Posts Tagged ‘physician shortage’

Healthcare Reform Underscores Primary-Care Physician Shortage

Wednesday, April 28th, 2010

United States faces a shortage of 40,000 primary-care physicians over the next 10 years.  As the ink dries on President Barack Obama’s landmark healthcare reform legislation, the nation is facing a physician shortage that will only worsen in coming years as 32 million Americans who previously lacked coverage obtain insurance coverage.  A recent report predicts a shortfall of approximately 40,000 primary-care physicians over the next 10 years. A provision in the new law is intended to provide a boon to the profession, ranging from bonus payments to expanded community health centers that will pick up the slack.

For patients, one possible solution could be a medical home, which would improve access with a physician-led team of nurses, physician assistants and disease educators.  “A lot of things can be done in the team fashion where you don’t need the patient to see the physician every three months,: according to Dr. Sam Jones of Fairfax Family Practice Centers in Virginia.  “We think it’s the right thing to do.  We were going to do this regardless of what happens with healthcare reform.”

Just 30 percent of American doctors are in primary care, with 65 million Americans living in areas designated as having a shortage of these physicians.  More than 16,600 new physicians are needed to close this gap in these mostly rural regions, according to the federal government.  One provision of the new healthcare bill is a 10 percent Medicare bonus for primary-care physicians who choose to practice in these underserved regions.

Does the High Cost of Medical School Deter Would-Be Physicians?

Tuesday, March 2nd, 2010

Dr. Michelle Bisutti will be paying off new student loans for medical school until she’s 70.  One reason for the nation’s physician shortage could be the cost of attending medical school.  Columbus, OH, family practitioner Dr. Michelle Bisutti ended up owing $550,000, thanks to a combination of putting off loan payments, default charges and compounding interest rates. “Maybe half of it was my fault because I didn’t look at the fine print,” Dr. Bisutti said.  “But this is just outrageous now.”

As tuitions soar, many attending medical school borrow significant dollars to pay for their education.  Unfortunately, student loans are one of the most toxic debts in existence and require extreme consumer caution and - as Dr. Bisutti learned the hard way - responsibility.  Additionally, the idea of not paying back student loans is virtually impossible because collection agencies typically are tapped to recover the money.  While lenders may trim payments, it is virtually impossible to have fees or principals waived.

Martha Holler, a spokesperson for SLM Corporation (also known as Sallie Mae), the nation’s largest private student lender, notes that loan terms, including interest rates, are disclosed “multiple times and in multiples ways”.  Sallie Mae’s website http://www.salliemae.com/ provides easy access to repayment tools and account information.

Dr. Bisutti is unhappy about the number of student loans she took, the missed payments deferring payments and the fact she didn’t completely fill out required paperwork.  Still, she didn’t like that the variable interest rates soared from three to 11 percent while she was in medical school.  She borrowed the maximum $152,000 from the federal government, took private loans from Sallie Mae, as well as two $20,000 loans from Wells Fargo & Company.  Ultimately, Dr. Bisutti’s father - who had co-signed the loans - agreed to pay $550 a month for one year.  Dr. Bisutti entered into a rehabilitation agreement on her defaulted federal loans, which now have a $31,942 collection cost.  She pays every month on those loans - now totaling $202,399 - at a rate of $990 a month.  Only $100 of that pays the original balance; the remainder pays the interest rates.  Dr. Bisutti’s federal loans will be paid off in 351 months.  At that time, the 41-year-old physician will be 70 years old.

Healthcare’s Best-Kept Secret: Nurse Practitioners

Thursday, August 13th, 2009

If healthcare reform is to successfully overcome the realities of Washington politics, there is one problem in covering the millions of Americans who lack insurance coverage - the physician shortage.  Currently, there is a 30 percent shortage of primary-care physicians, and with less than 10 percent of 2008 medical school graduates choosing that career track.  When Massachusetts enacted mandates for universal health insurance in 2006, the state’s primary-care physicians48019286 were overwhelmed.  A similar scenario could occur on a national scale.

