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Health Care Costs in the United States: Are Physician Salaries Really the Problem?

Health Care Costs in the United States: Are Physician Salaries Really the Problem?

Decreasing physicians' salaries will not improve the cost of health care in the United States, but it may discourage individuals from entering the healthcare field.

Increases in Health Care Spending Related to Increases in Service Price, Intensity

Increases in Health Care Spending Related to Increases in Service Price, Intensity

Researchers found an increase in healthcare spending in association with increases in US population size and an increase in association with aging of the population.

Many Industry Payments to Dermatology Guideline Authors Not Fully Disclosed

Many Industry Payments to Dermatology Guideline Authors Not Fully Disclosed

The investigators found that 22 of the 40 authors who received payments did not accurately disclose their industry relationships.

Should You Hire a Practice Manager for Your Office?

Should You Hire a Practice Manager for Your Office?

Hiring a manager to assist with handling the responsibilities of running a medical practice can be beneficial, but there are a few factors to consider before deciding to do so.

Medicaid's Best-Price Rule May Not Be Such a Big Problem

Medicaid's Best-Price Rule May Not Be Such a Big Problem

Researchers note that the best-price rule may be an impediment to some novel pricing arrangements in the private sector, but there are ways to avoid or mitigate its impact.

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

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

Unnecessary Health Spending Tied to Low-Cost, High-Volume Health Services

Unnecessary Health Spending Tied to Low-Cost, High-Volume Health Services

Costs associated with low-cost, low-value health services nearly twice as high as high-cost services

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.

Patient-Centered Communication: Every Doctor's Moral Imperative

Patient-Centered Communication: Every Doctor's Moral Imperative

One physician shares his insights on how repeated active discussions with patients about distress, treatment options, and goals can both reduce costs and help to identify when aggressive treatment is no longer appropriate.

Differences in Adverse Event Rates Found After Generic Commercialization of 3 Drugs

Differences in Adverse Event Rates Found After Generic Commercialization of 3 Drugs

Immediate or delayed differences in adverse event rates were seen after generic commercialization of 3 antihypertensive drugs.

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

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

FDA Drug Market Exclusivity Periods: Time for a Change?

FDA Drug Market Exclusivity Periods: Time for a Change?

Monopoly periods for brand-name prescription drug markets are usually defined by patents and regulatory exclusivity earned at the time of FDA approval.

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.

Can SNAP Participation Be Used to Decrease Healthcare Spending?

Can SNAP Participation Be Used to Decrease Healthcare Spending?

For low-income adults, participation in the Supplemental Nutrition Assistance Program is associated with a reduction in health care expenditures.

Insurers Can Reduce Provider Prices in Highly Concentrated Provider Markets

Insurers Can Reduce Provider Prices in Highly Concentrated Provider Markets

In highly concentrated markets, hospital admission, cardiologist, radiologist, and oncologist visit prices were lower.

Are Mental Health Patients Worse Off in ACA Marketplace?

Are Mental Health Patients Worse Off in ACA Marketplace?

Networks in mental health are generally narrower than in primary care, with plan networks including 11.3% of mental healthy providers practicing in a given state-level market.

Significant Financial Conflicts of Interest With MD Tweets Mentioning Drugs

Significant Financial Conflicts of Interest With MD Tweets Mentioning Drugs

Most physicians on Twitter with a financial conflict of interest and frequent tweets mention specific drugs for which they have a conflict with.

Do Standard Medical Financial Disclosure Forms Reveal Enough?

Do Standard Medical Financial Disclosure Forms Reveal Enough?

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?

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

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

Boost Your Income by Negotiating Payer Contracts

Boost Your Income by Negotiating Payer Contracts

Familiarity with current contracts and knowing how to negotiate better ones can be crucial to boosting your income.

Where to Cut Costs to Increase Boost Bottom Line

Where to Cut Costs to Increase Boost Bottom Line

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

Board Certification Exams: Worth the Expense?

Board Certification Exams: Worth the Expense?

Certification exams fees contributed to approximately 87.7% of the revenue and 21.3% of the expenses of ABMS member boards.

Average Physician Salary Increase of 2.6% in 2016

Average Physician Salary Increase of 2.6% in 2016

Approximately 77% of physician specialties experienced increases in compensation in 2016, with an overall weighted average increase of 2.9%.

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.

Physicians' Treatment Choices Often Influenced by Industry Perks

Physicians' Treatment Choices Often Influenced by Industry Perks

Even relatively small payments appear to make a difference, researchers say.

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

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

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

Significant Amount of ER Physicians Unaware of Treatment Costs

Significant Amount of ER Physicians Unaware of Treatment Costs

Education concerning cost could improve efficiency and decrease costs, researchers say.

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.

Alternative Primary Care-Based Payment Proposal Submitted by AAFP

Alternative Primary Care-Based Payment Proposal Submitted by AAFP

The alternative model includes global payments, fee-for-service, and incentive pay.

New Resources Available For Physicians to Help With Payment System

New Resources Available For Physicians to Help With Payment System

Three new resources help physicians that are already participating and who are considering a Merit-based Incentive Payment System.

