Here are four thoughts on how employing physicians impacts hospitals.
1. Patients tend to select hospitals that employ their physician, according to a National Bureau of Economic Research study.
2. However, hospitals may lose $190,000 each year per employed physician when they deduct salary, bonuses, overhead and insurance expenses from the hospital’s accrued revenue.
3. Despite these losses, hospitals retain these physicians in the hopes patients will go back to the hospital for specialty care and diagnostic services.
4. Physicians may not be as productive as they are in private practice, which may also detract from a hospital’s bottom line.
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