Tuesday, April 25, 2006

Physician Competition increasing

Competition between physicians and the hospital is increasing. The surgeons have all but abandoned the thought of collaborating with Floyd in a joint venture for an outpatient surgical center.

They are more and more convicted to build the surgical center on their own. Trust is a very big issue. They continually see example after example of how some in administration will tell you what you want to hear and later “stab you in the back” or “screw you any way they can”. These were direct quotes from some surgeons.

It appears that many are finally “seeing the light” and are willing to make a definite stance. This is exactly what I said would eventually happen because of the current environment and leadership at Floyd. The Board of Directors will have some very tough decisions to make in the near future and their decisions will ultimately make the difference between long term success or short term appeasement.

If the surgeons develop the surgical center without the hospital, should the hospital build one of their own? It is a huge investment of capital and if most of the local surgeons are committed to their own center, would it be financially smart? The hospital already is struggling to meet the costs of the new $65 million addition and is behind in the projected number of heart cases. An additional revenue sucking adventure could cause other services to be jeopardized.

We’ll be following to see what transpires.


Forecast for FLOYDS KNOBS, IN (on a scale of 1-12):
Today's allergy levels: Tuesday - 5.3/Medium
Today's predominant pollen: Oak, Maple and Sycamore.

2 Comments:

Anonymous Anonymous said...

What seems to be the problem with the existing surgical center on Green Valley Road? I think this boils down to greed with another set of doctors wanting to augment their salaries by building surgical centers that arent truly needed. However the frustration that the orthopods feel over buying equipment that doesnt fit their needs is a source of aggravation, when other doctors who bring in much less income to the hospital get any new piece of equipment they want.

4/25/2006 10:03:00 PM  
Anonymous Anonymous said...

I cannot answer the question as to the problem with the existing surgical center as I am not a surgeon. It has never been utilized fully for a variety of reasons from my understanding.

It always amazes me how someone can state greed as the motivating factor every time a physician wants to invest or start any other business. Every other professional or individual, (carpenters, plumbers, electricians, lawyers, dentists etc.) can start other businesses and be touted as entrepreneurs and good business men or women.

But as soon as a physician does, it is referred to as greed. This double standard is getting old and it shows a true lack of understanding of the healthcare environment and motivation of most physicians.

4/26/2006 12:13:00 PM  

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