Healthcare Uncovered Episode 5: Where’s My Money Part 2: Doctor Pay Fails to Keep Pace with Hospital Revenue

Since 2015, doctor pay has gone up by 29 percent, just a bit more than inflation. But guess what overall healthcare costs jumped up by during the same period...52 percent. That’s almost TWICE the rate of inflation since 2015, and way more than doctor pay. What’s really going on here? Let’s get into it in this week’s episode of Healthcare Uncovered.  

Why are overall healthcare costs rising so much faster than doctor pay? Well, there are many reasons but let me give you just two:  

1. Hospital costs are high. Hospitals negotiate much higher reimbursement from commercial insurance companies compared to doctors. On average, hospitals are paid $224 percent of Medicare by commercial insurance...whereas doctors are only paid 129 percent of Medicare.  
2. Prescriptions are expensive. The U.S. spends almost $1,000 per person per year on prescription medication. In other industrialized countries, it’s half as much.  

Make sure to watch the video, where I share an example of exactly how this plays out for doctor pay. It’s clear that all the money in healthcare is not going to the doctors.  

But there is a solution that can bring down healthcare costs for our nation and make sure doctors receive their fair share. It’s called direct contracting. Many doctors are already doing it, but if you aren’t, you should look into it. I break it all down in Episode 5 of Healthcare Uncovered.  

Healthcare shouldn’t be complicated. Check out Nomi Health’s Open Network of physicians to break through the red tape, collect the money you’ve earned, and get back to why you’re doing this in the first place... helping patients.