Future practice risks: obstacles with opportunities.
The encouragement of a consumer-directed insurance market and the involvement of corporate America have led to a transformation of the healthcare system that will redefine patient expectations and the role of the physician. The expectation of a higher level of customer service, the role of electronic media, and an earnest regard for healthcare by the patient will impact the physician. Consumer-directed healthcare will call for a reprioritization, focusing on service, convenience, competency, quality, and low cost. Indifference to patient courtesies or failure to become involved in modern technology may cause the physician to be bypassed from this new healthcare system. As the business world integrates the business model into the medical profession, healthcare organizations will restructure themselves into well-organized business enterprises employing physicians. The singular physician may no longer be competitive with such business enterprises, leading to consolidation of organizations and a significant decision for the physician. The physician will have the unusual opportunity to either remain exclusively a medical professional or to also venture into the business world as an equity investor, participating in financial growth possibilities of those medical practice organizations that are for-profit. With the emergence of these new equity models of healthcare, the primary focus will be on profit, production, and service efficiencies. It is the responsibility of the physician to maintain professionalism and the commitment to quality and appropriateness of patient care. However, at the same time, the physician has the unique opportunity to participate in the distribution, economics, and subsequent financial profit of healthcare. The medical experience of the physician, coupled with business acumen, will be an unbeatable combination.
Mallory
Thomas H
TH
Joint Implant Surgeons, Inc., Columbus, OH 43215, USA. MalloryTH@Ortholink.net
D006801:Humans; D009985:Orthopedics / Q000331:legislation & jurisprudence / Q000458:organization & administration* / Q000639:trends*; D010358:Patient Participation / Q000331:legislation & jurisprudence / Q000639:trends; D010819:Physician's Role; D010818:Practice Patterns, Physicians' / Q000331:legislation & jurisprudence / Q000458:organization & administration* / Q000639:trends*; D012308:Risk Management / Q000331:legislation & jurisprudence / Q000458:organization & administration* / Q000639:trends*; D013997:Time Factors