09/12/2019
Why are hundreds of physicians quitting private medical practice today, and over the last two decades?
The primary reason is that over 95% of physicians have no academic business and marketing education at any time in
their educational careers. They unexpectedly discover that their medical practice is going downhill. By the time they recognize the practice is financially failing, they don't have enough money to pay business experts $30K to get them out
of trouble. With a business education obtained earlier, they
would have the business tools to recognize the failure early
enough to prevent financial failure... even have the money to take corrective action. And, they'd have the marketing tools to resolve those issues themselves before things had gone
too far.
The Tusami of physicians quitting private medical practice has made them easy targets for the managed care recruiters to have an extraordinary field day. Because physicians have been told thousands of times that doctors "do not need a business education" they are left to run a private medical practice business successfully, profitably, and efficiently without the required business knowledge and education to do it. So what do they do?
It means that every physician finishing their medical training and education in the USA is in fact predestined to suffer some degree of financial failure in their private practice.
And you wonder why private medical practice is being eliminated one by one across our nation.
Of course, they have some alternatives that seem to satisfy the majority of physicians... like becoming indentured survants to the managed care industry that never seem to go broke. This vacancy of American physicians that quit altogether has been filled with foreign physicians and part time female doctors.That has made everyone happy--right? Have you read the stats on that? About 50% of lady doctors practice only part time.
Another important factor for those indentured servant doctors consideration is their ability to tolerate being told how to practice medicine... a hallmark of HMOs and other managed care facilities. I spent 14 years under three of those sectors in my 40 year clinincal career. You don't want to hear my stories about that.
Who is responsible for sponsoring these disasterous circumstances that is crippling the medical profession? it isn't the government or politicians. Maybe I can talk about that next time if you have an open mind to listen and read. That is, if I can subdue the anger I have about nothing being done to fix these issues.
part-time.
