Healtheon Corporation (HLTH) Message Board

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Technology Stocks : Healtheon Corporation (HLTH)

HLTH 0.120

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Sep 10 5:00 PM EST

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To: Greg h2o who wrote (690)	5/18/2000 11:08:00 AM
From: Herc	Read Replies (2) of 861

If an employee of a publically traded company, such as an internet start up, works hard and the company prospers, then the employee can get rich on stock options. If you are physician, you have just the opposite incentives. In an HMO setting, you are PENALIZED if you bill more. And if you're capitated ( which is now spreading to specialists), you don't get paid any more no matter how often you see the capitated patients. In fact you are putting yourself at risk if you do surgical procedures on these patients because of the risk of suits. I don't think an internet start up would stay in business long if their revenues didn't go up on more hits to their websites or more purchases of their products. But this is exactly the position physicians are in. Physicians still make more money than most people. Nevertheless it is demoralizing to see your income dropping. HMO's are an evil system that put the physician's best interest at odds with the patient's best interest so the HMO can make more $$$. As I said, it is doctor's morals holding the system together. But that is not enough to keep doctors motivated. I don't think this is a very healthy environment for HLTH.

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