Culture Change in Nursing Homes

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Commonwealth Fund Survey of Nursing Homes

[Staff Reporters]

The “medical culture change” movement is working to radically transform nursing home care, and help facilities transition from institutions to home.

Survey Highlights

The following highlights just a few of the findings from the Commonwealth Fund 2007 National Survey of Nursing Homes report, released in May 2008:. 

  • Fifty-eight percent of culture change adopters allow residents to determine their own schedules, compared with only 22 percent of traditional nursing homes.
  • Nearly two-thirds (64%) of culture change adopters implement bathing practices that are more resident-centered, while only 37 percent of traditional nursing homes do so.
  • Seven of 10 culture change adopters reported that residents are involved in decisions about their facility, but only one-quarter of traditional nursing homes (27%) involve residents in such decisions. 

Source: M. M. Doty, M. J. Koren, and E. L. Sturla: Culture Change in Nursing Homes: How Far Have We Come? Findings From The Commonwealth Fund 2007 National Survey of Nursing Homes, The Commonwealth Fund, May 2008 http://www.commonwealthfund.org

Conclusion

In any case, early planning is the key to supporting both your kids’ futures and your retirement. Making logical college funding decisions, rather than emotional ones, creates a win/win for everyone.

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MD Compensation and Benchmarking Tools

MGMA and ValueSource Release Software

Staff Reporters

Free online compensation and productivity benchmarking tools for physician practices are now available from ValueSource Software and the Medical Group Management Association [MGMA].

Dashboards in the Cloud

The two web-based [internet computing] dashboards enable physicians and group practices to enter a few easy-to-find variables about physician compensation, and production and costs, and then compare themselves to national norms. Practice managers select their specialty from a pull-down menu, enter information about compensation, collections, gross charges, ambulatory encounters, surgery/anesthesia cases, and work RVUs, etc.

Assessment

The internet based cloud dashboards compare that data to national norms and produce a series of six gauges that measure physician performance in specific areas.

Conclusion

Please opine if you have used these new tools in your practice, clinic or hospital setting; and tell us what you think. Your review and evaluation is appreciated and will assist Executive-Post readers.

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Healthcare Organizations: www.HealthcareFinancials.com

Health Administration Terms: www.HealthDictionarySeries.com

Physician Advisors: www.CertifiedMedicalPlanner.com

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Medical Cultural Disparity

A Real or Perceived Contemporary Concept?

Staff Writers

Question

Joseph R. Betancourt, MD, MPH, director of The Disparities Solutions Center at Massachusetts General Hospital [www.massgeneral.org/disparitiessolutions] was asked during a recent interview with Physician’s News Digest how he defined the emerging concept of “medical cultural competency.”

Answer

He replied that he viewed it as basically an “expansion of patient-centered care,” which he said is characterized by the physician’s awareness of and agreement with “the need to be attentive to the health beliefs, values and perspectives of the patient.”

Conclusion

And so, is this the same or different from participatory or collaborative Healthcare 2.0.

Your opinions and comments are appreciated.

Related Information Sources:

Practice Management: http://www.springerpub.com/prod.aspx?prod_id=23759

Physician Financial Planning: http://www.jbpub.com/catalog/0763745790

Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

Healthcare Organizations: www.HealthcareFinancials.com

Health Administration Terms: www.HealthDictionarySeries.com

Physician Advisors: www.CertifiedMedicalPlanner.com

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CRNA Salaries Rise – Exceed Some MDs

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Merritt Hawkins & Associates Study  

[Staff Reporters56399869]

Some nurses land higher salaries than primary care doctors, according to staffing firm Merritt Hawkins & Associates.

The Survey 

In the past year, nurse anesthetists recruited through the staffing firm Merritt Hawkins & Associates, landed salaries that averaged $185,000; compared to the pay for family practice doctors hired through the firm, who averaged $172,000; and internists, who averaged $176,000; according to a Wall Street Journal report, on June 18, 2008.

Assessment

The Merritt Hawkins figures for the nurses are higher than some other sources, like the Medical Group Management Association. The MGMA also tracks health care salaries and puts nurse anesthetists’ median compensation at $140,000 per year. The discrepancy may be because fewer employers go through recruiters to hire the nurses, and those who do are willing to pay top dollar.

Related Information Sources

Medical Assistant Job Description: Learn about the salaries of those who assist with medical procedures: http://www.medicalassistantschools.org/what-does-a-medical-assistant-do/

Conclusion

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Concierge Medical Practice Fee-Setting

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Pricing Decisions for Medical Providers

Dr. David Edward Marcinko; MBA, CMP™

[Publisher-in-Chief]

dem21

Professional fee-setting and related pricing decisions for a concierge medical practice, like most businesses rather than most medical-entities, is complex and will significantly affect the doctor’s profits.

New Markets

When a concierge medical practice is first introduced into a local market, the physician-executive must make a choice between charging higher fees in order to recoup practice launch and development costs quickly; or charging lower fees and/or annual retainer subscriptions and extending his/her losses into the growth stage of the practice’s life-cycle. 

This is why consultants and franchisor’s suggest that it may be better to convert an existing practice in-situ, to a concierge model; than start the concierge practice from de-novo, scratch. Nevertheless, the choice should be a conscious one; rather than automatically made by default.

And, the decision will depend upon how target patients are expected to view the practice and its carefully selected medical services. 

Premium Pricing Strategy

If there is “premium-status or swagger” attached to concierge medical practice ownership, then a “price-skimming” approach might be used.  Price skimming, by definition, means setting initial professional fees high in order to achieve profits sooner; and then lowering them as the practice matures. Doctors who use this strategy will experience profits during the introductory stage of the concierge practice’s life cycle, and then reap organizational and operational economies of scale, down-line.

Early Adopter Strategy

If status is not an issue, the doctor may decide to charge lower fees in an attempt to achieve more rapid market local penetration and faster movement into the more profitable early-adopter stage.

A word of warning! If you set initial fees much lower than a price you can maintain and still make a profit, or have adequate working-capital set aside, it is imperative that you make the patient-subscriber aware of the fact that this initial low price is a special promotion that will be increased when over. Patients do not react very positively to unexpected large price increases and may believe the doctor is simply engaging in gouging activity.

Competition

If a doctor has competitors in the local marketplace, s/he can price services above, equal to, or below them.

Fees above one’s competitors implies that services are superior and deserve higher fees; while pricing below the competition level can imply the doctor is proving extra-value to patients in terms of cost-savings.

Pricing at the competitive level is the hardest strategy to follow for any concierge medical practice, but is the only appropriate one in an environment of pure competition. This is typically not yet the case for CM in most areas, to-date.

Assessment

Before settling on a specific fee schedule for your practice, make sure that you know the type of competitive environment that surrounds you and whether demand for your concierge medical services is elastic or inelastic.

Conclusion

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Physician Buy-Sell Agreements

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A Details Checklist

[By Staff Reporters]biz-book3

All medical practice and other business agreements that dictate what happens to a physician’s property should be addressed in a document called a “buy-sell agreement.”  

Definition 

A buy-sell agreement stipulates what would happen to your medical practice should you die, become disabled, leave, or wish to retire. The agreement states that your partner or partners will buy your interest upon your death and stipulates that your estate will sell your interest. It is a binding agreement to both parties. 

Its’ structure with differing model types, has been addressed in the Executive-Post previously, by Lawrence E. Howes CFP™ and Joel B. Javer; CFP™. 

