Can primary care doctors make more money treating mental health

While money often is not the primary reason people decide to become doctorsmoney often factors into the decision when choosing a medical specialty. Due to a large amount of debt prospective physicians often incur during the many years of additional school and training, earning potential can primary care doctors make more money treating mental health be very important for some physician candidates. However, that can be balanced by a doctor’s preference for working with a certain type of patient and in a setting that is preferred. Find out which physician careers pay the lowest of all physician jobs. Physicians who specialize in caring for elderly patients generally age 65 and over are called geriatricians. Geriatricians are family practitioners or internists who do an additional fellowship in geriatric medicine. Heakth, despite the additional training, geriatricians earn less than their trating who remain in internal medicine or family medicine. Hospice and palliative care is a relatively new medical specialty for physicians, with certification as a specialty beginning in Primary care physicians or geriatricians may complete additional fellowship training in hospice and palliative care, which focuses on long-term illnesses and terminally ill patients. While this can be a very intense and rewarding specialty in reviewing difficult cases for seriously ill patients, it is not as economically rewarding as many other specialties.

How Much Doctors Make by Specialty: $174,000 to $413,000

Much of the health care system in our country depends on health care coverage, which is usually provided by a form of insurance. If you don’t have insurance, it can be difficult to pay for treatment unless you are independently wealthy. Medicaid is health care coverage offered in combination by the federal government and your state government. It helps low-income individuals in certain groups pay for medical care and prescriptions. Medicaid is not a typical insurance program with monthly payments and deductibles; Medicaid pays providers directly for your care. Low-income beneficiaries aren’t the only group to receive Medicaid, as there are several other qualified groups that are covered although some of this will change in upcoming healthcare reform. Many states also have a «medically needy» clause, which means you can receive Medicaid without falling under any of those categories if your state determines that you need the medical treatment and you are under the threshold of the Federal Poverty Level. Many people with mental illness become eligible for Medicaid by qualifying as disabled, either as children or as adults after age SCHIP requirements tend to be broader. If you believe that you meet the income and eligibility requirements, you can apply for Medicaid. For specific questions about eligibility for Medicaid in your state, you should call your state office.

Median Doctor Pay: $187,000

For more information on Medicaid, click here. Medicare, like Medicaid, is a health coverage plan run by the federal government. Medicare operates more like traditionally funded health insurance than Medicaid.

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More than half are with primary care physicians. A new study suggests those doctors may not be the best to treat the condition due to insurance issues, time constraints and other factors. The paper, published Monday in the March issue of Health Affairs , examines how primary care doctors treat depression. More often than not, according to the study, primary care practices fall short in teaching patients about managing their care and following up regularly to track their progress. That approach is considered most effective for treating chronic illnesses. Most people with depression seek help from their primary care doctors, the study notes. For example, patients sometimes have difficulty locating psychiatrists nearby or those who are covered by their insurance plans.

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Doctors are making more overall, but a few are making less

How about inpatient therapy for bipolar disorder or PTSD? Or a clinic for substance use disorder? Using insurance at any of these places can be a challenge. And when in-network care is found, insurance companies reimburse mental health professionals less than primary or specialty care providers for comparable services. Even when treating the exact same condition, like depression. The widespread practice has created an unequal system that could create disincentives for mental health providers to accept insurance, even as the U. InCongress passed a landmark mental health parity law.

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The idea was that more insurance coverage would mean fewer barriers for people seeking care. About 55 percent of psychiatrists take insurance, according to a study published in the The Journal of the American Medical Association. The average for all health care professionals is around 89 percent. In almost half of U. The mental health parity law says the Department of Labor has jurisdiction over private group health plans and the Department of Health and Human Services has jurisdiction over public sector group health plans.