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5 Responses

1. Caroline, on May 13, 2012 at 12:22 PM said:

   Physician Misconduct Showing Up on the Internet

   A new poll of medical boards reports online professional violations by doctors:

   http://health.msn.com/medications/physician-misconduct-showing-up-on-the-internet-survey-1

   What the fudge!

   Caroline

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2. Ann Miller RN MHA, on July 3, 2012 at 12:07 AM said:

   Managing finances tops list of practice concerns

   Newly released research from MGMA-ACMPE reinforces the dominance of financial and regulatory concerns among the day-to-day challenges faced by medical practice professionals.

   http://www.physbiztech.com/news/practices-must-surmount-daily-financial-and-regulatory-challenges

   The association for administrators and group practice leaders based its findings on 1,252 responses to its fifth annual “Medical Practice Today: What members have to say” survey.

   Ann Miller RN MHA

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3. Ann Miller RN MHA, on July 3, 2012 at 10:03 AM said:

   Medicare Pay Woes are Medical Practices’ Top Challenge: Survey

   The sustainable growth-rate formula calls for slashing physician Medicare payments by more than 30% on Jan. 1, 2013. Uncertainty over whether that cut will take effect is the No. 1 concern of medical practice managers, according to the MGMA-ACMPE’s fifth annual survey on the challenges of running a group practice. The MGMA-ACMPE, formerly the Medical Group Management Association, invited its members via e-mail to participate in an online survey ranking 54 daily challenges on a five-point scale. The 1,252 respondents identified “managing finances with the uncertainty of Medicare reimbursement rates” as their most intense daily professional challenge.

   Other top five challenges for medical practice managers included preparing for payment models that “place a greater share of financial risk on the practice,” preparing for the transition to the ICD-10 diagnostic and procedural codes, rising expenses, and participating in the federal incentive program for the meaningful use of electronic health-record systems.

   Source: Andis Robezieks, Modern Healthcare [6/26/12]

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4. Bishop, on July 3, 2012 at 3:08 PM said:

   26% of Small Practices May Close – Survey Says

   One third of physicians in small group practices who responded to a recent survey expect their 2012 income to fall below what they earned last year. Financial pressures could have a devastating effect on physicians in practices of 10 or fewer participants: 26% surveyed said they might have to close their practice within the next 12 months.

   “The survey was emailed in April to a random selection of 15,000 of the 200,000 physicians who are registered members of MDLinx, a medical news website, and 673 responded,” a spokesman told Medscape Medical News.

   A total of 49% of small practice physicians reported cutting staff and services to reduce operating expenses.

   Despite such measures, 23% said they have used personal savings, and 20% have had to borrow money to cover expenses.

   Source: Susan Jaffe, Medscape News [7/2/12]

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5. Hope Rachel Hetico RN MHA CMP™, on July 4, 2012 at 12:03 PM said:

   FINANCIAL PLANNING FOR PHYSICIANS BEST TREATED WITH PREVENTATIVE MEDICINE

   Protecting their wealth is paramount; acting as their personal CFO will make an advisor invaluable, says New York City based financial planner Nadene Salzman.

   http://www.fa-mag.com/online-extras/11507-financial-planning-best-treated-with-preventative-medicine.html

   But, there is so much more! I guess she never heard of the Certified Medical Planner™ online education and certification program.

   Hope Rachel Hetico RN MHA CMP™
   http://www.CertifiedMedicalPlanner.org
   [Online Professor]

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