals in my area and in other states. They certainly had some red flags. For one, the CEO was a lawyer, and there were no physicians within the corporate structure (not that it would have made much of a difference). They also initially offered 24 hour shifts at a nearby hospital with around 65 visits per day, which to me showed blatantly how little they knew about emergency medicine.
Anyways, long story short, they just went bankrupt without warning and NONE of the docs got paid for their work in October. NONE. And they will not be paid. The company also did not pay its malpractice premium and the 30 day grace period for finding a new carrier expired leaving all the physicians at multiple hospitals uninsured for a brief period. Fortunately, the tab got picked up very quickly either by the new group or the hospital. The new group has taken over and slashed pay and are cutting staffing.
A lot of lessons here, some of which speak for themselves. Part of this post is to make other physicians aware of this happening, but also as a reminder to save up at least 3 months of income in case your are suddenly without a job or put in a situation where leaving ASAP is the best option. I jumped ship early on, fortunately. But, I really feel bad for my colleagues who were led on by the previous group and ultimately screwed, some of whom who are faced with being out of work for 3 months or so, or signing on with another unknown group for less pay and less coverage.
Legacy was a new group, CMG-like and based in Nashville, that was taking on contracts at a few hospitals in my area and in other states. They certainly had some red flags. For one, the CEO was a lawyer, and there were no physicians within the corporate structure (not that it would have made much of a difference). They also initially offered 24 hour shifts at a nearby hospital with around 65 visits per day, which to me showed blatantly how little they knew about emergency medicine.
Anyways, long story short, they just went bankrupt without warning and NONE of the docs got paid for their work in October. NONE. And they will not be paid. The company also did not pay its malpractice premium and the 30 day grace period for finding a new carrier expired leaving all the physicians at multiple hospitals uninsured for a brief period. Fortunately, the tab got picked up very quickly either by the new group or the hospital. The new group has taken over and slashed pay and are cutting staffing.
A lot of lessons here, some of which speak for themselves. Part of this post is to make other physicians aware of this happening, but also as a reminder to save up at least 3 months of income in case your are suddenly without a job or put in a situation where leaving ASAP is the best option. I jumped ship early on, fortunately. But, I really feel bad for my colleagues who were led on by the previous group and ultimately screwed, some of whom who are faced with being out of work for 3 months or so, or signing on with another unknown group for less pay and less coverage.