Link: https://healthcarefinancials.wordpress.com/2008/02/06/medical-practice-buy-sell-agreements

But now, the following check-list is submitted for consideration, as this very personal document is created after reviewing the following issues, and more: 

Checklist:

A buy-sell agreement should address at least the following events:

  • Death of doctor,
  • Disability of doctor,
  • Retirement of doctor,
  • Voluntary or involuntary termination of doctor,
  • Number of disability-months required for physician to give up ownership in the practice,
  • Age requirements to retire from the group (for example, to qualify for retirement, a physician must be at least 62 years old; otherwise the withdrawal is considered voluntary),
  • In the case of a voluntary withdrawal, agreement specifies how much notice is required,
  • In the case of a voluntary withdrawal, agreement specifies whether there will be penalties to the buy-out price if the owner forms a competing practice, joins a competing practice, or violates the employment contract,
  • In the case of an involuntary withdrawal, agreement specifies how much notice is required,
  • Agreement specifies the required vote to admit a new physician into the group,
  • Reasonableness of the buy-out price of an ownership interest has been reviewed,
  • If the buy-out price is to be based on an appraised value, the qualifications of the appraiser have been assessed,
  • Agreement specifies, based on the current practice environment, whether goodwill should be paid to a departing owner,
  • The manner in which the buy-out price will be paid has been established and reviewed,
  • The tax consequences of the buy-out provisions have been reviewed,
  • The buy-out amount has been calculated for each owner using the current formula in the agreement,
  • Each owner has reviewed the calculations,
  • All parties agree to the reasonableness of the buy-out amounts.

Assessment

What else should or could be included in the above checklist; please comment and opine?

Conclusion

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Crafting a Medical Practice Mission Statement

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Solidifying Guiding Principles

By Dr. David Edward Marcinko; MBA, CMP™

[Publisher-in-Chiefbiz-book]

The mission statement is an important and fundamental document that reminds doctor’s why they are in medical practice. This document reflects the physician-executive’s beliefs about life, practice, patients, employees, reimbursement and medical vendors. It serves as a guide for him or her to make choices about how to allocate time and medical practice resources.

Essential Elements

There are no firm rules about what a medical practice mission statement should contain or how long it should be.

For some doctors, a succinct statement is appropriate; for others, it may take two to four pages to capture the mission. However, the critical element in every mission statement is the physician-executive’s belief that he or she can uphold every principal in the statement.

Prepare and Revise

To help doctors prepare or revise a mission statement, they should create a list of things that make their patients, practice and employees unique, and then incorporate them into the statement.

Some doctors prepare multi-page mission statements that include up-to-date biographies, along with a list of personal commitments and a vision for the future.

Others write a paragraph or two on their beliefs, goals and practice philosophy, detailing how they plan to hold themselves accountable to their mission statement.

Mission Statement Elements

Here are some other important elements of any medical practice mission statement: 

  • It should include both a local vision with global beliefs, because this view helps keep things in perspective when patients get caught-up in their day-to-day business and personal lives; and healthcare needs.
  • A mission statement should include steps that support the doctor’s vision. These steps can be written in either a list format or incorporated in paragraph form. It is sometimes important to commit to specific facts, figures, or goals in your mission statement. Mission statements are designed to communicate principal beliefs and ideals, but a statement of specific goals and outcomes should be included as well, to suit the doctor’s purpose and patient’s needs.
  • It must be stable, yet flexible. Because a mission statement is about who the doctor is and what he or she believes, the core elements should remain relativity stable. However, as patients and doctors age, medical care philosophy and needs may change. Doctors should review their mission statements annually and revise them to accommodate any new principles, patient needs or beliefs.
  • A mission statement should inspire. Doctor’s mission statements should inspire and motivate potential patients. This is the most important criterion, so have sample patients look at the document and see if it inspires him or her and the family around the practice. They also should be able to return to their mission statements for guidance about how they want to manage their own healthcare.
  • A mission statement should also inspire the doctor to do their best professionally. A doctor’s mission statements will have no real value unless it inspires and motivates; internally and externally.
  • Finally, a mission statement should include a vision of what the doctor’s practice wants to become. A mission statement should state practice ideals, not current reality. This is a statement about who the doctor wants his patient to become too—and not necessarily what the patient’s health is today. For example: what characteristics does the patient need to improve [blood pressure, weight, cholesterol levels, skin appearance, cardiac output, oral hygiene, etc] for overall health and physical well-being?

Assessment

Remember, a mission statement serves as a guide only if the doctor commits to making it a part of his or her medical practice.

Conclusion

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Majority-Minority Relationships in Practice Appraisals

Disparate Principles Affect Medical Practice Worth

Dr. David Edward Marcinko; MBA, CMP™

[Publisher-in-Chief]

Did you know that majority shareholder-doctors in a medical practice have a fiduciary obligation to minority shareholders-doctors?

Actions Scrutinized

Yes, it’s true. In fact a minority medical practice owner is entitled to scrutinize every action made by the majority owner. In particular, majority shareholders have fiduciary obligations to minority shareholders. The majority owner physician cannot favor his or her best interests over the best interests of either the business or the minority shareholders. Often, however, the majority’s actions are supported by the business judgment rule.

Business Judgment Rule

Under the business judgment rule, the majority’s good faith decisions regarding management or governance of the practice business-entity are presumed to be valid. However, acts of self-dealing and self-preference shift the burden of proof concerning the fairness of certain decisions back to the majority shareholders. Disagreements often arise when the majority decides to sell all of the practice’s business’s assets.

Sale of Assets

In a sale of assets, the only recourse of the minority shareholder physician may be to exercise dissenter’s rights concerning the fairness of the purchase price. The minority usually cannot block such a transaction. However, if the minority owns more than 10%, some states can make it difficult for the majority to squeeze out the minority.

In most cases, the minority will be unsuccessful in getting a higher price if they are squeezed out unless the majority is receiving special additional payments (non-competition agreements or medical consulting clauses).

If the minority cannot be squeezed out, they can block any sale (20% ownership may be sufficient to block a sale).

Minority owners may attempt to expand their rights to participate in the affairs of a practice in a manner disproportionate to the ownership rights.

Purchase of Additional Shares

If the majority shareholder buys additional shares when capital is needed, the minority will be diluted. In this case, the minority may challenge the purchase price or seek to have a bank loan expanded, for example.

Compensation

Salaries and bonuses are also subject to fiduciary obligations. Disagreement can arise if minority shareholders believe compensation for their services (as opposed to share ownership) is too low.

Assessment

Although some young doctors are not even aware of majority-minority shareholder disparities, other areas of dispute include new practice opportunities and retaining and compensating key employees. In addition, expansion through acquisition is often a disputed subject.

Conclusion

Your comments are appreciated as either a mature [majority shareholder], or emerging new [minority shareholder] physician. And, please be sure to tell us about your experiences, good or bad.

Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com  

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Survey on Convenient Care Medical Clinics

Possible Solution to the Healthcare Dilemma?

Staff Reporters

Another new survey suggests that convenient care medical clinics (CCMCs) could be a potential solution to health care issues, if fears can be alleviated; at least in the Keystone State.

The Survey

The survey by Widener University in Elder Pennsylvania, found that while baby-boomers aged 43 to 64 were most interested in using these clinics, many also expressed concerns regarding the quality of care likely to be delivered.

Aged played a significant role in a person’s likelihood of using a CCMC: among respondents aged 43 to 49, more than half (54 percent) were very likely or somewhat likely to use the clinics, while that number dropped to a mere 25 percent among those over 80 years of age.

Assessment

Access to health insurance influences an individual’s likelihood of using a CCMC: the percentage of respondents who were very likely or somewhat likely to use a CCMC was higher among individuals without health care insurance, than among those with insurance (65 percent versus 40 percent).

Women in the survey indicated they were very likely to worry about misdiagnosis (25 percent), yet they were more inclined to use these types of facilities than men (43 percent versus 37 percent).

Please visit related Executive-Posts for more information on this emerging topic.

Conclusion

Your thoughts and comments on the above survey are appreciated? Is the CCMC concept revolutionary, or merely evolutionary, and how do DNPs fit in the model?

Related Information Sources:

Practice Management: http://www.springerpub.com/prod.aspx?prod_id=23759

Physician Financial Planning: http://www.jbpub.com/catalog/0763745790

Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

Healthcare Organizations: www.HealthcareFinancials.com

Health Administration Terms: www.HealthDictionarySeries.com

Physician Advisors: www.CertifiedMedicalPlanner.com

Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com  or Bio: www.stpub.com/pubs/authors/MARCINKO.htm

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New Hospital Rating Service

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Consumers Union

[By Staff Reporters]Hospital Access Management

The nonprofit Consumers Union is launching a new hospital ratings service, adding to the growing competition to provide online consumer information about health care, as reported in the Wall Street Journal.

