Collin County Living Well Magazine Spring 2015 | Page 9

partnered with other physicians to form private practices with multiple locations. Employed physicians, on the other hand, are salaried personnel who work for consolidated hospital groups. Joe chose independent Orthopedic Surgeon, Dr. Craig Goodhart, with OrthoTexas in Carrolton. “I chose Dr. Goodhart, because I was able to get an appointment right away. I had a few days between jobs and the kids were on a bi-week from baseball. If I couldn’t get in this window of time, I wasn’t going to be able to get my knee taken care of. What I learned during this process was the valuable difference between independent physicians and employed doctors.” Hospitals have higher operating costs, even if you aren’t utilizing their 24 Hour Ambulatory Care you’re still paying for it in overhead fees. Knowing the difference between independent and employed physicians can empower patients to make more informed choices. As Healthcare Reform pushes higher reimbursement rates to hospitals, private practices across the country are being forced to either close their doors, or be acquired by hospital groups. CNN reported hospital purchases of physician owned practices increased 30 to 40 percent over the past five years, which has made finding an independent practitioner increasingly difficult. However, locating one of these hidden gems not only ensures a higher level of personalized care for the patient, but it also helps heal our broken healthcare system. The Affordable Care Act was built to incentivize quality of care – not quantity of care, yet according to Paul Ginsburg, PhD, President of the Center for Studying Health System Change, a non-partisan think tank that studies the healthcare industry, “Hospital acquisition of physician practices leads to higher prices.” For example, in May 2013, the Denver Post printed a reported following a patient who received the same cardiac stress test twice from the same cardiologist. The test was first ordered by the patient’s physician as an independent and cost just over $2,000. After the practice was purchased by a local hospital a year later, the second test cost over $8,000. What was the reason for the drastic difference? An added facility fee by the hospital, the newspaper reported. Hospitals have higher operating costs, even if you aren’t utilizing their 24 Hour Ambulatory Care you’re still paying for it in overhead fees. “OrthoTexas is an independent facility, so not only did I get in to see Dr. Goodhart more quickly,” says Joe, “but, I’m only paying for my knee when it’s all said and done. The best way I can explain it, is a la carte pricing; I’m only paying for what I need. And that’s a big difference when it comes to my portion of co-insurance.” From the moment I walked into OrthoTexas, I was treated like someone who was shopping at a family owned business; I felt like I was in control, Working in the entertainment and advertising industry, my paychecks are dependent upon the needs of others. So, I can understand why some doctors opt for the security of a hospital job,” Joe says. For numerous independent practitioners, the low insurance payouts are making it so costly to keep their practices afloat, they’re faced with the decision to close the doors, or give their staff an opportunity to keep their jobs, by selling their practice to a hospital group. Giving up self-sufficiency isn’t without its benefits. Administrative stresses virtually disappear. Both physicians and staff are ensured a steady salary, while the hospital takes the added tasks of human resources billing, collecting, overhead, and operations. Doctors assume less on-call time and primarily work on shift-type schedule, freeing up personal time many physicians in private practice rarely enjoy. But, do the cons outweigh the perceived freedom? Many experts believe so. When doctors aren’t in charge of their practices, many feel patient care takes the first hit. “I want my specialized care to be as personalized as my primary care,” Joe says, “and to an independen Ё