Finance

Three Financial Metrics Can Improve Practice Performance

Three Financial Metrics Can Improve Practice Performance

By understanding three indices and metrics, physicians can change the financial outcome of their medical practice.

Embezzlement Not Uncommon in Medical Practices

Embezzlement Not Uncommon in Medical Practices

Embezzlement occurs frequently in medical practices and steps should be taken to prevent it.

Government and Industry Lead the Way in Funding USPSTF Systematic Reviews

Government and Industry Lead the Way in Funding USPSTF Systematic Reviews

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Researchers sought to assess the frequency of specific government agencies and organizations in their funding for the review studies.

Hospitals Face $218 Billion in Federal Payment Cuts From 2010 to 2028

Hospitals Face $218 Billion in Federal Payment Cuts From 2010 to 2028

A study examined how 11 pieces of legislation, combined with regulatory changes by the Centers for Medicare and Medicaid Services, would affect cumulative federal payments to hospitals from 2010 through 2028.

Do Tax Preparation Services at Pediatric Clinics Improve Patient Care?

Do Tax Preparation Services at Pediatric Clinics Improve Patient Care?

Refundable earned income tax credits are associated with greater child health among the working poor.

Standardized Funder Policies Will Improve Transparency, Publication Bias in Clinical Trials

Standardized Funder Policies Will Improve Transparency, Publication Bias in Clinical Trials

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Research findings suggest the need for greater adherence to a standardized set of policies aimed at improving transparency among clinical trial funders.

Countdown to Retirement With Saving Strategies for Physicians

Countdown to Retirement With Saving Strategies for Physicians

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Even young, fresh-out-of-residency physicians need to think about retirement.

Discrepancies Noted in Financial Disclosures Among Academic Physician-Directors

Discrepancies Noted in Financial Disclosures Among Academic Physician-Directors

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Continued improvement in payment reporting mechanisms is crucial to meet the benchmarks set by the Physician Payments Sunshine Act.

Growth in Healthcare Employment Has Led to Rise in Healthcare Costs

Growth in Healthcare Employment Has Led to Rise in Healthcare Costs

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In an era in which technology constantly evolves and becomes smarter by the day, it's not surprising that healthcare costs continue to climb.

Rates of Major Depression Up Among US Insured, Especially Youth

Rates of Major Depression Up Among US Insured, Especially Youth

Diagnoses of major depression have increased since 2013, particularly among adolescents and millennials.

Nonprofit Manufacturer Could Keep Generic Drug Costs Down

Nonprofit Manufacturer Could Keep Generic Drug Costs Down

Project Rx may drive other nonprofit and for-profit manufacturers to enter generic drug markets.

ACP: Position Paper Recommends Solutions to Close Gender Equity Gap

ACP: Position Paper Recommends Solutions to Close Gender Equity Gap

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While overall gender diversity has improved in the healthcare profession, female physicians are still paid significantly less than their male counterparts.

Nonoptimized Drug Therapy Costs More Than $500 Billion Annually

Nonoptimized Drug Therapy Costs More Than $500 Billion Annually

The estimated annual cost of prescription drug-related morbidity and mortality resulting from nonoptimized medication therapy was $528.4 billion in 2016.

Prior Authorizations and Clinical Outcomes: Repercussions for Patient Health

Prior Authorizations and Clinical Outcomes: Repercussions for Patient Health

Physicians report an increase in the burden of prior authorization over the last 5 years.

Drug Copayments Elevated Relative to Cost of Prescription Drugs

Drug Copayments Elevated Relative to Cost of Prescription Drugs

Overpayment rates above 33% were reported for 12 of the 20 most commonly prescribed drugs.

Healthcare Spending in the United States vs Other High-Income Countries

Healthcare Spending in the United States vs Other High-Income Countries

US spending data was compared with that of 10 other high-income countries.

Examining the Gender Pay Gap: Diagnosing Medicine's Gender Biases

Examining the Gender Pay Gap: Diagnosing Medicine's Gender Biases

Throughout medicine and the biomedical sciences, women continue to receive lower salaries and less funding, have fewer publications and first author publications, and are promoted at slower and lower rates.

Price Markup Associated With Outpatient Oncology Services Examined

Price Markup Associated With Outpatient Oncology Services Examined

Inflated medical costs may affect patients' treatment decisions as out-of-pocket costs increase.

High-Deductible Health Plans Linked to Lower Health Care Utilization

High-Deductible Health Plans Linked to Lower Health Care Utilization

Emergency department visits declined by 14% among study participants were switched to a high-deductible health plan.

340B Drug Pricing Program Participation May Increase Physician-Hospital Consolidation

340B Drug Pricing Program Participation May Increase Physician-Hospital Consolidation

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Participation in the 340B Drug Pricing Program has been associated with hospital-physician consolidation particularly among hematologist-oncologists.

Male Physicians Receive Higher Payments From Biomedical Industry vs Female Physicians

Male Physicians Receive Higher Payments From Biomedical Industry vs Female Physicians

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Men received a greater number and higher value of general payments than women physicians.

US Healthcare Spending Growth Slowed in 2016

US Healthcare Spending Growth Slowed in 2016

The slowdown in Medicaid and private health insurance spending growth in 2016 was driven by enrollment trends, while Medicare spending was influenced by slower per enrollee spending growth.

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?

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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.

Financial Incentives Increase Smoking Cessation Rate at Urban Hospital

Financial Incentives Increase Smoking Cessation Rate at Urban Hospital

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The effect of providing financial incentives and patient guidance on smoking cessation was examined in a prospective trial of daily smokers.

Diagnostic Coding Practices Encourage Better Documentation Without Improving Quality of Care

Diagnostic Coding Practices Encourage Better Documentation Without Improving Quality of Care

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Medical diagnoses listed in claims have become increasingly important as risk-based payment systems have begun to use these codes to adjust payments made to health plans and providers.

Many Industry Payments to Dermatology Guideline Authors Not Fully Disclosed

Many Industry Payments to Dermatology Guideline Authors Not Fully Disclosed

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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?

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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.

Gifts From Pharmaceutical Companies Influence Prescribing Habits Across Multiple Specialties

Gifts From Pharmaceutical Companies Influence Prescribing Habits Across Multiple Specialties

According to a new study, receipt of gifts from pharmaceutical companies is associated with more prescriptions per patient and more costly prescriptions.

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.

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