I think the ever glaring problem that no one wants to address is that you will never be your own master. This isn't taught to residents and I see many are misguided.
The security of academic pathologists from real world lab struggles are not appreciated by many who teach residents (just read the posts on this site and others if you don't believe me). I was fortunate that I knew many private pathologists before I was turned loose, but it still didn't prepare me for seeing the elephant.
Here's why most I see are burned and I see it in myself:
1) Drippings from the breasts of mother insurance (CMS included), ever diminishing, will evaporate and kill many smaller private pathology groups. Its a continuous struggle to get paid. In my own group I am tempted to say screw it and sell out to some bigger lab and be a worker bee without having to worry about billing / contracts /etc. Its often I feel terminal in pathology, like a hopeful cancer patient clinging on, but we all know how the story ends. Hope dies. I wonder how long I can cling.
a) Pathology is a poorly represented field, our advocates (CAP/ASCP/Fill in the blank) don't care about Joe Schmo pathologist's plight and we are too small of a field to have an effective voice against the clinicians who dominate medicine. On a related note to number 2 below, I was on a CAP committee in the later half of 2000 decade and saw first hand how many committee members were employees or had shares in the big labs (Quest etc), I didn't appreciate it at the time how the CAP and likely other groups I don't have carnal knowledge of are puppets. Result: Loss of faith in our professional management.
b) State societies don't care and won't help you against big insurance. I complained/protested when big insurance in our state cut by 1/3 for reimbursement and appealed to help from the state society (wow was I blind). The state society received a notice from big insurance saying if they helped us they would be sued for violating the Sherman anti-trust act or some garbage like that. Given I had no further use for the state society after that I left, I doubt my couple hundred dollars a year mattered, but whatever. Local societies? Good luck with that unless there is some magic guild where you live where you practice. Result: Loss of faith in local/state societies.
c) Advocating Congress etc.? Forget it. More powerful physicians than myself spent about a week or two attempting to meet with Congress people from my state and finally one of the plastic surgeons called me and said screw it, he's not wasting his time anymore because its too much valuable time and they kept getting put off or just meeting aides. No hope there unless you bring mega lobby dollars. Big labs already have this covered, no need to fret about this. Result: Loss of faith in big government changing the playing field. For years we have hoped client billing would die in our area, but see below (2).
2) Inability to compete and stick it to bigger labs (LabCorp / Quest) will come in and steal all your profitable clients. Even your/mine best friend clinicians will go to one of these for a profit, client billing will be on the grave of many pathology groups. I'll add this: despite being illegal/frowned on in many states for anatomic pathology it all carries on in some form or another. OIG doesn't care because it doesn't happen to Medicare/Medicaid so don't have to worry about the feds. Spend 10 minutes trying to get a hold of your local insurance company and they don't care who is raking it in as long as no one rocks the money boat. Result: Loss of faith in our colleagues.
3) Little care of anyone in pathology's plight from the suits, no matter how talented you are you are replaceable, no one cares if you get paid or not as an independent pathologist. Admin sees one thing, dollar signs $$$, no matter how good you are, how great you nail every diagnosis and the little magical things you do to improve patient care regardless, unless you are way in the black you are expendable. Remember Rambo II? "You no expendable Rambo!" Well, yes you are. I really don't have advice except burrow yourself in and try to make removing you as painful as yanking a tick off of your genitals.
Collections: My advice: watch your billing company like a hawk, its tedious and stressful, but if ye are to make it in private practice its the one pearl I can give you.
4) The patient contact I do have is ungrateful and usually to complain about small fries bills. I discount/write off many, I'm sure the surgery centers and endoscopy suites and hospitals don't share my bleeding heart, but that's why I guess I'll have less time in purgatory. The rare compliments I do hear from staff or patients does mean a lot, but the dump trucks full of crap I have to shovel to get these rare gems doesn't fill the gaps in my morale. I feel all of medicine is this way, everyone just trying to get to that magic retirement number. I see stress in all the specialties and struggles related to this morale loss.
5) Cannibalism. I mentioned it above in number 2. It occurs from outside and within. I've seen fantastic pathologists, moral and hardworking, turned on by members of their own group and the end result is forced out and/or throwing in the towel. Power over us comes from situations like this because if we fight among ourselves we can't fight the external problems that threaten us.
Advice: If you are a younger resident go into a volume producing field in pathology (GI or Derm). You will be a worker bee, you will be taken full advantage of for your talents, but you will have slight more job security. You can flush molecular down the toilet unless you have a patent cooking, the Ph.D's will smoke you and take far less pay than MDs.
I would also advocate that you invest your money well and live far below your means so when the time comes you may retire comfortably. If possible locate a second income source.
I'd network with pathology people so you can keep tabs on happenings. I've found this useful in my career.
Hope this diatribe helps, with regard to the OP above. I wish it was as simple as call and stacks of cases. 🙂
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