Healthcare is a commercial enterprise, and Doctors are businesses. The primary purpose of a company is to pay the minimum legal taxes. This legal minimum tax is determined by how they make money and the number of deductions. This results in profits and returns to investment (ROI), dividends, the capacity to pay employees, etc. When it comes to”Healthcare” or the “Healthcare” business, the clients are us and you are attracted by the promises we make from our previous experiences, television shows, ads for drug companies and a mild cough. The onset of a severe emergency.
Let’s break this down into parts and examine how understanding that this is a business, not a dramatic or romantic TV show, can clarify the current health crisis. Let’s start at the front end of the industry – doctors.
Qualifying for Business
Doctors have graduated from medical school, college and apprentice (residency) and, if they specialize in one area, e.g. or psychiatry) they’ve taken additional courses, etc. Then they must be granted a license as a doctor to perform their profession in a specific state. They’ve invested massive amounts (school, capital, time, etc.) in starting a business. They must endure ongoing expenses to run a business (equipment, insurance, etc.
It’s fascinating that after you’ve invested and because of the role doctors have within society, much like lawyers, once they’ve qualified, they’re done. They don’t require requalification. Stock appraisers, real estate brokers and insurance agents need requalification to obtain their license to perform. But not a doctor, as the only people who can assess these professionals are other doctors. Not a very secure job setting. You could have obtained your business license in the year 1980 and have been in practice for a while, and nobody will ever doubt that you’ve “moved” in the direction of the times.
How They Make Money
Doctors earn money in seven ways:
- Selling their products and services. They are either individually, as medical groups, or as establishments (hospitals).
- Lab tests that they conduct or commission.
- Referrals
- the drugs are sold (prescribed)
- studying, developing new laboratory tests and medicines (most of them are not worth the cost)
- teaching other Doctors to perform similar things to what they do.
- They treat people to treat cosmetic issues or diseases.
What is their purpose?Â
Doctors are people who are just like us and have kids and mortgages. They do not exist in a vacuum. My neighbour next door has a doctor who is also a cardiologist. Their primary business is selling medical services, not treating you or any other condition that may or may not be a result. Somehow, the clients (patients) aren’t clear on this. It is as if doctors and the work they do is a thing that isn’t part of the natural world due to their job. As with any other trusted salesperson, you believe in the information they provide due to the position they hold.
The doctors might have a completely different plan when you come in with a specific interest. Similar to a mechanic for a car, There are good and less excellent ones. A doctor’s job is to examine you and employ an approach to sales consultation to tell you to conduct some tests and maybe transfer to a different doctor, also known as a “specialist”. In addition, you will also receive an order for certain drugs that are designed to have an effect on the issue you are facing. You could also be required to pay an unimportant copayment, and they will bill an insurance provider for the entire process so that the client believes that it’s all for charity and doesn’t be aware of the total cost of something since they are subsidized. When I went through my bills and realized the doctor was giving the wrong tests, I dismissed them and informed my insurer. Shlomo Rechnitz
There is a very small chance that you will receive a medical professional’s advice to seek out services they don’t get reimbursed for, and you don’t have a price listing of the costs for services that are compiled for you. Imagine insurance as a massive, privately insured (in most instances) subsidy pool (with tables for actuarial calculations). The higher your copay or the amount of your deductible, the more worry you’ll have regarding costs and vice versa.
This social trust and the patient’s inability to be aware of the actual cost of services are at the heart of this “healthcare problem”. Shlomo Rechnitz
Doctors have the same information as every other business professional, including customers, product sales and referrals, wholesale, retail samples, etc. They also have used their private data systems to guard their information about sales. For instance, try to obtain copies of your personal medical records. You may believe they belong to you, but they’re part of the group responsible for your doctor, and why is that? It’s confidential business information. The patient has to think more like the person they are.
Gordon and Lori Townsend have over a decade of expertise as wellness coaches. They have assisted hundreds of clients in reaching their fitness and health goals without resorting to prescription drugs or other medicines. Lori shed 28 pounds and six inches of fat. Her cholesterol fell by 100 points, and she was rid of all thyroid medications prescribed by doctors within 8 weeks. Gordon dropped 30 pounds and went from a size 34 waist to a size 30 waist in eight weeks. We haven’t been to the doctor or our children being sick over the past four years! Do you want to experience an increase in energy levels and the body shape you’d like and fundamentally alter how you feel and look about yourself? We believe that success is in the details and the coaching, so let’s see if we have a match. Shlomo Rechnitz
