I am qualified to opine on physician compensation formulas, because I’ve spent hard time on both sides of the payment seesaw. For the first 10 years of my career, I was on salary. We were told, however, that we could earn productivity ‘bonuses’, but these rewards were trivial. An ‘employee of the month’ parking spot near the entrance would have been worth more, especially during the frigid Cleveland winters. After 10 years, I moved over to the dark side , where I was paid for each service I provided. In Part I this week, I present pros and cons of salaried medicine. I suspect that I've overlooked some of the advantages and drawbacks of paycheck medicine, so I hope that readers will correct my errors and omissions. Good Stuff About Paying Gastroenterologists a Salary Lowers health care costs by underpaying specialty physicians Eliminates financial conflicts of interests. The colonoscope is not a capitalist tool. Reduces unnecessary medical procedures as gastro docs would rathe...
MD Whistleblower presents vignettes and commentaries on the medical profession. We peek 'behind the medical curtain' and deliver candor and controversy in every post.