More in Finance
The investigators found that 22 of the 40 authors who received payments did not accurately disclose their industry relationships.
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.
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 career coaches have observed a downward trend for physicians' incomes.
Congressional cuts to Medicaid have made it increasingly difficult for patient-centered medical homes to operate.
Costs associated with low-cost, low-value health services nearly twice as high as high-cost services
In order assist physicians considering joining a physician-led integrated health system, a guide has been created.
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.
Immediate or delayed differences in adverse event rates were seen after generic commercialization of 3 antihypertensive drugs.
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.
One area to that requires particular attention is investments physicians need to make in their staff.
Monopoly periods for brand-name prescription drug markets are usually defined by patents and regulatory exclusivity earned at the time of FDA approval.
Embezzlement is widespread among medical practices, and knowing the warning signs is helpful for preventing it.
For low-income adults, participation in the Supplemental Nutrition Assistance Program is associated with a reduction in health care expenditures.
In highly concentrated markets, hospital admission, cardiologist, radiologist, and oncologist visit prices were lower.
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.
Most physicians on Twitter with a financial conflict of interest and frequent tweets mention specific drugs for which they have a conflict with.
FCOI disclosure forms tailored to the content of the clinical practice guidelines with narrow, detailed questions, provided more complete FCOI declarations.
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.
Prior exposure to financial incentives and public reporting is significantly associated with physician participation in Medicare Accountable Care Organization programs
Familiarity with current contracts and knowing how to negotiate better ones can be crucial to boosting your income.
Better inventory control, group purchasing, and used medical equipment are all ways to cut down medical office costs.
Certification exams fees contributed to approximately 87.7% of the revenue and 21.3% of the expenses of ABMS member boards.
Approximately 77% of physician specialties experienced increases in compensation in 2016, with an overall weighted average increase of 2.9%.
Penalties were supported by 41% of physician recipients of clinical vignette describing harms to patient.
Even relatively small payments appear to make a difference, researchers say.
"It seems plausible that very large payments warrant greater concern about conflict of interest causing bias and undue influence."
Education concerning cost could improve efficiency and decrease costs, researchers say.
Strategies to save for retirement should be adapted through different stages of a physicians' careers.
Medical groups may need to address such issues as claims denials and failure to obtain prior authorization.
The alternative model includes global payments, fee-for-service, and incentive pay.
Three new resources help physicians that are already participating and who are considering a Merit-based Incentive Payment System.
Market share for brand-name drugs were down at hospitals with sales restrictions.
A new bill aimed specifically at limiting medical liability was passed by Congress on March 1, 2017.
In serious breach cases, the HHS Office for Civil Rights may impose CAPs to prevent breaches from recurring.
An interview with medical malpractice expert, Michelle Mello, JD, PhD.
This new approach pays providers based on quality, value, and results delivered, but questions still remain.
Implementation of policy by Texas Medicaid has led to a reduction in early delivery rates by up to 14%.
There was a significant annual, per-beneficiary spending difference for physicians trained in high- and low-cost HSAs.
There was an increase in mean compensation amounts and percentage of paid claims exceeding $1 million.
Overall, 71.8% of residents rated their financial literacy at or below average.
An expert Q&A with Valora Gurganious, MBA, CHBC, on how physicians can maximize revenue and stay ahead of payors' attempts to cut reimbursement.
Small practices with one or two physicians have lower overall spending than large practices.
Strategies include limiting tasks to those that require medical license and streamlining portal messages.
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.
Providers can be sued for HIPAA violations related to breaches of protected health information.
A study suggests that female physicians use fewer codes than their male counterparts, resulting in a reimbursement gap.
Opportunities for compensation and improved life-work balance were the most important factors.
There were substantial improvements that were proposed for care coordination and planning for primary care physicians.
This study shows that health-related quality of life is correlated with financial toxicity in cancer patients.
These strategies include documenting everything, being transparent with patients and showing empathy.
Dermatologists receive variations in nature and amount of payments from pharmaceutical companies, with the top 1% receiving at least $93,622.
Tax incentives are being offered to physicians in Maryland, Colorado and Georgia to serve as preceptors to medical students.
Physician costs on health IT increased by 40% between 2009 and 2015 and are expected to continue increasing.
Follow these money saving tips to help manage and save your money.
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.
This report discusses some things female physicians should be aware about when addressing the gap in income compared to their male colleagues.
A recent study has estimated the capitated payment breakeven rate for a mid-sized pediatric practice.
After Medicare reimbursement reviews, female specialists in the US are found to receive far less than males.
It's a strange new world for physicians.
Looking for a new job as a health care professional? Here are some quick tips that may help.
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.
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.
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.
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.