Skip to content
  • About
  • Contact
  • Contribute
  • Book
  • Careers
  • Podcast
  • Recommended
  • Speaking
  • All
  • Physician
  • Practice
  • Policy
  • Finance
  • Conditions
  • .edu
  • Patient
  • Meds
  • Tech
  • Social
  • Video
    • All
    • Physician
    • Practice
    • Policy
    • Finance
    • Conditions
    • .edu
    • Patient
    • Meds
    • Tech
    • Social
    • Video
    • About
    • Contact
    • Contribute
    • Book
    • Careers
    • Podcast
    • Recommended
    • Speaking

How do we know what a doctor is worth?

Dr. Eddie Chaloner
Physician
April 19, 2013
Share
Tweet
Share

I read the recent popular posts from Matthew Moeller (Dear lawmakers: this is what it’s like to be a doctor today) and Nick Rademacher (Lawmakers shouldn’t care about the personal hardships of doctors) with great interest. They reflect perspectives from two interesting turning points for most medical careers- medical student, and established attending physician. I’m a U.K.-based surgeon and though the healthcare systems in the UK and USA are very different, the issues of student legacy debt and pressure on remuneration for doctors are similar. Ruminating on both letters led me to consider what a doctor is worth.

Many doctors in the US and UK will empathize with Moeller’s situation, and feel a degree of unfairness in the way we, as a profession, are portrayed in the media by devious politicians. It’d be easy to dismiss Rademacher’s reply as the enthusiasm of youth that will change with age and experience, but I’m wary of castigating him for expressing views that many shared at his stage of training. I‘m sure they are sincerely held, and are indeed the heart of why most of us ended up in medicine in the first place.

Behind these two opposed views lurks a more significant issue: the influence of medical reimbursement on the future direction and structure of healthcare. Like it or not, doctors are the critical decision makers in the majority of medical interactions. Once the decision is made, certain tasks can be delegated to specialist nurses, but the critical decisions are always made and reviewed by a doctor. It’s the decision-making capacity that makes doctors the indispensable part of health care- the part of the system that actually adds real value to the patient outcome.

There are many aspects to the compensation package for a doctor- the job satisfaction, sense of personal vocation, and other intangibles, do go some way to mitigating downward pressure on financial remuneration. But it’s these personal rewards that are cynically exploited by policy makers to force down the financial rewards of the medical profession.

For the majority of doctors, idealism eventually butts up against the hard reality of economics. If the decision makers, the engine room of healthcare, are put in a position where their financial remuneration does not reflect the personal investment in training, nor allow them to enjoy a reasonable standard of living, then the inevitable consequence will be an exodus from certain specialties and activities into other areas which are better compensated.

The end result may be a stratified system of care. The best and most energetic medics could end up treating the wealthier members of society, who can afford to pay for their services, whilst the less affluent patients are left with a dwindling number of overworked idealistic doctors grinding themselves into the ground in an attempt to prop up a public health service under continual and excessive pressure. Healthcare will become more unequal, which, in curious irony, is the polar opposite of what most policy makers say they intend.

So, what is a doctor worth? In the final analysis this probably rests on what the purchaser of a service is prepared to pay for it. In many other walks of life there is a direct correlation between price and quality — isn’t it possible that this rule may also apply to medicine?

Eddie Chaloner is a vascular surgeon who runs a private practice Radiance Health in London, England. He also works part time for the National Health Service.

Prev

EMR tips for locum tenens doctors

April 19, 2013 Kevin 3
…
Next

Baby boomers need to save themselves

April 19, 2013 Kevin 12
…

Tagged as: Primary Care, Public Health & Policy, Surgery

Post navigation

< Previous Post
EMR tips for locum tenens doctors
Next Post >
Baby boomers need to save themselves

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

More in Physician

  • When a doctor becomes the narrator of a patient’s final chapter

    Ryan McCarthy, MD
  • Gaslighting and professional licensing: a call for reform

    Donald J. Murphy, MD
  • When service doesn’t mean another certification

    Maureen Gibbons, MD
  • Why so many physicians struggle to feel proud—even when they should

    Jessie Mahoney, MD
  • If I had to choose: Choosing the patient over the protocol

    Patrick Hudson, MD
  • How a TV drama exposed the hidden grief of doctors

    Lauren Weintraub, MD
  • Most Popular

  • Past Week

    • Physician patriots: the forgotten founders who lit the torch of liberty

      Muhamad Aly Rifai, MD | Physician
    • Why medical students are trading empathy for publications

      Vijay Rajput, MD | Education
    • The hidden cost of becoming a doctor: a South Asian perspective

      Momeina Aslam | Education
    • Why fixing health care’s data quality is crucial for AI success [PODCAST]

      Jay Anders, MD | Podcast
    • Why tracking cognitive load could save doctors and patients

      Hiba Fatima Hamid | Education
    • When errors of nature are treated as medical negligence

      Howard Smith, MD | Physician
  • Past 6 Months

    • What’s driving medical students away from primary care?

