The five physicians will still have privileges at the hospital. Southwest officials are also looking to renegotiate other physicians’ contracts, according to the report.
The main issue is money — the hospital is experiencing reimbursement cuts from Medicare and Medicaid, and could not afford to pay the employed physicians’ salaries, the report said.
More Articles on Hospitals and Physicians:
Hospital-Physician Employment May Not Guarantee Better, Less Expensive Care
Presence Medical Group Adds Sage Medical
Los Robles Hospital Partners With USC Urology Institute
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.