Physician-Owned Hospitals: Free Essay Sample & Outline
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Sample Essay On Physician-owned hospitals: Consultancy
With different reforms to the nation's healthcare delivery moving into place, increasing emphasis is often on the midlevel practitioners. The physician-owned hospitals are becoming more present in the United States. They are finding new ways to expand despite them being banned from the acceptance of Medicare and Medicaid patients. Physicians are known to run efficient hospitals as they are known to understand the needs of the patients and consequently they make sure that there is consumer satisfaction that in turn leads to consumer loyalty.
More physicians are retiring or thinking about selling their practices to hospitals. However, there is a group of practitioners that are seeing an opportunity in taking their place as small business movement. It is of the essence to understand that ownership structures in this start-up can be complex, and there is a need for the physicians to have adequate knowledge regarding the members on the various states, which often determine the different medical practices. In fact, in some states, physicians may own them outright a licensed profession or through a professional limited liability corporation. However, there are other states that allow minority ownership. Therefore, it is of the essence to know where one falls.
There are several issues that often lead to one starting his or her private practice; the first is delayed an entry into the workplace, secondly, there is regulatory pressures that come because of income and expenses. Therefore, the private practice often helps them to come out of debt and be able to pay their bills on time. One of the cons of opening a physician-owned specialty is that they are often barred from entering Medicare. These restrictions have stopped the development of new physician-owned hospitals.
However, the market growth in the sector is growing as hospitals find new ways to expand. For example, in Texas, the lack of certificate-of-need encourages the creation as well as the expansion of the physician-owned facilities. According to section 6001 of the Affordable Care Act, it effectively bans new physician-owned hospitals from starting up, and it keeps existing ones from expansion. However, the supporters argue that they provide quality care without necessarily interfering with the community-based hospitals and that the conflict of interest can be described as minimal.
I think this is the case, and they should be given a chance to blossom as they often focus on an area of specialization. The physician that start their private practice often are specialized in one sector and consequently provide high-quality services in these areas. In the creation of a physician-based clinic there is a need for a person to have an exact business plan which specifies exactly what, and how one intends to operate the clinic, and the goals as well as objectives of the clinic.
In conclusion, the number of physician-owned hospitals has been on the increase, and this is expected to increase even further with future years. This might be because of the specialization that exists in these hospitals as well as the fact they often have a personal touch with the patient that further increases consumer satisfaction. According to a report by the American Medical Association, as of 2012, there were about 60% of physicians working in physician-owned practices.