© Dr. Mike GormanDr. Mike Gorman has taken out an SBA loan to keep his rural solo practice running in Logandale, Nev. "If things don't improve fast, I will have no choice but to close my doors," he said.
This quiet reality, which is spreading nationwide, is claiming a wide range of casualties, including family physicians, cardiologists and oncologists.
Industry watchers say the trend is worrisome. Half of all doctors in the nation operate a private practice. So if a cash crunch forces the death of an independent practice, it robs a community of a vital health care resource.
"A lot of independent practices are starting to see serious financial issues," said Marc Lion, CEO of Lion & Company CPAs, LLC, which advises independent doctor practices about their finances.
Doctors list shrinking insurance reimbursements, changing regulations, rising business and drug costs among the factors preventing them from keeping their practices afloat. But some experts counter that doctors' lack of business acumen is also to blame.
Comment: For more information on the education crisis in America see:
American Education's Failure: The Cause and Cure
Who Controls Our Children ? (Public Education Dumb Down Kids)
You can't blame teachers for quitting when entire families are hostile to education