A Consumer Reports Publication

The effort, by the publisher of Consumer Reports magazine, is a gamble that the credibility of the magazine’s name and its no-advertising stance can translate into the field of health care.

Of course, it is no secret that doctors and other medical providers have objected to some evaluations proposed previously, by insurers and others,

Content and Functionality

The online hospital service will include about 3,000 facilities, and consumers will be able to view a graph showing how intensely each hospital treats patients, on a scale from zero for the most conservative, to 100 for the most aggressive.

Intensity of care is based on time spent in the hospital and the number of doctor visits, while the index reflects the hospital’s handling of nine serious conditions, including cancer and heart failure when it treats patients in the last two years of life.

Assessment

The new Consumer Reports online offering will also include a dollar figure that reflects an average out-of-pocket cost for doctor visits during the last two years of life, for the nine listed conditions, though that doesn’t match up to the charge for any particular service.

Link: http://www.consumerreports.org/health/home.htm

Conclusion

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Meet an Executive-Post Sponsor

Certified Medical Planner™ program

The Executive-Post at www.HealthcareFinancials.com is now proudly sponsored, in-part, by the Certified Medical Planner program. This asynchronous online educational program is the leading provider of health economics and medical management information for financial advisors and medical business consultants. And, it is authorized to license and monitor the Certified Medical Planner™ certification mark of professional distinction.

With the addition of fiduciary requirements to the Certified Financial Planner’s® Board’s Standard of Professional Conduct, the adoption of the Pension Protection Act [PPA] and the vacating of the broker-dealer exemption, the need for health economics education in the physician advisory space is at an all-time high.

The online Certified Medical Plannerprogram imparts the healthcare specificity – physician focused financial planning knowledge – and the integrated medical practice management expertise that is needed to help devise solutions and raise the bar of advisory competence and accountability for all those serving medical professionals in the modern era. 

For more information, please visit: www.CertifiedMedicalPlanner.com

 

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Electronic Patients

Revolutionizing Healthcare

Staff Reporters

Included among our most popular Executive-Post topics are: medical practice valuations, Wal-Mart, DNPs, business and medical marketing plan, investments, asset returns, medical ethics, the financial services industry and various op-ed posts.

We believe however, there will soon be another very popular post, with comments on how e-patients will revolutionize healthcare!

Revolutionize Healthcare

According to Susannah Fox, by taking advantage of new online health tools, e-patients and health professionals now have the ability to create equal partnerships that enable individuals to be equipped, enabled, empowered and engaged in their health and health care decisions.

Tom Ferguson MD

At least, that that was the vision of Dr. Tom Ferguson. He coined the term e-patients and launched www.e-patients.net in 2006. At the time, Ferguson intended to upload his book-length overview of the online health revolution, “E-patients: How They Can Help Us Heal Health Care.”

Link: http://www.e-patients.net/e-Patients_White_Paper.pdf

Unfortunately however, he died a month later after losing a fifteen-year battle with multiple myeloma.

Health 2.0 Developments

Following Ferguson’s death, a group of his friends and colleagues completed the paper and adopted the blog to carry on his work, as well as their own perspectives on various Health 2.0 developments.

Assessment

We think the “E-patients” paper remains relevant in 2008, as his apostles hope to extend the findings into the future.

Wiki version: http://www.acor.org/e-patients

Conclusion

Your comments and opinions on the paper, and related matters, are appreciated.

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Patient Survey of Retail Health Clinics

One-Third Lack a Family Doctor

[Staff Reporters]Hospital Access Management

According to results of an online survey of 4,937 US adults conducted by Harris Interactive® between May 2 and 6, 2008 for the Wall Street Journal Online’s Health Industry Edition, 30% of patients who used retail-based health clinics do not have a primary care provider.

Other findings include: 

  • The use of retail-based health clinics has remained consistent over the past few years, with seven percent of US household in 2005, five percent in 2007 and again seven percent in 2008, and;
  • US adults believe retail-based healthcare clinics can provide low-cost basic services to people who cannot afford care (78%) and to anyone when doctors’ offices are closed (81%).  

Assessment

Although an increasing number of participants said they were satisfied with staff qualifications; a narrowing majority were still worried about the qualifications (65%), and the potential that serious medical problems might not be accurately diagnosed (65%).

Your thoughts and comments on this ME-P are appreciated. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, subscribe to the ME-P. It is fast, free and secure.

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Wal-Mart Health Care

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Healthcare’s New [Old] Innovative Disruption

By Dr. David Edward Marcinko; MBA, CMP™

[Publisher-in-Chief]dem2

So, the American Medical Association [AMA] couldn’t or wouldn’t do it; nor could/would the American Osteopathic Association, American Podiatric Medical Association, American Dental Association or any combination thereof.

Neither could/would Hillary Clinton in 1992, nor the US Congress, US Senate, Insurance Association of America [“Big I”], AARP, or plethora of other national organizations, medical trade unions and/or policy-makers.

One is not even sure the current crop of presidential candidates can “do it.”

What it is?

So, what am I talking about?

Why, free-market driven, non-universal [government sponsored] healthcare competitive reform; of course!

And maybe; just maybe; Wal-Mart can do-it?

The Wal-Mart Way

Look, clinics in giant wholesale stores are not new. The optometrists have been there for decades, nobly triaging and providing basic eye-care, but with a certain disdain from “real-doctors” and some patients.

But, all that is fading with the dearth of family practitioners, and rise of on-site and walk-in retail clinics staffed with nurse practitioners, Doctor-Nurse Practitioners [DNPs] and the like. The movement is both gaining traction as well as gravitas. And, the medical kiosks are increasingly being staffed by physicians.

Moreover, with the economy flagging, cheap generic drugs available, convenient hours and locations in many stores, electronic medical records, consumer directed health plans with high-deductibles and private paying patients; Wal-Mart may just have the marketing power to provide some modicum of basic healthcare for many of our nation’s uninsured, or under-insured.

And, imbued with the belief that capitalism always finds a way to wring out marketplace excesses in any industry – albeit slowly – I call the initiative “a perfect-storm of market-place reform.”

Vilfredo Pareto – ReDeux

Perhaps, by being so huge, Wal-Mart understands Pareto’s Law and realizes that many patients get better because-of, or in spite-of, the doctor’s intervention. This was the original promise of managed care that went awry; differentiating and treating the trivial many ills – from the vital few serious diseases.

The Pareto principle (also known as the 80-20 rule, the law of the vital few and the principle of factor scarcity) states that, for many events, 80% of the effects come from 20% of the causes. Business management thinker Joseph M. Juran suggested the principle and named it after Italian economist Vilfredo Pareto, who observed that 80% of income in Italy went to 20% of the population. It is a common benchmark in business; e.g., “80% of sales come from 20% of clients.”

Wal-Mart has studied the market and knows where the price and break-points are.

And, when 80% of healthcare expenditures are spent in the last 12 months of life, maybe there really is a better way; The Wal-Mart Way.    

Assessment

And Wal-Mart isn’t stopping here. In April, it opened the first of its walk-in health clinics in stores in Atlanta, Dallas and Little Rock, Ark. This joint venture with local hospitals will build up the almost 80 clinics already in place in Wal-Mart stores. The goal is 400 co-branded clinics by 2010.

Wouldn’t Sam, and I don’t mean “Uncle”, be proud of the above accomplishments?

Conclusion

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Stemming the Primary Care Exodus with DNPs

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Doctor of Nurse Practice – Filling the Void

Dr. David Edward Marcinko; MBA, CMP™

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As the shortage of family doctors and primary-care physicians mount, and the domestic uninsured problem exacerbates to > 40 million uninsured Americans, the nursing profession is stepping up-to-the-plate by offering one possible solution to healthcare reform.

