Managed Care

 

Physicians who want to work for hospitals

MANAGED CARE December 2011. © MediMedia USA
Compensation Monitor

Physicians who want to work for hospitals

MANAGED CARE December 2011. ©MediMedia USA

Clinical executives who oversee physicians often wrestle with what hospital-physician consolidation brings to the table. Insurers have responded to this consolidation by trying to manage care more effectively, through such techniques as bundled payments. (See our July cover story, “What Can Be Done to Counteract Growing Power of Providers?”) Which physicians are most interested in becoming hospital employees? Pricewaterhouse-Coopers asks that in a report, “Four Key Findings From Health Reform.”

“[Cardiologists] want hospital paychecks,” the report says. “Two thirds of [cardiologists] surveyed said they’re interested in being employed by hospitals. The cardiology specialty — which is among the most lucrative of all physician specialties — has experienced deep cuts in Medicare payments.”

Cardiologists aren’t the only physicians looking for greener pastures, as psychiatrists, surgeons, and pediatricians give thought to becoming hospital employees. “Overall, 56 percent of physicians surveyed … want to more closely align with a hospital in order to increase their income. Another 40 percent want to align to ensure a more consistent income stream.”

The data were collected through 28 interviews with influential people and executives representing health care providers, payers, and professional associations.

PwC also conducted an online survey of more than 1,000 physicians “balanced by age, gender, practice type, and specialty.”

Who wants to work for a hospital?

Source: PricewaterhouseCoopers.

Meetings

Private Health Insurance Exchanges Conference Washington, D.C. October 7–8, 2014
National Healthcare Facility Management Summit Palm Beach, FL October 16–17, 2014
National Healthcare CFO Summit Las Vegas, NV October 19–21, 2014
National Healthcare CXO Summit Las Vegas, NV October 19–21, 2014
Innovative Member Engagement Operations For Health Plans Las Vegas, NV October 20–21, 2014
4th Partnering With ACOs Summit Los Angeles, CA October 27–28, 2014
2014 Annual HEDIS® and Star Ratings Symposium Nashville, TN November 3–4, 2014
PCMH & Shared Savings ACO Leadership Summit Nashville, TN November 3–4, 2014
World Orphan Drug Congress Europe 2014 Brussels, Belgium November 12–14, 2014
Medicare Risk Adjustment, Revenue Management, & Star Ratings Fort Lauderdale, FL November 12–14, 2014
Healthcare Chief Medical Officer Forum Alexandria, VA November 13–14, 2014
Home Care Leadership Summit Atlanta, GA November 17–18, 2014