Half of US Physicians Receive Monetary Gifts From Industry

Half of US Physicians Receive Monetary Gifts From Industry

Market share for brand-name drugs were down at hospitals with sales restrictions.

Medical Liability Reform Challenges in Dynamic Healthcare Environment

Medical Liability Reform Challenges in Dynamic Healthcare Environment

A new bill aimed specifically at limiting medical liability was passed by Congress on March 1, 2017.

HIPAA Fines May Be Accompanied by Corrective Action Plans for Health Care Providers

HIPAA Fines May Be Accompanied by Corrective Action Plans for Health Care Providers

In serious breach cases, the HHS Office for Civil Rights may impose CAPs to prevent breaches from recurring.

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.

Policy Denying Payment Lowers Rate of Early Elective Deliveries

Policy Denying Payment Lowers Rate of Early Elective Deliveries

Implementation of policy by Texas Medicaid has led to a reduction in early delivery rates by up to 14%.

Spending Patterns in Training Impact Future Physician Practice

Spending Patterns in Training Impact Future Physician Practice

There was a significant annual, per-beneficiary spending difference for physicians trained in high- and low-cost HSAs.

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

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.

Strategies for Addressing Uncompensated Time for Physicians

Strategies for Addressing Uncompensated Time for Physicians

Strategies include limiting tasks to those that require medical license and streamlining portal messages.

Making Sense of Medical Student Loans

Making Sense of Medical Student Loans

The total balance of my loans and the number of loan accounts increased each semester to a point where I had trouble keeping track of them.

HIPAA Information Breaches May Cause Lawsuits

HIPAA Information Breaches May Cause Lawsuits

Providers can be sued for HIPAA violations related to breaches of protected health information.

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.

Physicians Being Offered Tax Incentives to Serve as Medical Student Preceptors

Physicians Being Offered Tax Incentives to Serve as Medical Student Preceptors

Tax incentives are being offered to physicians in Maryland, Colorado and Georgia to serve as preceptors to medical students.

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.

Hot Money-Saving Tips for Newly Minted MDs

Follow these money saving tips to help manage and save your money.

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.

Equal Pay for Equal Work: How To Address the Wage Gap Among Female Physicians

Equal Pay for Equal Work: How To Address the Wage Gap Among Female Physicians

This report discusses some things female physicians should be aware about when addressing the gap in income compared to their male colleagues.

Estimated Capitated Payment Breakeven Rate for a Mid-Sized Pediatric Practice

Estimated Capitated Payment Breakeven Rate for a Mid-Sized Pediatric Practice

A recent study has estimated the capitated payment breakeven rate for a mid-sized pediatric practice.

Female Physicians in the US Compensated Less Than Males

Female Physicians in the US Compensated Less Than Males

After Medicare reimbursement reviews, female specialists in the US are found to receive far less than males.

Health Care Job Search Tips

Health Care Job Search Tips

Looking for a new job as a health care professional? Here are some quick tips that may help.

Prohibitive Costs of Medical School and Incurred Debt

Prohibitive Costs of Medical School and Incurred Debt

Student debt is a concern in the US overall, with college costs increasing at a higher rate than inflation for decades now. The rate of tuition increase for medical schools has exceeded other areas of graduate education. Student loan indebtedness has risen right along with college costs, with the median debt at $170,000 for medical school graduates in 2012, according to the Association of American Medical Colleges. They report that nearly 90% of medical students graduate in debt.

Revenue Doesn't Equal Income: The Medicare Reveal

Revenue Doesn't Equal Income: The Medicare Reveal

The Centers for Medicare & Medicaid Services (CMS) announced on January 14, 2014 that it will respond to Freedom of Information Act requests for data concerning Medicare reimbursements to physicians. The agency stated that it will guard the privacy of patients, and weigh private and public interests, while providing disclosures on a case-by-case basis. This new policy will take effect mid-March 2014. In an effort to make Medicare payments more transparent to the public, the government will launch a website later this year where it will not only post payments, but also gifts that physicians receive from drug and medical device companies. They are also expanding the CMS Physician Compare website to include information on quality of care as it relates to group practices.

Who's Watching Your Wallet? Part II

Who's Watching Your Wallet? Part II

Has a trusted employee ever stolen from you, or perhaps you know of a colleague to whom this has happened? Discovering a theft can be especially troublesome; more times than not its someone youve come to rely on and trust emphatically. Doctors are particularly susceptible because embezzlers exploit the very traits that make effective doctors: compassion, humanitarianism, and a desire to help.

Who's Watching Your Wallet?

Who's Watching Your Wallet?

The name Bernie Madoff will always be associated with greed, deception, and the infamous Ponzi scheme. There is a kind of collective disbelief and awe over its magnitude and the length of time that he was allowed to operate. Financial fraud is nothing new, and according to the Federal Trade Commission, complaints have risen 62% since 2008. No one is immune; the con artists are experts in manipulation, exploiting news headlines and even sacred events to find investors. They commonly infiltrate churches, organizations, and social groups, and create venues such as free educational dinner seminars as a means of networking and selling their wares.

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