Yes, we run very lean. We have been hypofractionating everything for years before ASTRO guidelines came out. There is less pressure to churn when you own the machines and can access technical fees. We will hire more RO MDs in future but this is due to geographic expansion.
And thus begins our end game. It will be very complex as it will pit private practice vs universities, Insurance companies against hospitals, Med Onc’s, surgeons, and Rad Oncs against each other by specialties and groups. The Bundled payment will get extremely complicated as he who controls the payment wins.... period.
Oncology is far and away the most complicated field in medicine to bundle.... bar none as it also involves pathology, radiology, and all oncology fields including subspecialists ( urology, ENT, GYN, CT surgeons, GI, Neurosurg, and more) but will be tried because of the possible savings involved. I believe insurance companies have the upper hand ( Kaiser, WellPoint, etc) followed by hospitals, and next Med Onc’s. Surgeons and Rad Oncs will be weaker so alliances are important . Few practices are buying new equipment( unless you have a foundation) and hiring is getting cautious.
Why do you think Walmart, Berkshire Hathaway, Amazon, Big Banks( JP Morgan) are all trying to get involved with HealthCare? Trump added a trillion dollars to defense and is looking where he can save money.... Medicare is the obvious target! That is also why McKesson bought US Oncology and Vantage. To ensure it’s own survival of supply chain.
Patrick Soon-Shiong of biotech and pharmacy fame has now bought 6 hospitals in both northern and Southern California . His focus is cancer.....
The big centers: MDA, MSK, Penn, Ohio St, City of Hope, USC and a few others negotiated a sweetheart deal to get paid about 3x more than anyone else
I used to do a lot of permanent seed prostate brachytherapy. It was great with regards to cost , complications and effectiveness. But it died years ago because Medicare stopped paying for seeds and it is little used except in a few places( Seattle....)
The bundled payment if it happens will bring insanity to our field especially if it is manditory. All private practices will be forced to join big groups, hospitals or insurances. Good night to all our autonomy.
The only good thing I see is that oncology is so complex, that bundling will take a few years to actually work, but I don’t believe it will stop the momentum from the government from trying. Just as current Academics don’t care much about the future problems of our young cub rad Onc’s or private practice; they will be more concerned about saving their own necks than they will saving our field. But,meantime we have little hope but to rely on them to give us some voice at the table. To use the Star Wars analogy, we are the rebel fleet as the Death Star approaches . May the rag tag Crew of SDN continue to fight for what is fair and ultimately good for our patients which also our best hope! May the Force be with us all