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12/04/2022 Robert Kornfeld, DPM
The Commercialization of Medicine (Ivar Roth, DPM, MPH)
Kudos to Dr. Roth for his direct pay success. I went direct pay in 2000 and I agree, it was a slow start. However, with a strong niche, consistent marketing, a schedule that eliminates waiting time and rushed appointments as well as being easily available to speak with patients, you can build a very low stress, low expense, successful practice. There are downsides though. You need to consistently market your services. No one will find you in a list of participating doctors. You’ll get many calls from prospective patients who are interested but once they find out you don’t take insurance, will not come.
But, it is the epitome of working smart and not hard. When I dropped insurance, I was up to 60-70 patients a day. I was exhausted and stressed. Mistakes were made. Omissions were made. A fair amount of angry patients had to wait in the waiting room sometimes up to 2 hours. I hated it. Worst of all, expenses were so high my %age net was dismal. My only word of caution. I believe now is a good time to begin positioning yourself for the change but because of the looming recession, do not expect lots of interest/traffic too soon.
I have been in a good position for many years because most of what I do is not covered by insurance. You must have a STRONG NICHE to make it work or possess superior expertise to stand out to those who are willing to pay.
I have consistently opined that the only way to make health care a great profession again is for ALL doctors to drop out. Realize without us, insurance companies have no product to sell. One of two things would happen. 1) They would have to create logical reimbursements rates or 2) it would push the one-payor system into being. But doctors have cooperated with insurance companies and now they’ve got you by the b*#”s.
Now, at 68 years old, it doesn’t much matter to me. I tried for years to get podiatrists on board with my paradigm and practice model but instead of growing the sub-specialty of functional medicine for foot and ankle care, podiatrists who did not know me or ever bother to learn about what I was doing attacked me on the internet and turned me into the NYS Education Dept. for practicing “dangerous, unproven protocols”. Small minded people do small minded things. The investigator that interviewed me actually became a patient of mine. After suffering with chronic Achilles tendinitis for 9 years, he was healed and has sent me many patients over the years. I’m still here in spite of my “colleagues”.
You can all do what you wish to do. In my 40+ years of practice, I’ve watched this profession choose the road of a slow and painful death.
Robert Kornfeld, DPM, ny, ny
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