Why heart doctors are leaving practice to work for hospitals

January 26, 2012|By Stacey Burling, Inquirer Staff Writer
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  • At Our Lady of Lourdes Medical Center in Camden, adult nurse-practitioner Ann Townsend (center) consults with heart patient Jack Leidy of Williamstown and daughter Lois.
  • At Our Lady of Lourdes Medical Center in Camden, adult nurse-practitioner Ann Townsend (center) consults with heart patient Jack Leidy of Williamstown and daughter Lois. (CLEM MURRAY / Staff Photographer )
  • Cardiologist Reg Blaber greets Stella Dion, 93, of Haddonfield,at Our Lady of Lourdes, Camden. (CLEM MURRAY / Staff Photographer )
  • Cardiologist Dr. Reg Blaber speaks with Adult Nurse Practitioner Ann Townsend, clinical manager of the Heart Failure and Chest Pain unit at Our Lady of Lourdes Medical Center in Camden. (Clem Murray / Staff Photographer)

Insecurity about falling insurance payments and the impact of impending health-care changes are driving droves of cardiologists - among the highest-paid doctors - to leave private practice and become hospital employees.

The doctors are seeking to protect their income and get relief from the hassles of managing a business, as pressure mounts to reduce costs and invest in expensive computer systems. Hospitals, meanwhile, want closer relationships with doctors as changes loom that will reward efficiency and care coordination both in and out of the hospital.

The deals, said Bob De Luca, managing partner of IMA Consulting in Chadds Ford, "are an attractive alternative in this time of chaos and uncertainty."

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Lourdes Health System in South Jersey has embraced the trend. Last year, it put 47 cardiologists from two large private practices on salary.

Main Line Health, which employed six cardiologists in 2008, now has 28. This month, it announced the hiring of the last four, a group in Roxborough. And Temple University Health System announced that eight cardiologists from Chestnut Hill Cardiology Group in Flourtown would join its physician group in March.

The acquisitions apparently are a touchy subject. Many area hospitals did not respond to requests for information about their strategies or the number of employed cardiologists.

At least for the time being, there are financial rewards: Medicare often pays more for procedures and treatments performed in hospital-owned facilities than it does for the same services in offices owned by doctors. The higher bills from shifting doctors to hospital employment in general, not just cardiologists, have already caught the attention of Washington policymakers. An influential advisory agency has recommended that payments be equalized for standard office visits. That alone could save Medicare from $250 million to $750 million a year, the Medicare Payment Advisory Commission says.

While the tighter relationships between doctors and hospitals could improve care, some experts say the trend, along with insurers' efforts to control costs through smaller networks, may mean that patients more often have to choose between their doctor and the hospital they prefer.

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