A community of 30,000 US Transcriptionist serving Medical Transcription Industry
HOW can MTSOs possibly survive this?
"Doctors, meanwhile, are selling their practices to local hospitals. In 2005, doctors owned more than two-thirds of all medical practices. By next year, more than 60% of physicians will be salaried employees. About a third of those will be working for hospitals, according to the American Medical Association. A review of the open job searches held by one of the country's largest physician-recruiting firms shows that nearly 50% are for jobs in hospitals, up from about 25% five years ago.
Last month, a hospital I'm affiliated with outside of Manhattan sent a note to its physicians announcing a new subsidiary it's forming to buy up local medical practices. Nearby physicians are lining up to sell—and not just primary-care doctors, but highly paid specialists like orthopedic surgeons and neurologists. Similar developments are unfolding nationwide."
The brother of a friend of mine is a physician recruiter for the military. He says that this year the docs are WAITING IN LINE to get on, whereas in years past they begged, pleaded, cajoled, etc. to get new docs.
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