Physicians Medical Center is proudly owned by local physicians who are a part of our local community
Physician-owned hospitals, defined...
Physician-owned hospitals offer both, patients AND doctors, choices beyond those offered at large, community hospitals. Most often, physician-owned hospitals also provide a higher quality of personalized care. For patients, these differences are of the utmost importance. As reported in Consumer Reports Magazine, hospitals that are run by physicians have often been shown to run more efficiently and have higher quality patient outcomes than those run by non-physicians and Boards appointed by politicians or public entities. Many great medical clinics were started by physicians who set a standard of excellence that carries on today. Physician-owned hospitals number only around 220, compared to about 6,000 community hospitals. One excellent (and readily-recognizable) example of a physician-owned hospital is the Mayo Clinic.
Physician ownership of hospitals is not a new concept. These facilities grew out of necessity, not popularity. It all began with a realization that medical care was no longer under the control of the people who provided the care, but dominated by administrators, bureaucrats, and medical management entities who no longer had sight of the real task; actually taking care of people. Physician ownership puts control back where it belongs; with doctors and their patients. Physician-owned hospitals typically implement low nurse-to-patient ratios that allow nurses to actually take care of their patients.
Physician-owned-hospitals can be fully or partially physician-owned or, a partnership between a larger hospital and a group of doctors. Physician-owned-hospitals include general acute care facilities and multispecialty facilities (children's, women's, and/or surgical.) They also include single-specialty facilities such as orthopedic and cardiology care
Physician Hospitals Save Money
In addition to saving lives, physician-owned hospitals also save healthcare dollars. Physician-owned hospitals are among the most cost effective, efficient providers of care in the country. The high quality of medical outcomes and financial efficiencies of physician-owned hospitals reduce pressure on the health insurance system and ease the burdens on patients and their families. Physician ownership means that doctors, not Boards or bureaucrats, are paying close attention to the bottom line.
Physician-owned hospitals receive no tax dollars. Unlike large, public hospitals, physician-owned hospitals actually pay taxes such as sales tax, property tax and inventory tax. Because of this reason, there is no room for wasteful spending, unnecessary medical equipment, excess administrative costs, unnecessary diagnostic tests or any other inefficiency that would negate the core values embraced by the physician owners. This is why physician-owned hospitals provide complex medical care at rates far below those charged by large public hospitals. This is why Medicare spends less for every patient who enters a physician-owned hospital than it does for the same care at large hospitals where interests are less aligned between doctors and administration. Physician ownership is the purest form of true physician/hospital alignment and is far more effective in controlling costs than its counterpart. The data is overwhelming, physician-owned health care provides better, less expensive, patent-centric care.