I know of a lab that is not doctor owned in the community I live in,that is just as expensive as any other lab and screws up more than any physician owned lab. They are known for having to do it over again lots of times. Screwups are not forgiveable in the medical world.
Just look at the numbers. I even have articles I’ll quote.
The Office of the Inspector General publicized reports in 1989 stating that patients who treated with a physician who owned a clinical lab underwent 45% more lab services than typical Medicare patients. Another study, by the US General Accounting Office, showed that physicians who had financial stakes in diagnostic imaging services ordered 54% more MRIs (Feldstein; Manchikanti 727-8)
Unneeded testing or therapies also greatly increase the amount of money that insurance companies, Medicare, and Medicaid have to pay out. The increased burden on Medicare and Medicaid has led to increased legislation (Pear 1; Wilson 68).
“A recent report indicates that approximately $8 billion of the US healthcare budget of $1.9 trillion is spent on physicians’ extra income derived from their ownership in outpatient facilities…” (Manchikanti 725).
Code:
Feldstein, Mary. “Doctor-clinic ties in area questioned” *St. Louis Post-Dispatch*
16 July 2008. 23 Sep 2008. <http://www.stltoday.com/stltoday/business/stories.nsf/healthcare/st/CCDEB996C2629E63862574880014A33F?OpenDocument>.
Manchikanti, Laxmaiah MD; Erin Brisbay McMahon JD. “Physician Refer
Thyself: Is Stark II, Phase III the Final Voyage?.” *Pain Physician *Nov 2007. 18 Sep 2008. < [pa(name removed by moderator)
hysicianjournal.com/crrent_issue_vw.php?journal=38&code=912&issue=past_issue>](
http://www.pa(name removed by moderator)
hysicianjournal.com/crrent_issue_vw.php?journal=38&code=912&iss)
Pear, Robert. “With Assorted Therapists Setting Up Shop in Doctors’ Offices, Questions for Medicare”
The New York Times 1 June 1999. 18 Sepr 2008.
http://query.nytimes.com/gst/fullpa...755C0A96F958260&sec=health&spon=&pagewanted=1
Wilson, Rachael; Shawn Carraher; Sarah Carraher; Gerald Ferris; Charles Carraher. “When Entrepreneurship and Ethics Collide: The Case of Physician-Owned Specialty Hospitals”* The Journal of Applied Management and Entrepreneurship *Jan 2008. 18 Sep 2008: ProQuest. Online.
These links are about a year old, so I can’t promise they are all still active, but if you actually care, I’m sure you can find the original articles.