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 been shown to run more efficiently and have higher quality patient outcomes than those run by non-physicians or Boards appointed by politicians and 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 can be 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 or cardiology care.
In addition to saving lives, physician-owned hospitals also save healthcare dollars. Physician-owned hospitals are among the most cost effective and efficient providers of healthcare 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 placed 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 like sales, property, and inventory taxes. Because of this, 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.
Physician-owned hospitals provide complex medical care at rates far below those charged by large public hospitals.
Medicare spends less for every patient who enters a physician-owned hospital than it does for the same care at a large hospital where interests are less aligned between doctors and the 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, patient-centric care.
Why our patients choose PMC:
- PMC provides high quality, cost-effective, surgical healthcare services that are personalized and tailored to the needs of our patients and physicians.
- Patients can conveniently access registration, waiting rooms, surgical suites and recovery rooms, all in the same location.
- With a cross-infection rate of less than 0.1%, our patients are able to heal quickly and get back to their lives.
- Being smaller than an acute-care hospital allows us to really tend to our patients, giving them a relaxed, friendly environment to rest in and recuperate.
- PMC is committed to being a responsible employer that provides a professional, supportive working environment built on mutual trust and cooperation.
- Because of our surgery schedule, we know exactly how many staff members we need to serve our patients each day. Never being understaffed means we can truly focus on our patients.