{"id":248,"date":"2022-10-13T09:34:09","date_gmt":"2022-10-13T09:34:09","guid":{"rendered":"https:\/\/healthynewsusa.com\/?p=248"},"modified":"2022-10-13T09:34:15","modified_gmt":"2022-10-13T09:34:15","slug":"as-giant-hospitals-get-bigger-an-independent-doctor-feels-the-squeeze","status":"publish","type":"post","link":"https:\/\/healthynewsusa.com\/?p=248","title":{"rendered":"As Giant Hospitals Get Bigger, An Independent Doctor Feels the Squeeze"},"content":{"rendered":"
SANFORD, N.C. \u2014 Before the coronavirus pandemic, Dr. Andrew Bush treated as many as 1,000 patients every month in his orthopedics practice. Now he worries about going bankrupt.<\/p>\n
The surgeon is among a dwindling number of independent physicians in the United States, where doctors are selling their practices to behemoth hospital systems or leaving the profession altogether.<\/p>\n
\u201cI don\u2019t want to give up, because I\u2019m a fighter,\u201d said Bush, whose practice, Central Carolina Orthopaedic Associates<\/a>, serves a blue-collar town of about 30,000 people. \u201cBut our summer numbers were so bad. I don\u2019t know what\u2019s going to happen.\u201d<\/p>\n Personal safety risks and fatigue caused by the pandemic have played a role in some doctors\u2019 decisions to retire or sell their offices to giant hospital systems, an outcome Bush is trying to stave off.<\/p>\n But some physicians and experts say the trend also underlines how billions of dollars in federal aid at the beginning of the crisis favored large hospital systems, even as lawmakers vowed to fight consolidation.<\/p>\n \u201cThe rich got richer, and the poor got poorer,\u201d said Ge Bai, a professor of accounting and health and policy management at Johns Hopkins University, who reviewed how much relief money went to large hospital systems in North Carolina.<\/p>\n The infusion of public money allowed big chains such as Atrium Health, a regional system headquartered in Charlotte, and Duke Health, based in Durham, to post bigger profits or continue to pursue mergers.<\/p>\n \u201cIf you have the strength and courage to hold on as an independent physician, your life is going to be hard,\u201d Bai said.<\/p>\n Bush\u2019s practice has financial problems even though he received $300,000 in federal covid relief aid meant to help both hospitals and small operators stay afloat. He halted most in-person visits and canceled surgeries at the start of the pandemic, concerned that patients could catch the virus.<\/p>\n As an independent physician in a town where the poverty rate is nearly double the national average, Bush said his prospects remain grim even as society returns to normal. About 15% of Sanford residents younger than 65 lack health insurance, according to the U.S. Census Bureau.<\/p>\n Bush said patient visits have recovered only to half of pre-pandemic levels because residents are grappling with high inflation and can\u2019t afford to go to the doctor.<\/p>\n According to a nationwide survey<\/a> conducted by the Physicians Foundation in 2020, an estimated 8% of physicians closed their practices in the early months of the pandemic, and an additional 4% planned to do so.<\/p>\n Grants, loans, and other assistance intended to help hospitals and doctors remain solvent went disproportionately to wealthy hospitals that did not need the money as urgently as independent practices and struggling rural hospitals did, according to research reports from two states and interviews with academics and doctors.<\/p>\n The U.S. Department of Health and Human Services, after multiple requests, did not make any officials available for an interview to discuss how covid funds were disbursed.<\/p>\n Despite the federal government\u2019s reluctance to answer questions about the economic impacts of covid relief distribution, some analysts said the results are visible on the ground in places like North Carolina.<\/p>\n A state treasurer\u2019s report<\/a> found that seven large hospital systems in North Carolina received $1.5 billion in covid relief money while collectively seeing their cash and investments grow by $7.1 billion from 2019 to 2021.<\/p>\n Atrium Health, for example, received the most money in the state, with $589 million in covid relief aid and $438 million in a type of emergency Medicare payment that boosts hospitals\u2019 cash flow by providing money upfront for future services. The report found Atrium posted $1.7 billion in net profit in 2021 after a merger with another hospital system.<\/p>\n Atrium did not respond to multiple emails requesting comment.<\/p>\n Bush said covid relief aid helped him meet payroll for his 13 employees. He said the aid did not cover losses from canceled surgeries and office visits.<\/p>\n Bush would not provide numbers but said his practice has not been profitable since at least 2018.<\/p>\n At one point during the pandemic, Bush said, his practice turned to telemedicine and saw fewer than five patients a day.<\/p>\n Bush, 59, said he can\u2019t retire because his practice is in debt. Bush might be willing to sell it but said he has received only a preliminary offer for $200,000 from a hospital system that operates statewide. That offer was eventually rescinded.<\/p>\n Asked whether he would advise young doctors to open an independent practice, Bush said \u201cabsolutely not.\u201d He said the burden of fighting with insurance companies for payment and the low reimbursement rates the government pays for treating patients with low incomes are too much for most doctors to overcome.<\/p>\n About a third of residents in Lee County, where Sanford is located, rely on Medicaid, a taxpayer-supported program that helps people with low incomes pay for health care, according to the state\u2019s Medicaid tracker and Census Bureau data.<\/p>\n \u201cIf I could go back 30 years, I wouldn\u2019t become a doctor,\u201d Bush said. \u201cLooking back at life, this was the wrong choice.\u201d<\/p>\n President Joe Biden has pushed the Federal Trade Commission to fight consolidation in the health care industry. In an executive order<\/a> issued last year, he said, \u201cHospital consolidation has left many areas, particularly rural communities, with inadequate or more expensive healthcare options.\u201d<\/p>\n North Carolina has one of the most consolidated health care systems in the country, according to a 2021 KHN analysis<\/a> of 2018 data from the federal Agency for Healthcare Research and Quality. Nearly three-quarters of hospitals in the state belong to a large system, the analysis found.<\/p>\n Federal and state antitrust laws are supposed to ensure competitive markets benefit consumers. Researchers have repeatedly warned that consolidation in the health care industry is driving up medical costs while showing no clear evidence of improved care. A 2012 report from the Robert Wood Johnson Foundation<\/a> found that when hospitals merge in highly consolidated markets, price increases often exceed 20%.<\/p>\n