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You hear a lot of talk about how the whole field of medicine is tanking with it likely to be acutely taking the next few years. Plus pathology has its own additional issues which are aired here frequently.
But I'd say so far things have been pretty good and might continue to be good for a few more years. For instance if Obamacare works, we will have a lot more insured people. We make money by billing insurance so more insured means more potential paying patients (approximately 10-15% of our work is on uninsured who, of course, don't pay anything). Secondly, a private practice group of orthos just got hired by the hospital and one of the guys I hang out with. He told me the contract is paying them 500-750 per orthopod depending on how busy they are and it is guaranteed for five years as long as they hit their RVU requirement.
If medicine was going to fall apart and there was going to be this bundling of payments with everyone taking a huge hit, why would the hospital sign them to a 5 year contract?
But I'd say so far things have been pretty good and might continue to be good for a few more years. For instance if Obamacare works, we will have a lot more insured people. We make money by billing insurance so more insured means more potential paying patients (approximately 10-15% of our work is on uninsured who, of course, don't pay anything). Secondly, a private practice group of orthos just got hired by the hospital and one of the guys I hang out with. He told me the contract is paying them 500-750 per orthopod depending on how busy they are and it is guaranteed for five years as long as they hit their RVU requirement.
If medicine was going to fall apart and there was going to be this bundling of payments with everyone taking a huge hit, why would the hospital sign them to a 5 year contract?
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