Cause and Effect

And, it is not happing because of managed care cost constraints, medical benefit rationing or reductions, or any other draconian or political machination. Rather, it’s happening because nurses are taking medicine back to its root-core constituency – patients. 

In fact, according to leading industry expert and adjunct professor of healthcare administration Hope Rachel Hetico RN, MHA, CPHQ, CMP™ of Atlanta, it’s more like a cause-effect relationship. “Patients with a problem – are seeking solutions; and it doesn’t get more basic than that”, says Hetico.

Not a New Concept

The “doctor-nurse” concept is not revolutionary by any means, opines Hetico. But, it is the “new formalized execution and marketplace acceptance that is very exiting.”  And, “the nurse-as-doctor concept is a natural evolution of the nurse practitioner-model which, after a slow start, is finally taking off to the benefit of patients and physicians, alike.”

The “growing success of retail and on-site medical clinics, increased pricing transparency, and related consumer directed health care plan initiatives was the real impetus; and now there is no looking back.”

The Future of DNPs?

For example, by the year 2015, the Doctor of Nurse Practice (DNP) program will be recognized by the accrediting body of the American Association of Colleges of Nursing (AACN), which oversees schools that offer advanced degrees to nurse-practitioners such as, nurse anesthetists (CRNAs), clinical nurse specialists and nurse midwives, etc.

And, according to Christopher Guadagnino PhD, of the Physicians News Digest, the National Board of Medical Examiners (NBME) will begin offering part of the United States Medical Licensing Examination (USMLE) – the physicians’ medical board examination – as certification proof of DNPs’ advanced training.

Passing that exam is “intended to provide further evidence to the public that DNP certification holders are qualified to provide comprehensive patient care,” according to the Council for the Advancement of Comprehensive Care (CACC); a consortium of academic and health policy leaders promoting the clinical doctoral degree for primary care nurses.

The Nay-Sayers

Of course, nurse practitioners (NPs) poised for expanded clinical practice opportunities inevitably raise concerns about medical quality and safety of care. And, some physician groups warn that blurring the line between doctors and nurses will only confuse patients and jeopardize care.

Still, that hasn’t seemed to have happened with other limited licensed medical specialists, like podiatrists [Doctors of Podiatric Medicine] who may prescribe medications, admit patients to the hospital, cover the emergency room and perform sophisticated bone, tendon and soft tissue reconstructive surgical procedures; after four years of college, post-baccalaureate matriculation in a 4 year podiatric medical school, with an additional 1-4 years of internship, residency and/or fellowship training.

The “entrenched traditional system is self-centered, bureaucratic and very patronizing in some cases. It just doesn’t want to share power or give patients much credit for their own care in the contemporary and collaborative healthcare zeitgeist”, says Hetico.

Nurses with doctorates may also use the imprimatur DrNP after their name, and the titular designation of “Doctor”, as well. Physician groups want DNPs to be required to clearly state to patients, and prospective students, that they are not Medical Doctors [MDs] -or- Doctors of Osteopathic Medicine [DOs] who seemed to have negotiated the nomenclature divide.

Changing the “Codes”

Reality may have outpaced the debate over these issues however, given the intensifying shortage of first-line primary care providers, family practitioners and internists. Moreover, the possible causes for the shortage are both obvious, and subtle.

As noted by industry analyst Brian Klepper, at Health Care Renewal, and Dr. Roy Poses, a Clinical Associate Professor at Brown University’s School of Medicine opine, economics may play a major role in the debate on the dearth of primary care physicians. Moreover, perhaps an overall re-assessment of the CPT® coding systems and the primary medical compensation system is even in order, and more than partially blamed as causative.

For example, there is often a financial conflict in the advisory relationship that the Center for Medical and Medicaid Services (CMS) uses with the American Medical Association’s (AMA’s) Relative Value Scale Update Committee (RUC). Essentially, according to Klepper and Poses, the RUC is overwhelmingly dominated by specialists, who have consistently urged CMS to increase specialty reimbursement at the expense of primary care.

Link: http://www.thehealthcareblog.com/the_health_care_blog/2008/05/more-on-physici.html

Questionable Specialists

Yet, if perception is reality, whether patients actually benefit from some highly-paid surgical specialists, and their elective interventions and surgeries, is certainly debatable.

As an example, the recent May 2008 lay article published in PARADE magazine by Dr. Ranit Mishori, suggested that more than a few surgeries like knee arthroscopy, certain back and sinus procedures are not only often un-necessary, but economically motivated. This is not an epiphany to those in the industry, or outside its realm, anymore. 

Why?

Therefore, is it any wonder why over the last five years the percent of medical school graduates entering family practice has dropped from 14 percent to 8 percent? Or, why only 25 percent of internal medicine residents now go into office-based practice; with the rest becoming hospitalists or sub-specialists.

Moreover, is another private insurance/Medicare paid knee scope really esteem-enhancing or self-actualizing for the operating surgeon? Or, is it demoralizing to perform same for mere “lucre.”

Now, ask the same question to a DNP treating a private pay diabetic patient, or an uninsured pediatric patient, or an elderly senior citizen.

Where is the “justice”, some may cry?

Thus, one can hardly blame the DNPs if Paretto’s 80/20 law of reason is pursed as at least partial help in the current healthcare insurance crisis conundrum. Perhaps, it really is better to treat 80% of the many patients appropriately with doctor-nurses; than 20% of the vital few patients inappropriately with super-specialty care?

Philosophical Considerations

Now however, based on the above thoughts, we are entering into the realm of philosophy, moral introspection, theology, ontology debate and – even religion – as these ruminations include many diverse points-of-view, like the following among others:

  • Utilitarians, who argue for medical resource distribution based on achieving the “greatest good for the greatest number of patients.”
  • Libertarians, who believe that recipients of medical resources should be those patients who have made the greatest contributions to the production of those resources – a free market approach to distribution.
  • Egalitarians, which support the distribution of medical resources based on the greatest patient need, irrespective of contribution or other considerations. 

Consequently, developing a system of access based on such “justice” is fraught with enormous difficulty.

Industry Innovation and Redemption

Disruptive innovations are often considered simplistic, and compared to toys when they first emerge (remember the first Apple computer?). But, there may be no stopping DNPs from making their healthcare services more collaborative, useful, convenient, electronic and affordable to the patient. 

Redemption, and dare I say it; salvation of the healthcare industrial complex depends on such innovation and change. And, the industry can be saved by those of this ilk, but change requires courage. Proponents of the DNP program exhibit the requisite courage, but do the rest of the industry? The lives of our patients, and more than 40 million currently under/uninsured Americans, may just depend on it.

Assessment

Today, patients, payers, employers and all web-enable and modern 2.0 healthcare workforce stakeholders demand collaboration between doctors, NPs, other medical professionals, and all physician specialists. In fact, it is becoming the rule, rather than the exception, in an increasingly transparent and accountable society.

So, what do you think about this increased market-competition in healthcare generally, and with DNPs in particular; please comment and opine?

Conclusion

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Pre-Noon Patient Discharges

Improving Emergency Department Flow
Dr. David Edward Marcinko; MBA, CMP™

Publisher-in-Chief

We all know that hospitals across the US are struggling to figure out how to get patients through the emergency department [ED] quickly, safely and efficiently.

In fact, this and related issues were eloquently and contemporaneously addressed by Dr. Robert Wachter of UCSF [Average Time of Discharge: Why a Hospital is Not a Hilton]. Link: www.thehealthcareblog.com/the_health_care_blog/2008/03/average-time-of.html].

I also opined as an occasional ED, but more frequent, hospital admitter [Of Hospitals and Hotels]. Link: https://healthcarefinancials.wordpress.com/2008/04/05/of-hospitals-and-hotels

The problem, of course, has been institutionally endemic for the past thirty years, or so.   

New Study

Now, a new study suggests that one way to get patients through the ED is to make more inpatient beds available by seeing that inpatients are discharged before 12 noon.

Much like the hotel industry, this is but one of several low-cost solutions recommended by the American College of Emergency Physicians [ACEP] to cut down on ED boarding.

