Finance

Physician Income Trends Are Flat or Declining

Physician Income Trends Are Flat or Declining

Physician career coaches have observed a downward trend for physicians' incomes.

Medicare Cuts May Cause the End of the Patient-Centered Medical Home

Medicare Cuts May Cause the End of the Patient-Centered Medical Home

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Congressional cuts to Medicaid have made it increasingly difficult for patient-centered medical homes to operate.

Benefits Associated With Healthcare Systems Run by Clinicians

Benefits Associated With Healthcare Systems Run by Clinicians

In order assist physicians considering joining a physician-led integrated health system, a guide has been created.

Proactive Compensation Resolution Programs Do Not Increase Hospital Liability Costs

Proactive Compensation Resolution Programs Do Not Increase Hospital Liability Costs

A communication-and-resolution program, in which hospitals and liability insurers communication with patients when adverse events occur, does not lead to higher liability costs.

How to Prepare Your Medical Practice for MACRA

How to Prepare Your Medical Practice for MACRA

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One area to that requires particular attention is investments physicians need to make in their staff.

Medical Practice Embezzlement Warning Signs

Medical Practice Embezzlement Warning Signs

Embezzlement is widespread among medical practices, and knowing the warning signs is helpful for preventing it.

Medical Tourism Requires Standardized Definition to Assess Full Impact

Medical Tourism Requires Standardized Definition to Assess Full Impact

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The 2016 Global Healthcare Policy and Management Forum discussed the regulation of medical tourism and the gaps that exist in available data.

Do Standard Medical Financial Disclosure Forms Reveal Enough?

Do Standard Medical Financial Disclosure Forms Reveal Enough?

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FCOI disclosure forms tailored to the content of the clinical practice guidelines with narrow, detailed questions, provided more complete FCOI declarations.

Rising Number of Medical Students Graduating Debt-Free: What Does It Mean?

Rising Number of Medical Students Graduating Debt-Free: What Does It Mean?

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An increasing number of specialty-specific graduates have no debt and accept less scholarship funding, suggesting there is a high concentration of wealthy medical students.

Financial Incentives Associated With ACO Participation and Meaningful Use

Financial Incentives Associated With ACO Participation and Meaningful Use

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Prior exposure to financial incentives and public reporting is significantly associated with physician participation in Medicare Accountable Care Organization programs

Tips on Preventing Medical Billing Errors

Tips on Preventing Medical Billing Errors

Up to 80% of all medical bills contain mistakes; follow these best practices to avoid billing errors.

Where to Cut Costs to Increase Boost Bottom Line

Where to Cut Costs to Increase Boost Bottom Line

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Better inventory control, group purchasing, and used medical equipment are all ways to cut down medical office costs.

Emphasis on Patient Harms Increases Support for Financial Penalties

Emphasis on Patient Harms Increases Support for Financial Penalties

Penalties were supported by 41% of physician recipients of clinical vignette describing harms to patient.

For Financial Conflicts of Interest, Size Is Not All That Matters

For Financial Conflicts of Interest, Size Is Not All That Matters

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"It seems plausible that very large payments warrant greater concern about conflict of interest causing bias and undue influence."

New Tips Available for Physicians Planning for Retirement

New Tips Available for Physicians Planning for Retirement

Strategies to save for retirement should be adapted through different stages of a physicians' careers.

Make Your Medical Practice Thrive By Improving Your Collection Rates

Make Your Medical Practice Thrive By Improving Your Collection Rates

Medical groups may need to address such issues as claims denials and failure to obtain prior authorization.

Q&A: Health Law Expert Discuss Today's Medical Malpractice

Q&A: Health Law Expert Discuss Today's Medical Malpractice

An interview with medical malpractice expert, Michelle Mello, JD, PhD.

MACRA Alters Government Approach to Physician Payments

MACRA Alters Government Approach to Physician Payments

This new approach pays providers based on quality, value, and results delivered, but questions still remain.

Paid Malpractice Claims Reduced by Half From 1992 to 2014

Paid Malpractice Claims Reduced by Half From 1992 to 2014

There was an increase in mean compensation amounts and percentage of paid claims exceeding $1 million.

Orthopaedic Surgery Residents Lack Financial Know-How Despite Huge Debt

Orthopaedic Surgery Residents Lack Financial Know-How Despite Huge Debt

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Overall, 71.8% of residents rated their financial literacy at or below average.

Maximizing Clinical Practice Revenue with Reimbursement Cuts

Maximizing Clinical Practice Revenue with Reimbursement Cuts

An expert Q&A with Valora Gurganious, MBA, CHBC, on how physicians can maximize revenue and stay ahead of payors' attempts to cut reimbursement.

Private Practices With More High-Needs Patients Spend Less

Private Practices With More High-Needs Patients Spend Less

Small practices with one or two physicians have lower overall spending than large practices.

Fewer Coding Associated with Gender Wage Gaps

Fewer Coding Associated with Gender Wage Gaps

A study suggests that female physicians use fewer codes than their male counterparts, resulting in a reimbursement gap.

Important Factors Identified Influencing Physician Recruitment

Important Factors Identified Influencing Physician Recruitment

Opportunities for compensation and improved life-work balance were the most important factors.

Updates to Physician Fee Schedule Proposed by CMS

Updates to Physician Fee Schedule Proposed by CMS

There were substantial improvements that were proposed for care coordination and planning for primary care physicians.

Financial Toxicity a Relevant Factor for Cancer Treatment Outcomes

Financial Toxicity a Relevant Factor for Cancer Treatment Outcomes

This study shows that health-related quality of life is correlated with financial toxicity in cancer patients.

Strategies for Reducing Risk of Medical Lawsuits

Strategies for Reducing Risk of Medical Lawsuits

These strategies include documenting everything, being transparent with patients and showing empathy.

Dermatologists Shown to Receive Significant Industry Payments from Pharmaceuticals

Dermatologists Shown to Receive Significant Industry Payments from Pharmaceuticals

Dermatologists receive variations in nature and amount of payments from pharmaceutical companies, with the top 1% receiving at least $93,622.

Physician Spending on Health Information Technology Continues to Soar

Physician Spending on Health Information Technology Continues to Soar

Physician costs on health IT increased by 40% between 2009 and 2015 and are expected to continue increasing.

Financial Outlook for Most Primary Care Practices Actually Improving

Financial Outlook for Most Primary Care Practices Actually Improving

According to this article, there was an increase in the number of PCPs who reported that the financial state of their practices was better than a year ago.

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