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Kaiser Permanente has given us their third quarter 2024 report and they have come back to earth. They had a $608 million operating loss compared to an income of $156 million last year. Their revenue was up but their expenses were up even more. Top
The movement continues. The primary care physicians at Mass General Brigham are planning to unionize. They want more say in the running of their department. They are now required to work longer than specialists to be considered full time employees which is not just. This is the best way to fight the red tape.
In Philadelphia the residents of their medical schools are also organizing to form a union. This will put a dent into those hospitals profits or deepen their losses. Top
Everyone knows that physician employment is here to stay as almost 75% of today's physicians are employed. Most of them are employed by hospitals but almost 25% are employed by other corporate entities. The largest employers are however physician owned groups. The largest group of physicians owned is by Southern California Permanente at 13,547 followed by the Permanente Medical Group at 11,209.
The ABIM is finally changing their draconian MOC. They have immediately eliminated the requirement to complete it every two years. Let us hope this is a good beginning and not an end.
NES Health, the company that had cash flow problems and could not pay its ER physicians several weeks ago, has stated it is going out of business. They will not pay their physicians or even worse they will not pay their physicians malpractice tail insurance. This is the third physician staffing firm to not make it or go bankrupt in recent years. Hospitals are now going to new companies for their physician labor. Top
DISCLAIMER: Although this article is updated periodically, it reflects the author's point of view at the time of publication. Nothing in this article constitutes legal advice. Readers should consult with their own legal counsel before acting on any of the information presented.