Assessment

Duh! Like we didn’t think of that one before?

Conclusion

Your comments and experienced opinions are appreciated?

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Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

Healthcare Organizations: www.HealthcareFinancials.com

Health Administration Terms: www.HealthDictionarySeries.com

Physician Advisors: www.CertifiedMedicalPlanner.com

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Evidence Based Medicine

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Emerging EBM Trends

[By Prof. Hope Rachel Hetico; RN, MHA, CMP™]

Prof. Hetico

The next emerging trend in healthcare is evidence-based medicine. EBM offers the promise of improving the quality of clinical services and reducing costs.

Definition

Evidence Based Medicine may be defined as the use of any techniques from science, engineering, risk-management and meta-statistics analysis – to medical literature reviews and randomized controlled trials – in order to aim for the ideal.

According to healthcare economist and Assistant Professor Gregory Ginn PhD, MEd, CPA of the UNLV, this “ideal” represents the philosophy that medical professionals make “conscientious, explicit, and judicious use of current best evidence” in everyday clinical practice.

Historical Review

Some pundits argue that EBM is a trend that will prevail for the foreseeable future. In the past, standards of care were often set by panels of experts. Today, however, there is a greater demand for empirical evidence to establish the efficacy of clinical protocols.

Achievements

EBM can directly affect quality and financial performance because it facilitates the elimination of therapies that cannot be demonstrated to be effective.

For example, EBM can reduce a hospital’s prescription drug costs. Evidence-based medicine may also affect operations management if it shows that multiple approaches to treatment can be efficacious.

Of course, in order to accommodate different modalities of treatment, hospitals will need more sophisticated health information technology systems [HITS] that allow for data integration.

Assessment

EBM may also be used to support another trend, the development of alternative and complementary medicine.

Conclusion

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Reimbursing Acute Care Episodes

A Proposed New ACE Payment Scheme

Staff Writers

Did you know that the Centers for Medicare & Medicaid Services [CMS] announced a planned demonstration project last week that would combine payments for both hospital and physician services for a select number of episodes of care? Its intent is to determine if such an approach will be more efficient and improve the quality of care.

The ACE Project

The project, called the Acute Care Episode demonstration, will test whether a global payment will better align the incentives for both types of providers leading to better quality and greater efficiency; beginning in January 2009.

Assessment

Currently, CMS pays the hospital a single prospectively determined amount under the inpatient prospective payment system [IPPS] for all care given to an inpatient. Physicians who provide other care to patients are paid separately – accordingly to the Medicare physician fee schedule – for each service they perform.

Conclusion
Loading story…

And so, CMS wants to test whether an approach of bundling payment for both hospital and physician services will work! What do you think; please opine?

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Healthcare Organizations: www.HealthcareFinancials.com

Health Administration Terms: www.HealthDictionarySeries.com

Physician Advisors: www.CertifiedMedicalPlanner.com

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Improving Patient Communications

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Managed Care Ethical Considerations

By Render S. Davis; MHA, CHE

In contemporary medicine, and managed care, ethical dilemmas in communications are increasingly common and may come in many different forms. For example:
  • Physician’s failing to communicate necessary clinical information to patients in terms and language the patients can truly understand;
  • Physicians’ offering only limited treatment choices to patients because alternatives may not be covered by the patient’s insurance plan;
  • Failures to disclose financial incentives and other payment arrangements that may influence the physician’s treatment recommendations;
  • Time constraints that limit opportunities for in-depth discussions between patients and their doctors; and,
  • The lack of a continuing relationship between the patient and physician that would foster open communications; etc.             

me-p

Assessment

Most so-called “gag clauses,” implemented by some managed care organizations to prohibit physicians from informing their patients about non-covered treatment alternatives have been declared illegal in most states. Nevertheless, does the physician’s duty to be fully truthful and informative in patient communications, remain under suspicion? Please opine with your experiences and how we might improve.    

Channel Surfing

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Conclusion

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CMS Shells Out to Compare Hospitals

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“You show me – I’ll show you”

By Dr. David Edward Marcinko; MBA, CMP™

[Publisher-in-Chief]

The Centers for Medicare and Medicaid Services [CMS] just launched an advertising campaign to demonstrate how some patients get needed help … and how other hospitals give surgical patients antibiotics! Say what?

Site Traffic Quadruples

Yep! All told, the ads include more than 2,500 hospitals, according to the Associated Press. Of course, in true advertising fashion, the CMS wants patients to be intrigued enough by the marketing “teasers” to visit www.HospitalCompare.com when considering what hospitals to … and they used the word … “patronize.”

Publicity over changes made to the site in March 2008 helped quadruple traffic.

A Questionable Start

Reviewers and critics hale Hospital Compare with a solid enough start, but it still lacks real “quality outcome” measures.

Instead, the site measures procedures, or how well the facility follows standard guidelines. The site’s only mortality gauge for example – for heart attack and heart failure – lumps virtually all hospitals into the “normal” category, with just a handful ranked above or below them.

But, they are expected to show statewide averages for those benchmarks, sometime soon.

The Site

Hopefully, the site will begin to demonstrate the type of medical care quality review, severity rating adjustments and proper drill-down analysis that readers of the Medical Executive-Post have come to expect from the likes of our section-editor, the luminous Dr. Brent A. Metfessel MS, CMP™ (Hon). Until then, it may just be the best available information for now. And, can a Doctor Compare service be next? 

Assessment

Do you expect this type of hospital specific – and more general medical practice and industry – healthcare transparency to continue? Is it a help to patients – and providers – or just more marketing obfuscation [like being Valedictorian in your DUI school class]? Please opine.

Conclusion

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Physician’s Managed-Care Ethical Dilemma

Caring for [Retail] Patients -or- [Wholesale] Populations

By Render S. Davis; MHA, CHE

Crawford Long Hospital at Emory University

Atlanta, Georgia, USAbiz-book

In today’s health care environment, physicians face a myriad of dilemmas in their daily practice. Time constraints, diminished professional autonomy, declining incomes, explosive growth in technology, and deteriorating public trust combined with increasing public demands are only some of the most obvious problems plaguing practitioners. Although some who have been adversely impacted by these changes are quick to lay blame at the foot of “Managed Care Organizations (MCOs),” this anger may be, to some extent, misdirected.

Managed Care

While there are ample faults in managed care as it is currently practiced, its theory and principles are ethically sound. Healthcare should be “managed” – for continuity, quality, value, and optimal outcomes – regardless of the mechanisms by which the caregivers are paid.  Practicing medicine within managed care still entails obligations to care for patients and to respect their autonomy, but now providers have been placed in a disquieting role as resource managers, requiring a new approach to finding better, more cost-effective ways to meet these obligations, while being held accountable to a larger community to which the individual belongs (e.g. a health plan or employee group) for the costs incurred in delivering care. 

For example, an article in the Hastings Center Report, summed up this new approach by noting that managed care is based “…on the foundation of a philosophy of care that, however well or poorly articulated, responds to the needs of individual patients in the context of population-based mechanisms to assess needs and distribute resources…”

Current Examination

In light of the above ethical principles, an examination of the current practice of managed care reveals an uneven and troubled landscape that continues to be impacted by declining sources of revenue for non-profit managed care organizations and falling profits for the proprietary companies.

Across the board, both types of MCOs have been damaged by the precipitous drop in investment income in the wake of the stock market’s decline since 2000 and again more recently in 2007 and 2008.

Consequently, to maintain adequate services or meet shareholder expectations, managed care organizations have further restricted coverage and/or pushed up premiums to either employers or enrollees.

