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re: How do you feel about Nurse Practitioners?
Posted on 3/20/24 at 2:12 pm to 1BamaRTR
Posted on 3/20/24 at 2:12 pm to 1BamaRTR
quote:
You clearly don’t know what you’re talking by about in this instance
Apparently not. I always thought the board rooms of hospitals and medical groups were made up of doctors. Maybe someone can explain to me why a hospital will charge 15k for a procedure then accept 1500 from a large insurance provider for the same procedure.
Posted on 3/20/24 at 3:18 pm to MRTigerFan
quote:
I always thought the board rooms of hospitals and medical groups were made up of doctors
No. The people sitting in board rooms have MBA's. Pretty much is the main issue with healthcare in general. Every aspect of it is run by non medical personnel.
Why does it take 2 hours to fill a prescription at a big chain pharmacy? Because you have business people determining staffing levels.
Same thing with hospitals and how budget is allocated
Posted on 3/20/24 at 3:29 pm to MRTigerFan
quote:
Apparently not. I always thought the board rooms of hospitals and medical groups were made up of doctors.
Some hospital system execs are physicians, some are not. Most of the time the CEO will not be a physician.
Posted on 3/20/24 at 3:45 pm to MRTigerFan
quote:
I always thought the board rooms of hospitals and medical groups were made up of doctors.
Hospital entity senior leadership is typically is comprised of:
President - Large majority is Non-medical
Chief Medical Officer (CMO) - is a Physician and is over the physicians
Chief Nursing Officer (CNO) - is a RN, typically a DNP over all nursing
Chief Financial Officer (CFO) - Accounting exec, in charge of financials
Support services President - over non medical services
This post was edited on 3/20/24 at 3:46 pm
Posted on 3/20/24 at 5:52 pm to MRTigerFan
quote:
Maybe someone can explain to me why a hospital will charge 15k for a procedure then accept 1500 from a large insurance provider for the same procedure.
It's largely because of a now antiquated system where charges did matter. In the 70s, 80s, and even a bit of the 90s, hospitals and doctors both were paid a % of charges, typically 70-80% and the patient paid a coinsurance % of 10-20%. Hospitals raised their charges to make more money as costs increased and as new technology that cost money was invented. Initially, hospitals would agree to take only 60 or 70% of charges when the insurance signed a contract with them to be "in network." This eventually evolved into hospitals agreeing to take a flat perdiem ($2000 per day for example) or a flat rate for various procedures, similar to Medicare's DRG payment system. Once all the insurance companies started doing this, essentially, charges no longer matter because the only thing that matters is the contracted rate between the insurance company and the hospital.
Clear as mud? That's a very simplified description of what happened gradually over time.
This post was edited on 3/20/24 at 6:02 pm
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