Great point; I forgot to mention another major selling point of CVS: the Minute Clinic. This gets the patient inside the door, which is big for retail locations, because once you're somewhere you're likely to buy other things while you're there. So the minute clinic may hypothetically refer you to the pharmacy a few steps away, then while you're waiting for your prescription you may do a little shopping for essentials.
The concept of the Minute Clinic offers subsidized and convenient healthcare, benefiting the customer.
Within the healthcare sector, there is currently a lot of consolidation and shifting of costs. One major and long-standing dispute centers around labor and pay.
Currently, not many doctors want to be Primary Care Physicians, leading to a shortage. These roles are typically being filled by immigrant/foreign doctors, Nurse Practitioners, and Physician Assistants.
Action is needed to prevent a looming physician shortage
www.medpagetoday.com
Shifting specialist care from the hospital to primary care/community care (also called primary care plus) is proposed as one option to reduce the increasing healthcare costs, improve quality of care and accessibility. The aim of this systematic ...
www.ncbi.nlm.nih.gov
In essence, the pay scale for a Primary Care Physician or Internal Medicine Doctor ranges from $175,000 to $320,000 on average, while hiring an NP or PA for the same role might cost between $90,000 and $160,000, depending on the market and hours. This has the potential for cost savings.
The average Primary Care Physician salary in the United States is $235,458 as of November 01, 2024, but the salary range typically falls between $204,881 and $263,541.
www.salary.com
www.bls.gov
Additionally, American doctors aren't truly incentivized to become PCPs. Many doctors in medical school seek to specialize, and here's why:
Physicians are facing the same economic and compensation pressures as the broader workforce with inflation putting a squeeze on doctors' real income. | Average physician pay fell by 2.4% from 2021 to 2022, according to Doximity data. Economic pressures like inflation and Medicare payment cuts...
www.fiercehealthcare.com