A Public-Good

Although MCO emphasis on health promotion and illness prevention is viewed as a public good, there remain many highly publicized instances where the health of individual patients has been jeopardized by apparently arbitrary policies and decisions made by managed care organizations, ostensibly in the name of cost containment.  Among especially notable issues have been: 

  • Delayed referral of patients to specialty physicians, or denials of access to specialized services, primarily based on resource allocation and cost considerations;
  • Rigidly enforced practice guidelines and programmatic standards that potentially penalize a physician’s exercise of his or her clinical judgment;
  • Crafting of incentives that encourage physicians to withhold clinically pertinent information from patients, and to discourage physicians from serving as advocates for their patients;  
  • Declining consumer choice of health plans and providers where consumers with health insurance are unwilling to demand improvements for fear of losing the coverage they have;
  • Failure of many MCOs, especially those operated as proprietary entities, to acknowledge an obligation to improve community health and broaden access to services to persons such as those with handicapping conditions, the poor, the disenfranchised, undocumented aliens, and others with legitimate, unmet, health care needs;
  • Subordination of quality access and treatments in favor of cost containment, etc.

But, these issues, according to John LaPuma MD, make managed care “morally vulnerable” and fraught with public suspicion regarding its core values. Consequently, physicians practicing medicine today are faced with very real dilemmas in such areas as patient advocacy, access to and scope of care, informed consent, conflict of interest, continuity of care, and patient choice.

“Double-Agency” Dilemma

In a speech given at Georgetown University some years ago, Marcia Angell MD, Executive Editor of The New England Journal of Medicine [NEJM], described the physician’s primary dilemma within the framework of managed care practice as one of “double agency,” where physicians are being asked to be “both advocates for individual patients and allocators of finite healthcare resources to the larger populations of enrollees of health plans.” 

This is a role that seems to impinge on the fundamental tenets of patient advocacy articulated in the Hippocratic Oath.  By the terms of many managed care insurance plans, a physician’s income is directly related to savings generated in the delivery of care, a tactic criticized by former Surgeon General C. Everett Koop, M.D. who wrote, “Something is wrong with a system that spends more and more each year to provide less and less service.”

ROI and Shareholder Value

Many of the proprietary (for-profit) managed care organizations acknowledge their primary business objective is the return of value to shareholders and increased ROI, with obligations to provide expanded access and broader health care coverage to plan enrollees a secondary consideration. Yet, as regular readers of the Executive-Post are aware, some non-profits are not much better!

While he was Speaker of the Oregon State House, former Governor John Kitzhaber (a physician) addressed this concern when he wrote of the “insidious problem permeating our health care system…the perverse set of incentives that leads health care providers to act as isolated economic entities focused on their own well-being, instead of viewing themselves as community resources whose primary role is – or should be – to promote the health of the nation.”

Conclusion

And so, in light of this troubled ethical and moral environment, please comment on some of the specific dilemmas confronting physicians in daily practice; and please include your solutions?

And, when Marcia Angell MD, of the NEJM, called today’s doctors – “allocators” – did she mean that physicians should now become healthcare economists, too?

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Physician Financial Planning: http://www.jbpub.com/catalog/0763745790

Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

Healthcare Organizations: www.HealthcareFinancials.com

Health Administration Terms: www.HealthDictionarySeries.com

Physician Advisors: www.CertifiedMedicalPlanner.com

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How to Study Medicine

Practice Management -or- “Sutures for Life”

Dr. David Edward Marcinko; MBA, CMP™

[Publisher-in-Chief]

Although we are apostles of the still living Kenneth J. Arrow PhD – the Noble Prize winning health economist – we also remember David Cheever MD as much more than a surgical innovator.

http://nobelprize.org/nobel_prizes/economics/laureates/1972/arrow-autobio.html

And, like Arrow, his human compassion and true fiduciary character is revealed in the following passage from a lecture delivered before the Harvard Medical School class of 1871, entitled “How to Study Medicine.”

”If you seek for wealth you have mistaken your avocation. There must be something more and something higher. That something is a love of your profession; a passion for science for its own sake; a broad humanity, which covers all the sick with a mantle of charity. Never lose sight of that motive, for if it once takes flight, your profession is reduced to a trade, and there is absolutely nothing left …”

… “As long as you can keep alive the sacred flame of this early passion which first called you to embrace the medical profession, so long shall you be warmed, sustained, upheld amid disappointment, unjust treatment or reverses …”

Note: David W. Cheever MD served as Professor of Surgery Emeritus for HMS. He performed the first esophagectomy in the US at BCH.

Conclusion

Your comments and practice philosophy are appreciated.

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Physician Financial Planning: http://www.jbpub.com/catalog/0763745790

Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

Healthcare Organizations: www.HealthcareFinancials.com

Health Administration Terms: www.HealthDictionarySeries.com

Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Executive-Post – is available for seminar or speaking engagements. Contact him at: MarcinkoAdvisors@msn.com  or Bio: http://www.stpub.com/pubs/authors/MARCINKO.htm

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Nobel Prize Medal

 

 

 

Hospital, Clinic and Physician Pricing

Emerging Medical Transparency Initiatives

By Prof. Hope Rachel Hetico; RN, MHA, CMP™

In 2007, federal and state legislatures first called for hospitals across the country to make their prices “transparent.” 

Definition

The term transparency was defined as the full, accurate, and timely disclosure of hospital charges to consumers of healthcare, as well as the process employed to arrive at those fees. Moreover, transparency does not merely involve publishing a list of prices and fees. 

Essentially, hospital CXOs and physicians must also be able to present their prices in a manner that is understandable to the general public and they must be prepared to explain the rationale behind their charges.

State of the States

Currently, at least 33 states have already proposed or passed legislation regarding publication of hospital charges.

For example, the average cost for a hip, knee or ankle joint replacement is $38,443; while a heart valve operation is $124,561and a back fusion is $60,406.  Torrance California based HealthCare Partners now notes on its Website that it charges $15 for flu vaccines, $61 for a chest X-ray, while a colonoscopy costs $424.

And, right here in Atlanta, Emory University at Johns Creek Hospital is now advertising its obstetrics, anesthesia, pediatric and childbirth delivery services in bundled financial packages for private pay patients, and those with HSAs, MSAs and HD-HCPs, etc. In fact, the program was promoted on TV this day, by it first-ever CEO. Located in the heart of the City of Duluth in North Atlanta; Emory Johns Creek is a 110-bed, all private room hospital. It features a comprehensive range of services from 24/7 ER, surgery using the latest stealth technology, 64 slice CT, MRI, nuclear medicine and interventional procedures. The “Birth Place” gives women and their families a high touch, luxurious alternative with the peace of mind of a Level III Neonatal Intensive Care Unit [NICU].

http://emoryjohnscreek.patientfinancialresource.com/CustomPage.asp?pagename=Home_Behavioral

Assessment

Such financial and economic initiatives demonstrate increasing industry competition with advancing patient empowerment, with other innovations like concierge medicine, onsite and retail medical clinics, etc.

Conclusion

What are your thoughts, experiences and comments on the above emerging issue of medical pricing transparency?

Related Information Sources:

Medical Practice Management: http://www.springerpub.com/prod.aspx?prod_id=23759

Physician Financial Planning: http://www.jbpub.com/catalog/0763745790

Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

Healthcare Organizations: www.HealthcareFinancials.com

Physician Advisors: www.CertifiedMedicalPlanner.com

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Patient [Customer] Relationship Management

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What it is – What are it’s Goals

[By DeeVee Devarakonda, MBA]

Patient or [Customer Relationship Management] can help healthcare organizations and medical practices achieve their business objectives while addressing today’s increasing competitive challenges.

Conflicted Meanings

In the last few years P-CRM came to mean different things to different people. First CRM, and then P-CRM, became a general buzzword, which often meant an expensive initiative that costs thousands of dollars, with not so great, to non-existent-results. Not true!

Due to various reasons including lack of clarity around business, doctor vision, inadequate requirements gathering, inappropriate software, vendor selections, messy and expensive implementations, P-CRM acquired a negative image which need not have been the case; especially for the intimate relationships needed in the healthcare space.

A Business Philosophy

P-CRM is a medical business philosophy. It is a cultural mind set that healthcare organizations need to cultivate in order to design, develop and operate organizations around patients in a way that is mutually beneficial. This is the mindset needed for healthcare organizations today. It is as true for a two-employee privately held healthcare clinic or medical practice; as it is for a mega medial corporation spanning several states with multiple services and product lines.

