The Concord Monitor Online Edition
The Concord Monitor Online Edition The Concord Monitor Online Edition
Friday, November 20, 2009 The news you need now
Subscribe  |  Newsletter  |  Place an ad  |  Contact us
Home
News
Local headlines
Obituaries
Town by town
Politics
New England
Nation-World
We Went To War
Business
Opinion
Editorials
Letters
Columns
Write a letter
Photography
*Pulitzer Winner*
PhotoExtra
Multimedia
Anthrozoology
Photo blog
Teen Life
Web Cam
Entertainment
Dining Deals
Books
Movies
Music
Tuned In
Special Sections
(All Special Sections)
Concord
 
Concord Hospital buys up practice
Primary care physicians struggled to turn a profit
Font size:
Comments


November 01, 2007 - 7:27 am

Related articles:
Lakes Region General Hospital plans for expansion (11/1/2007)

It has been eight years since a group of five doctors at the Dartmouth-Hitchcock Concord clinic left their salaried positions to form their own medical practice. According to one of those doctors, Dr. Frank Betchart, they left because they were frustrated with the way the hospital micromanaged their medical care.

This month, stymied by the tough economic realities of primary care, they have come under the wing of a different hospital.

Concord Hospital purchased Pleasant Street Family Medicine in early October and now runs the practice.

Patients of the group should see little change, according to Betchart and Concord Hospital president Mike Green, but the sale underscores the difficulties facing independent primary care practices in the region, eight of which have come under Concord Hospital's ownership in recent years.

"The bottom line is it's about money," Betchard said. "The expenses and costs of doing business were going up and the revenue was flat, and there wasn't anything we could do to counter that except seeing more patients, which didn't make sense."

Betchard said doctors at the practice had been cutting their salaries to stay solvent and would have needed a loan to replace obsolete billing software.

Primary care wasn't a big part of Concord Hospital's original business plan, but the hospital has been asked to bail out a number of practices in recent years, Green said. Doing so fits into the hospital's overall mission, he added. The Pleasant Street practice is the second the hospital has bought this year.

"Our mission is, as a charitable organization, to provide health care services to individuals in the communities we serve," Green said. "And providing health care services begins with primary care."

Primary care doctors remain in short supply locally, and few in Concord are taking new patients.

Green said the hospital hopes to recruit four to eight new physicians this summer to help fill the gaps.

Green said doctors and staff at Pleasant Street will run the practice much as they had, although the hospital will help them with billing and other areas where their technology had fallen behind.

The practice will become a department of the hospital, and doctors will become salaried employees.

Four of the five doctors who founded the practice will continue to work together. One chose to leave when the deal closed. Dr. Mark Bardo left the practice to take a position at Frisbie Memorial Hospital in Rochester.

------ End of article

By MARGOT SANGER-KATZ



Single page | 1 | 2 |


 

-->
Top Jobs
View all Top Jobs
NEWSPAPERS IN EDUCATION Concord Monitor can deliver free newspapers to your local school's classrooms. Find out how.
Subscribe | Advertiser Profiles | Jobs | Autos | Real Estate | Classifieds | Photo Reprints | Contact Us

Copyright 1997-2009
Concord Monitor and New Hampshire Patriot
P.O. Box 1177
Concord NH 03302
603-224-5301
Privacy policy
Copyright policy