Post details: The Perfect Storm in Healthcare?

Google
 

The Perfect Storm in Healthcare?

May 12th, 2008

by Nick Jacobs

What’s this generation coming to? It started some years ago with new rules for residents. They no longer were permitted to be worked 80+ hours per week as part of their residency. In fact, many residents actually keep time sheets and then tell their MD/Professors when their work week is complete. It wasn’t that many generations ago that student nurses and residents were the only people working the night shift in even prestigious medical centers.

What else is happening? New generations of physicians are actually seeking to attempt to balance their work time with their free time. A front page article in the Wall Street Journal by Goldstein reported that U.S. medicine is in the middle of a cultural revolution. According to the article, young physicians are beginning to challenge the fact that they must be available to treat patients around the clock. According to President Ronald Davis, M.D., “There has been a sea change in how young physicians today balance professional responsibilities and personal needs, compared to their colleagues from a few decades ago . . .Physicians who manage their own stress and feel happy with their own daily circumstances are probably better physicians.”

As a hospital CEO in Pennsylvania, we are seeing “The Perfect Storm,” as catastrophic liability insurance is no longer available to our physicians. Ninety plus percent of our State’s finishing residents are leaving. The newer physicians who are considering staying in State are actually demanding free time, comprehensive call coverage, and weeks of vacation and continuing medical education time. Quality of life issues?

So, as 78 million Baby Boomers head toward the proverbial wall, we not only have a significant shortage of gerontologists and other sub specialists, we are also faced with young, smart physicians who actually want a life. Hold onto your hats.

Comments:

Comment from: Lavinia Weissman [Visitor] · http://www.laviniaweissman.com
This is no surprise. Did you know Boston is now suffering from a shortage of physicians. Recent grads of Boston Residency programs can no longer afford to live in Boston based on a set of values that include working less, having more time for family and children and assuring a path of financial planning to pay back the $250K plus they owe that also permits them to buy a house.

I find this interesting. When I got to Utah, I selected a physician who works two days a week and have all my needs met non urgently and with the plan of care we have mapped out for me, and all repair we have done of my body from environmental toxins, I have no need to go to urgent care anymore. So I am delighted to see my doctor cash and carry and submit my superbill to insurance for reimbursement. Babbie's value for keeping her rates lower and having her patients do their own insurance fits well with me. It takes me minutes to keep track of my personal paper work.
Permalink 05/14/08 @ 00:51
Comment from: Lavinia Weissman [Visitor] · http://www.laviniaweissman.com
I should add she, her husband and other partner keep their rates low by not hiring a $50K Plus a year insurance person to handle insurance.

She also can quote me prices on all my lab tests and everything I plan for out of pocket as I manage my money because she is managing her practice to support her and care her family which spills over on to me.

What good fortune.
Permalink 05/14/08 @ 00:53

Leave a comment:

Your email address will not be displayed on this site.
Your URL will be displayed.
Allowed XHTML tags: <p, ul, ol, li, dl, dt, dd, address, blockquote, ins, del, a, span, bdo, br, em, strong, dfn, code, samp, kdb, var, cite, abbr, acronym, q, sub, sup, tt, i, b, big, small>
URLs, email, AIM and ICQs will be converted automatically.

authimage

Options:
 
(Line breaks become <br />)
(Set cookies for name, email & url)

Google