As a physician, do you believe you are compensated fairly?
Do you understand how insurance companies work and how they reimburse you? Did you realize that hospital systems and medical foundations get paid a lot more by insurances for doctor services than private physicians?
If you answered "NO" to any of the above, don't despair. Many doctors have these questions, they just don't ask.
For example, when large hospital systems buy out private physician practices, they "acquire" a lot of patients. By doing so they are able to strong arm health insurance companies into giving them better rates for physician services. Do these higher rates automatically translate into better compensation for doctors? Almost always, the answer is going to be a resounding "no". Why not? Well, any large organization will have a significant amount of overhead that needs to be paid out. Higher rates from insurance companies simply help to "pad" such high overhead. Plus, also, can't forget all those middle men and women such as administrators, executive directors, CEOs (just to name a few) who also need to be compensated.
Try to keep this in mind before you sign your next contract.
