Medical Tuesday Blog

How are Hippocrates Progeny Faring?

May 10

Written by: Del Meyer
05/10/2018 2:17 AM 

Physicians are going from being owners of their practices to employees of hospitals

5,000 Physician Practices Were Acquired by Hospitals in 2016 *The Physicians Advocacy Institute recently released an analysis on physician practice acquisitions from 2012-2016. Here are some key findings from the report:

– The number of physicians employed by hospitals grew by 14,000 from 2015 to 2016

– From July 2015 to July 2016, 5,000 physician practices were acquired by hospitals.

– The percentage of hospital-employed physicians grew by nearly 11% 2015-2016.

– From 2012 to 2016, the percentage of hospital-employed physicians increased by 63%.

– More than half (53%) of physicians in the Midwest were employed by hospitals.

– 33% of physicians were employed by hospitals in Alaska and Hawaii in 2016.

Robot revolution not paying off yet

The number of industrial robots in the U.S. has grown rapidly over the past decade, but productivity gains haven’t materialized, Bloomberg reports. Labor productivity has been stagnant, and productivity gains from innovation — something you’d expect robots to boost — have

declined. The robot renaissance could be taking its time; or displaced workers are moving into lower-wage, low-productivity jobs, driving overall productivity figures down.

Allergy Treatment pays well.

Report from Palm Springs indicates our friend has multiple allergies. He was offered a three-year course of shots paid for by Medicare or a few vials of inexpensive liquid to place under the tongue for which he had to pay.  He decided to save Medicare the expense since he heard that Medicare was going broke. No wonder.

Oxygen Treatment pays better

He observed that the same people that soak Medicare are the same ones who have Medicare pay $200 a month for oxygen generator rental which is $2400 per year when it costs $800 to purchase.

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