Nurse practitioners — who have advanced nursing degrees, are licensed by the state and often are allowed to prescribe medications — may fill that void because they can treat and diagnose patients at less cost than physicians.  Medicare reimburses nurse practitioners at 80 percent of what they pay doctors for similar services.

Nurse practitioners are vital to healthcare reform because they focus on patient-centered care and preventive medicine.  The House of Representatives has listed nurse practitioners as primary-care providers on their healthcare reform legislation bill.  The profession lobbied intensely to include this legislative language so they can play an important role in a revamped health system.

“We seem to be healthcare’s best-kept secret,” said Jan Powers, health policy director for the Academy of Nurse Practitioners.  Although nurse practitioners typically have less medical education than physicians, they are well trained in skills such as bedside manner and counseling.  “In the United States, we are so physician-centric in our health system.  But it should be about wellness and prevention, not about procedures and disease management,” said Rebecca Patton, president of the American Nursing Association.

Recession Forces Physicians to Rethink Retirement

Tuesday, June 16th, 2009

The recession and its impact on investment portfolios, as well as declining Medicare and Medicaid reimbursements, are making physicians rethink their retirement dates.

Some physicians have seen their stock markets portfolios fall by as much as 50 percent.  In today’s economy, selling practices might not bring the anticipated profit, according to William Jessee, M.D., president and CEO of the Medical Group Management Association.  “I look at my 401(k) and think ‘Okay, I just turned 62, and 70 is starting to look like a better retirement field,’” Dr. Jessee said.20071003_nest_egg_18

A 2007 survey of 1,200 physicians found that 48 percent aged 50 to 65 were planning to retire, find non-clinical jobs, work part-time, close their practices to new patients and/or substantially reduce their patient load.  Since the survey was conducted, Americans’ retirement funds have lost as much as $2 trillion.

“It has not been entertaining watching all my hard-earned money disappear,” according to Jeffrey Sankoff, 41, a Denver physician.  “But I’ve got about 10 to 15 years before I need to worry because my 401(k) will just sit there and eventually recover and grow.  Those physicians closer to retirement age - hopefully their portfolio is balanced in such as way that this catastrophe won’t have as big of an impact as it’s had on me.”

The silver lining in these deferred retirements is that they could prevent a physician shortage, a result of medical schools capping their enrollments at 16,000 students per year because they believed that managed care would create a glut.  It is estimated the shortage could be as much as 250,000 physicians in the next 10 years.

Physician Shortage vs. Aging Baby Boomers a “Perfect Storm”

Monday, April 6th, 2009

As 78 million aging baby boomers deal with more chronic conditions, the country is facing a serious shortage of physicians. Compounding the crisis is the fact that between 1985 and 2006, the percentage of physicians aged 55 and older climbed from 27 percent to 34 percent, according to statistics from the Association of American Medical Colleges (AAMC).  Approximately 250,000 active physicians are expected to retire between now and 2020.  These shortages are especially critical among surgeons and family medicine practitioners.

The doctor deficit has its roots in the 1980s and 1990s when medical schools capped their enrollments at 16,000 students per year because they believed that managed care would create a physician glut.  6a00d8341caabc53ef00e5516c58f68833-800wiThe exact opposite has happened and medical schools were “woefully wrong” in their assessment, according to Josef Fischer, chairman of surgery at Beth Israel Deaconess Medical Center in Boston.  “It’s going to be tough in this situation to make it better.”

Accordingly, medical educators have identified the problem and are finally accepting more applicants.  During 2008, nearly 17,800 students started medical school — the largest class ever.  By 2015, medical schools hope to achieve a 30 percent increase in enrollment over 2002 levels.  Still, Fischer warns of “a perfect storm” forming, because it takes three to seven years to train physicians at a time when the number of senior citizens in the United States is growing fast.  With training for surgeons often exceeding seven years and few pre-med students focused on primary care as a career, additional enrollments are only a first step in the right direction.

Many doctors would prefer a career in primary medicine, focused on prevention and health, but the reality of medicine in today’s environment is that reimbursement for physician services is decreasing.  The healthcare system itself is discouraging the very best and brightest talent from pursuing primary care.  Fixing what is broken in the system at a time when prevention should be more important than ever requires fast action if we are to meet our needs in the next decade.