Albuquerque Journal (Albuquerque, NM)

Money, fatigue kill a practice.

Byline: Winthrop Quigley Journal Staff Writer

A combination of financial pressure and burnout will close Albuquerque's Hospital Care Specialists, a five-physician practice that cares for an average of 40 in-hospital patients per day.

"We are stopping at a point where we were beginning to lose money," said Barbara McGuire, a partner in the practice.

When the practice began four years ago, between 5 percent and 8 percent of the group's patients had no health insurance, she said. Today, 20 percent are uninsured, which has significantly increased the number of patients who do not pay for service, McGuire said.

She also blamed the almost 6 percent of revenue in state gross receipts taxes that physicians in for-profit practices must pay. …

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