P-CRM Goals

P-CRM allows you to:

  • Develop single and consistent view of your patients
  • Find and keep your best patients
  • Improve patient satisfaction and retention
  • Gain competitive advantage
  • Develop long lasting and profitable relationships with your patients
  • Improve sales and marketing effectiveness
  • Improve your downstream business operations and quality
  • Augment ROI

Assessment

P-CRM efficiently helps healthcare organizations differentiate themselves from their competitors through superior patient relationships and streamlined business operations with all stakeholders – patients, suppliers and partners. So, what is your P-CRM strategy and how have you implemented it?

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The “Risky Business” of Web 2.0 Doctor Bloggers

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A Mashed-Up Opinion

By Dr. David Edward Marcinko; MBA, CMP™

[Publisher-in-Chiefdem2]

Today, after personally reviewing far too many blogs, and according to www.NPR.org, there are more than120, 000 health care forums on the Internet with opinions ranging from pharmaceuticals, to sexual dysfunction, to acne.

The same goes for commercial doctor blogs that promote lotions, balms and potions, diets and vitamins, minerals, herbs, drinks and elixirs, or various other ingest-ants, digest-ants or pharmaceuticals, etc. Link: www.MyFootShop.com

And, to other doctors, the blogging craze is a new novelty where there are no rules, protocols, standards or precise figures on how many “medical-doctor” or related physician-blogs are “out there.” Unfortunately, too many recount gory ER scenes, or pictorially illustrate horrific medical conditions, or serious and traumatic injuries. www.physicianspractice.com/index/fuseaction/articles.details/articleID/1136.htm

Of course, others simply are medical practice websites, or those that entice patients into more lucrative plastic surgery or concierge medical practices. Some are from self-serving/credible plaintiff-seeking attorneys wishing to assist patients. Link: www.FootLaw.com

Disgruntled Doctors

But not all physician blogs are geared toward practice information, marketing or medical sensationalism. In fact, just the opposite seems to be the case in extremely candid blogs, like “Ranting Docs”, “White Coat Rants,” “Grunt Docs”, “Cancer Doc,” “The Happy Hospitalist,” “Mom MD”, “Cross-Over Health”, “Angry Docs” and “M.D.O.D.,” which bills itself as “Random Thoughts from a Few Cantankerous American Physicians.” Link: www.thehappyhospitalist.blogspot.com 

According to some of these, they are more like personal journals, or public diaries, where doctors vent about reimbursement rates, difficult cases, medical mistakes, declining medical prestige and control, and/or what a “bummer” it is to have so many patients die; not pay, or who are indigent, noncompliant, etc.www.CrossOverHealth.wordpress.com

We call these the “disgruntled doctor sites.” Some even talk about their own patients, coding issues, or various doctor-patient shenanigans.

Privacy Issues 

But, according to psychiatrist and blogger Dr. Deborah Peel and others, the problem with blogging about patients is the danger that one will be able to identify themselves – the doctor – or that others who know them will be able to identify them.”  Her affiliation, Patient Privacy Rights, rightly worries that patients might tracked back to the individual, and adversely affect their employment, health insurance or other aspects of life.

And, according to Dr. Charles F. Fenton; III, JD and Dr. Jay S. Grife; Esq., MA, both frequent posters to this Executive-Post blog forum, it is certainly true that if a doctor violates a patient’s privacy there could be legal consequences. Under HIPAA, physicians could face fines or even jail time. In some states, patients can file a civil lawsuit if they believe a doctor has violated their privacy. Still, internet privacy issues are an evolving gray-area that if not wrong, may still be morally and ethically questionable. Link: www.patientprivacyrights.org

Opinions May Vary

Our colleague Robert Wachter MD, author of a blog called “Wachter’s World,” says it’s important for doctors to be able to share cases, as long as they change the facts substantially. On the other hand, the author of “Wachter’s World” and a leading expert on patient safety alternately suggests “You might say we as doctors should never be talking about experiences with our patients online or in books or in articles.”

But, he says that “patients shouldn’t take all the information on blogs at face value. Taken for what they are — unedited opinions, and in some cases entertainment — blogs can give readers some useful insight into the good, the bad and the ugly of the medical profession”. Link: http://www.the-hospitalist.org/blogs

Assessment

Well, fair enough! But, the above caveats are a big “if” according to Gene Schmckler of the Institute of Medical Business Advisors, Inc. Link: www.MedicalBusinessAdvisors.com

Eugene Schmuckler, PhD is a behavioral psychologist and stress management expert who opines that “doctors unhappy with their current medical career choice, or its modern evolution, should probably consider counseling or even career change guidance, re-education and re-engineering.” It is very inappropriate to vent career frustrations in a public venue. It’s far better for the blog to be private and/or by invitation only; if at all. Link: www.healthcarefinancials.wordpress.com/2007/12/03/physician-career-development-essay

In My View – Risky Business

I believe that a hybrid mash-up of both views can be wholly appropriate, or grossly inappropriate in some cases. Of course the devil is in the details; linguistics and semantics aside. Nevertheless; what is not addressed in electronic physician “mea-culpas” are the professional liability risks and concerns that are evolving in this quasi-professional, quasi-lay, communication forum.

For example, we have seen medical mistakes, and liability admissions of all sorts, freely and glibly presented. In fact,

“some physicians find that the act of liability blogging as a professional confession that is useful in moving past their malpractice mistakes. And, it is also a useful way to begin a commitment to a better professional life of caring in the future. It helps eliminate the toxic residue and angst of professional liability and guilt. Moreover, as they are unburdened of past acts of omission or commission, doctors should remember to also forgive those who have wronged them. This helps greatly with the process and brings additional peace.”

However, although some may say that this electronic confession is good for the soul, it may not be good for your professional liability carrier, or you, when plaintiff’s attorneys release a legion of IT focused interns, or automated bots, searching online for your self-admissions and scouring for your self-incriminations.

Of course, a direct connection to a specific patient may still not be made and no HIPAA violation is involved. But, a vivid imagination is not need needed to envision this type of blind medical malpractice discovery deposition query even now. www.jbpub.com/detail.cfm?TemplateName=alliedhealth&bc=3342-3&ThisPage=Table%20of%20Contents

Q: “Doctor Smith, I noted all the medical errors admitted on your blog. What other mistakes did you make in the care and treatment of my client?”

And so, the question of plausible deniability, or culpability, is easily raised. 

If you must journalize your thoughts for sanity or stress release; do it in print. And, don’t tell anyone about it so the diary won’t be subpoenaed. Then tear it up and throw it away.

Remember, with risk management, “It is all about credibility.” Don’t trash yours!

These thoughts may be especially important if you covet a medical career as a researcher, editor, educator, medical expert or something other than a working-class or employed physician.

Link: https://healthcarefinancials.wordpress.com/2007/12/07/122

Assessment

Remember, there are all sorts of new fangled risks out-there for the modern medical practitioner to consider; so beware!

Conclusion

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Role of Retail Medical Clinics

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Transformation [Symposium on Innovative Healthcare Delivery: Mayo Clinic]

Reprinted: October 15, 2007

http://transformationsymposium.wordpress.com

With a million visits a year and a satisfaction rate of 97% to 100%, those patients who experience MinuteClinic (www.minuteclinic.com) seem to love it. But in the world of retail clinics, does more convenient care mean better care?

The CEO Opinion

Michael Howe, the CEO of MinuteClinic, believes it does. Nicholas F. LaRusso, Chair, Mayo Clinic Department of Medicine, talked with Howe, a speaker at last year’s Transformation Symposium, about his organization’s effort to transform the delivery of health care.

Howe explained, “The broadest perspective to start with is redefining the word ‘integration’ in health care. Typically when we think about integration in health care we think about it from the standpoint of bringing all the solutions to a single point, and as long as the patient comes to that location, providers can solve most, if not all, of their issues. MinuteClinic really looked at it the other way and asked how would you integrate high-quality, simple health care solutions into a consumer’s lifestyle. Our goal is to put access to health care professionals into the pathway of the consumer.”

