Thanks Dr. Phoot, for your earlier reply.
You are correct, I am in private practice. I started as an associate, then a partner with six full-time employees. As the years went on and costs to run a practice continued to climb as reimbursements leveled out then started to go down we reduced our staff to three when we out-sourced our billing. My partner and I split in 2000 but continue to share an office; I also have another one myself. I gave up my surgery practice in 2002 when reimbursements were such that I was getting more for a pair of prescription orthotics than a hammertoe (for those insurances that still paid for DME), and the malpractice "crises" struck in PA where my surgical rates would've gone up 300%, despite a history of no claims. It's kind of ironic because right before that went down I had just gotten on staff at an amb. sx. center and was just certified to use an Ossetron (Google that blast from the past). But in retrospect, for me it's best thing I ever did. I found out since that time over the years that a lot of my classmates have done the same thing.
Now that our reimbursement model has changed I predict I'll be out of practice within the next two years. I won't be able to meet the documentation requirements under MACRA as a sole proprietor. In fact, the way MACRA is written supposedly physician groups under 45 docs will have the same problems. If you want to look at it this way, it seems like the government wants to eliminate private practice. The American Academy of Family Practice has said as much as well. I've been doing EMR since the mid 90's, and still couldn't keep up with the draconian requirements of the current "Meaningful (meaningless) use" and "PQRS", so at this point I'm getting roughly a 5% hit on my reimbursements for non-compliance, but my time isn't worth the 5% dock in pay. This will end in January 2017 when MACRA kicks in. You won't hear about the consequences right away, but during 2017 Medicare will be recording metrics for effectiveness of care vs. cost. By 2018-19 this will be applied and if I'm still around it will be an over 20% decrease in reimbursement for those who can't conform. The prediction is that most practices under 45 docs will be negatively affected. How can a practice be sustained with a decrease of 20%? Of course the private insurances will follow suit; they have to make their shareholders happy, right? (yeah, right).
After that background, now, more importantly to your concerns. Just one correction before I get started. I believe I stated that a lot of the podiatry "referrals" I've gotten in the past have gone by the wayside due to the proliferation of physician extenders. I didn't mean that podiatry "jobs" were taken by extenders/non-podiatrists. There's a difference between the two. If you inferred that, my apologies. As far as your questions of hospital employment concerns, I'm afraid I can't help you. I can tell you that in my geographic area there's no such thing as a podiatric hospitalist. Maybe this exists in other areas and may be worth a phone call. Multi-specialist groups: there is one orthopod group in my area that had a podiatrist, but I just saw her name on the resignation list for my local hospital where I'm on staff. Whether or not that pod is gone/replaced/not replaced I don't know.
But the whole net/net/net of this is your concern of being employed after school/residency. There was also a question brought up about parity. Excellent timing. Here’s my opinion based on 28 years of experience (and you know how that saying goes). We have a LIMITED license and aren’t part of mainstream medicine. The limited aspect of the license cannot be denied; foot and sometimes ankle (maybe leg depending on your state). I do know it’s reflected in our PA license number with a prefix of SC, which stands for Surgical Chiropodist. As far as I know, that designation is the same for newly licensed pods in PA even in 2016. In my state, MDs have MD in front of their number, DOs have DO, PAs have PA; you get my drift.
The second part is not being part of mainstream medicine. And here’s what I mean: If you go to an allopathic med school, either in the states or abroad, it’s part of the LCME (look it up). The osteopathic schools have their counterpart. Here’s the rub- it’s standardized education, and the accrediting body is neutral. PAs and RNs follow the same model. Then there’s podiatry. Our schools aren’t part of this system, they have their own. They fall under the CPME (Council on Podiatric Medical Education- I gave you that one), and it’s not neutral. When you’re out in practice, you’ll be required to maintain CME credits to maintain your state license. In my state it’s 50 every two years. The vast majority of them have to be podiatry CMEs (CPME), and only a small part may be AMA Cat I credits. AMA credits I can get for free; podiatry CMEs I have to pay for. I’ll let you draw your own conclusions. The same goes for residencies. DO/MD are under ACGME (again, look it up). Podiatry, so sorry, no. Go on the ACGME website and type “podiatry” in their search box… so sorry, thanks for playing. I don’t know anything about current podiatry residencies, other than their case numbers are probably being affected by the changes in insurance (in other words, going down), and they don’t seem to be standardized programs. So, given if you go through an allopathic/osteopathic program, no matter where you go your training is essentially the same/along the same guidelines. You’ll fit right in with the system when you pop out. Podiatry? Even if you did, it still doesn’t matter because of that pesky LIMITED license. So as far as parity goes, I would score 0 for podiatry. Where’s the parity if podiatry is not part of the “system”? Then there’s the numbers: 854,000 doctors, over 100,000 PAs (as of 2014), 222,000 nurse practitioners (2014). Then there’s podiatry: 9,500 (2015- US Bureau of Labor Statistics). I think it’s a little more, maybe around 13,000. But really, does that matter in the overall picture? So, there’s all these large numbers in the system, along with the hospitals which are also on the same page, also regulated and accredited. And, then there’s podiatry.
Go to the Indeed.com jobs site and type in “podiatry” under search, and see what your result is. Then type in “orthopedic foot and ankle surgeon”, and see what you get. If I’m an employer, would I hire a podiatrist or a physician extender with full licensure to not only do that ingrown nail but also give a flu shot and do a high school sports physical at the same exam? You can only do the first treatment of this exam because of your LIMITED license…do you see where this is going? It’s all about money, and the one who can do it for the least cost wins. If somehow you get into an orthopedic group it will be as an employee. I don’t think you’d make partner… how would you take call for the group? If someone comes to the ER with a hip fracture, what can you do for it with your LIMITED license… look at it? Treat it and you’re breaking the law, but not the PA or CRNP.
I don’t know what is told to you in school, but as I always have said “there’s school and there’s the real world”. I know my real world was much different than pictured. And when things started sliding down, I took it personally until I took a step back and looked at the big picture. Doing so, I realized there’s mainstream medicine/govt regs/insurances… then there’s podiatry. If you read Horton Hears a Who that’s what we’re up against; welcome to Whoville. We can play on mainstream medicine’s ballfield for a little while, until the lights are shut off and we’re told to go home. Sorry this ran a little long, but I felt it was important that you all have a foundation as to why things are as they are, as least how I see them.
So Dr. Phoot, I know what I would do if I were in your place, knowing what I now know. I would somehow parlay what I had now into the mainstream medicine tract in some capacity. But I’m not telling you what to do, rather I suggest the same thing for you as I did for E.E.- start making some phone calls outside your circle. Don’t take what I’m saying as 100% correct, either. It’s just a snapshot. Ask questions, collect facts. Talk to your fellow classmates. Talk to students from other schools. Talk to the administrators of your school. From there you can make a decision. In fact, every podiatry student should be doing this in their own best interest, as there are too many extrinsic changes being applied to our profession that are out of our control but will profoundly affect it in the very near future. I’m not trying to be Dr. gloom and doom, but these changes outside your aquarium are very real and should be dealt with by all of you proactively in a mature manner. One other resource you can read is a blog: Podpost.us . It’s not moderated, so posts can get a little vitriolic at times but I’ve found some truths there as well.
By the way Dr. bunNfxr, nice post. Very accurate and spot on.
-Greg