The DANGERS of Consolidation in the Healthcare Industry - Your Doctor is an EMPLOYEE - MD Explains

What does the airline industry, cell phone industry, and even hotel industry have in common with the healthcare industry? Consolidation. Looking at each of these industries I think we can all agree that consolidation has not improved them. No one would say that the airlines are providing better food, larger seats, less fees, etc. or that when you call your cell phone company your wait times to talk to a human being are getting shorter. So, what does consolidation mean for the healthcare industry? Why should we be concerned that more and more doctors are now employees rather than running private practices? 

Using my 20+ years of experience in the the healthcare industry from a practicing physician to a medical director to being a CEO of healthcare companies today, I give my unique insight into the dangers of consolidation in the healthcare industry and what we might expect in the future if things keep progressing down this road.

You can learn more about the dangers of your doctor being an employee by reading this op-ed piece in the Wall Street Journal by Devorah Goldman:
https://www.wsj.com/articles/doctors-office-becomes-an-assembly-line-family-private-physician-hospital-medicare-reimbursement-ehr-medical-drug-price-cost-11640791761?mod=hp_opin_pos_3#cxrecs_s

Thank you for joining me on another episode of Baktari MD! Do you have a question regarding our healthcare system? Please leave your question in the comments below so I can make an episode about it. Also, I’d love to hear any suggestions you may have for future content.

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Disclaimer: All information discussed or provided by Jonathan Baktari, M.D. (“Dr. Baktari”) and/or his affiliates/guests are for educational purposes only. The information discussed and provided is not a substitute for professional medical advice, diagnosis, or treatment.  Always seek the advice of your physician or other qualified health provider with any questions you may have regarding a medical concern or condition. Never disregard professional medical advice or delay in seeking it because of any information discussed or provided by Dr. Baktari or his affiliates/guests!  If you think you may have a medical emergency, call 911 immediately.  All information concerning hospitals, physicians, insurers, and other healthcare-related companies is based on Dr. Baktari’s observations of the healthcare industry as a whole and do not reflect on any specific hospital, physician, insurer, or other healthcare-related company.