      ​​Vineeth Amba, MPH, Archita Goyal, and Wayne Altman, MD | Education
    • A faster path to becoming a doctor is possible—here’s how

      Ankit Jain | Education
    • How dismantling DEI endangers the future of medical care

      Shashank Madhu and Christian Tallo | Education
    • Make cognitive testing as routine as a blood pressure check

      Joshua Baker and James Jackson, PsyD | Conditions
    • How scales of justice saved a doctor-patient relationship

      Neil Baum, MD | Physician
    • The broken health care system doesn’t have to break you

      Jessie Mahoney, MD | Physician
  • Recent Posts

    • Why tracking cognitive load could save doctors and patients

      Hiba Fatima Hamid | Education
    • When a doctor becomes the narrator of a patient’s final chapter

      Ryan McCarthy, MD | Physician
    • Why innovation in health care starts with bold thinking

      Miguel Villagra, MD | Tech
    • Navigating fair market value as an independent or locum tenens physician [PODCAST]

      The Podcast by KevinMD | Podcast
    • Gaslighting and professional licensing: a call for reform

      Donald J. Murphy, MD | Physician
    • How self-improving AI systems are redefining intelligence and what it means for health care

      Harvey Castro, MD, MBA | Tech

Subscribe to KevinMD and never miss a story!

Get free updates delivered free to your inbox.


Find jobs at
Careers by KevinMD.com

Search thousands of physician, PA, NP, and CRNA jobs now.

Learn more

View 26 Comments >

Founded in 2004 by Kevin Pho, MD, KevinMD.com is the web’s leading platform where physicians, advanced practitioners, nurses, medical students, and patients share their insight and tell their stories.

Social

  • Like on Facebook
  • Follow on Twitter
  • Connect on Linkedin
  • Subscribe on Youtube
  • Instagram

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

  • Most Popular

  • Past Week

    • Physician patriots: the forgotten founders who lit the torch of liberty

      Muhamad Aly Rifai, MD | Physician
    • Why medical students are trading empathy for publications

      Vijay Rajput, MD | Education
    • The hidden cost of becoming a doctor: a South Asian perspective

      Momeina Aslam | Education
    • Why fixing health care’s data quality is crucial for AI success [PODCAST]

      Jay Anders, MD | Podcast
    • Why tracking cognitive load could save doctors and patients

      Hiba Fatima Hamid | Education
    • When errors of nature are treated as medical negligence

      Howard Smith, MD | Physician
  • Past 6 Months

    • What’s driving medical students away from primary care?

      ​​Vineeth Amba, MPH, Archita Goyal, and Wayne Altman, MD | Education
    • A faster path to becoming a doctor is possible—here’s how

      Ankit Jain | Education
    • How dismantling DEI endangers the future of medical care

      Shashank Madhu and Christian Tallo | Education
    • Make cognitive testing as routine as a blood pressure check

      Joshua Baker and James Jackson, PsyD | Conditions
    • How scales of justice saved a doctor-patient relationship

      Neil Baum, MD | Physician
    • The broken health care system doesn’t have to break you

      Jessie Mahoney, MD | Physician
  • Recent Posts

    • Why tracking cognitive load could save doctors and patients

      Hiba Fatima Hamid | Education
    • When a doctor becomes the narrator of a patient’s final chapter

      Ryan McCarthy, MD | Physician
    • Why innovation in health care starts with bold thinking

      Miguel Villagra, MD | Tech
    • Navigating fair market value as an independent or locum tenens physician [PODCAST]

      The Podcast by KevinMD | Podcast
    • Gaslighting and professional licensing: a call for reform

      Donald J. Murphy, MD | Physician
    • How self-improving AI systems are redefining intelligence and what it means for health care

      Harvey Castro, MD, MBA | Tech

MedPage Today Professional

An Everyday Health Property Medpage Today
  • Terms of Use | Disclaimer
  • Privacy Policy
  • DMCA Policy
All Content © KevinMD, LLC
Site by Outthink Group

How do we know what a doctor is worth?
26 comments

Comments are moderated before they are published. Please read the comment policy.

Loading Comments...