Growing Concept

With 200 clinics around the country and plans to double that, Howe is well on his way. Found in CVS stores, MinuteClinic’s team of board-certified practitioners are trained to diagnose, treat and write prescriptions for a variety of common family illnesses for patients 18 months and older.

Accredited

But, it is not all about convenience for Howe. He points out that MinuteClinic spent a year and a half working with The Joint Commission to become fully accredited. And, though they are the only retail provider at this point to be accredited, he thinks retail clinics should seek accreditation to really define themselves at the highest level of care.

Best-of-Breed and EMRs

By building a health care service based on best-practice protocols for focused conditions and through leveraging their electronic medical record (EMR) to measure their providers’ adherence to these guidelines, Howe believes that the retail clinic model delivers higher-quality care at a lower price that is more accessible and more convenient for patients than traditional primary care practices.

Assessment

During the last symposium, Howe shared his vision of a truly integrated health care system and the retail clinic’s role within it.

Transformation: A Symposium on Innovative Healthcare Delivery Mayo Clinic. Nicholas F. LaRusso; Chair, Mayo Clinic Department of Medicine.

Link: http://transformationsymposium.wordpress.com/2007/10/15/the-role-of-the-retail-clinic-michael-howe/

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Accredited Investment Fiduciary Analyst™

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One Opinion on the AIFA

[By Dr. Ron Miller; CFP®, AIFA®]

There are over 5,000,000 fiduciaries around the country responsible for other people’s money and sitting on boards and investment committees. Many have had no formal training on their duties and responsibilities as fiduciaries.

The AIF™ and AIFA™

The AIF and the AIFA designations deal mainly with reviewing the fiduciary issues of the investment process, especially for Trusts, pension plans and Institutional money. For example:

  • Is the money being managed according to the basic documents (Investment Policy Statements, etc)?
  • Are fees reasonable?
  • Are the investments being monitored on a regular basis?
  • What are the criteria for the fund or manager being put on a watch list or removed? 
  • Are there any conflicts of interest or self-dealings?
  • Are the fiduciaries to the portfolios aware of their responsibilities?

AIF and AIFA™ Designation

The AIF designation is designed to give investment stewards formal training on the fiduciary issues. The AIFA designation goes a step further and permits the designee to formally certify that the organization he is hired to monitor is following the fiduciary investment process with no deficiencies or areas for improvement.

More info: www.Fi360.com

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Conclusion

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The Rabbi Trust

Hospital Employee Perks

LaVerne L. Dotson; JD, CPA

To help provide security for an important or especially valued employee, and at the same time defer taxation, a hospital employer may establish a so-called Rabbi trust to hold certain assets set aside to meet its obligations under a deferred compensation arrangement.

Restrictions

Such a trust simply restricts the use of the funds solely to meeting its obligations to the healthcare employee, and rights to benefits under the trust cannot be sold, transferred, assigned, or otherwise alienated.

Assessment

However, if the hospital employer should become bankrupt or insolvent, the trust assets will be subject to the claims of the employer’s creditor; not the employee. To provide additional security for an employee will result in the arrangement being considered “funded” for tax purposes and therefore taxable to the employee when set aside; thus nullifying the trust.

Conclusion

As a hospitalist or healthcare employee, have you ever been offered the deferred compensation arrangement, known as a “Rabbi trust”; please comment?

Related Information Sources:

Practice Management: http://www.springerpub.com/prod.aspx?prod_id=23759

Financial Planning: http://www.jbpub.com/catalog/0763745790

Risk Management: http://www.jbpub.com/catalog/9780763733421

Healthcare Organizations: www.HealthcareFinancials.com

Administrative Terms: www.HealthDictionarySeries.com

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Project Manager and Assistants Wanted

Atlantic Logistics; L.T.D.

A European leader in the transportation business is seeking experienced and professional Project Managers and assistants. There is an immediate need for experienced individuals. Strong computer, organizational, communication and presentation skills with a reliable work ethic is required.

Additional Requirements:
– US Citizens;
– Fluent in English (spoken and written);
– A PC user (MS Office, MS Windows), Internet and e-mail skills;
– High communication skills;
– Credit score over 650 (Experian, Equifax and Trans Union)
– Honest, active, operative and highly responsible.
Employment Terms:
– Position is available in: USA, ALL STATES
– Fixed salary: $ 50,000 per year + additional commissions
– Position is available: full-time/ part-time
– A permanent contract;
– After the first successful project you receive i-phone as bonus, to be always available.

Peter Trabes
HR Director
atlanticlogisticsltd@gmail.com

Convenient Medical Clinics in Wal-Mart

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Survey Profile of Customers

[By Staff Reporters] 

Demographics:

·                                 79% are visits for Adults

·                                 21% are visits for Children

Insurance Status:

·                                 Approximately 55% uninsured

Alternative Considerations:

·                                 40-50% Primary Care Provider

·                                 20-35% Urgent Care

·                                 10-15% ER

·                                 5-10% would have foregone treatment

healthCenter6

Conclusion

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Healthcare Workplace Advice Survey

Employees Want Financial Planners and Benefit Advisors at the Workplace 

Staff Writers

Survey Results: [Table] 

 

2004

2005

2006

2007

Financial Planners (401K) at Work

43%

43%

38%

49%

Benefits Advisors at Work

N/A

36%

33%

47%

Financial Planners (All Needs) at Work

38%

37%

30%

44%

Source: The 6th Annual MetLife Study of Employee Benefit Trends:

Findings from the National Survey of Employers and Employees: Metlife, April 2008

http://www.whymetlife.com/trends/

Assessment: Is this contemporary trend also true for hospitals, medical clinics and the modern healthcare workplace?

Conclusion: Please comment and opine.

Related Information Sources:

Practice Management: http://www.springerpub.com/prod.aspx?prod_id=23759

Financial Planning: http://www.jbpub.com/catalog/0763745790

Risk Management: http://www.jbpub.com/catalog/9780763733421

Healthcare Organizations: www.HealthcareFinancials.com

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Linking Job Seekers and Employers

Health Job Seekers, Consultants & Financial Advisors

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Looking for more than a job; seeking a career? Or, are clients looking for you? Post your resume and cover letter. Check-in daily for alerts and posts about new jobs and clients in the marketplace. View postings from hospitals, medical employers and doctors throughout the United States.

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Reach thousands of medical, financial, health economics and administrative professionals thru our site. Find your next informed employee, physician-client or nurse-executive most anywhere in the United States.

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Global Healthcare Models

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A New Competitive Threat -or- Next-Gen Boon?

By Dr. David E. Marcinko; MBA, CMP™

[Publisher-in-Chief]

Dr. Marcinko

Did you know that some American businesses are extending their cost-cutting initiatives to include offshore employee medical benefits?

And, facilities like the Bumrungrad Hospital in Bangkok, Thailand (cosmetic surgery), the Apollo Hospital in New Delhi, India (cardiac and orthopedic surgery) are premier examples for surgical care.

Recognized Medical Institutions

It’s true!  Both medical facilities are internationally recognized institutions that resemble five-star hotels equipped with the latest medical technology. Countries such as Finland, England and Canada are also catering to the English-speaking crowd, while dentistry is especially popular in Mexico and Costa Rica.

Medical Tourism

Although this medical business model is still considered “medical tourism,” Mercer Health and Benefits was recently retained by three Fortune 500 companies interested in contracting with offshore hospitals and JCAHO has accredited 88 foreign hospitals through a joint international commission.

Assessment

To be sure, when India can discount costs up to 80%, the effects on domestic hospital reimbursement and physician compensation may be assumed to increase downward compensation pressures.

Conclusion

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Physician Income Maximization

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Next-Gen Rules for Success

Dr. David E. Marcinko; MBA, CMP™

[Publisher-in-Chief]


Money, received by medical professionals as salary in the present, can earn money over a period of time (making the amount ultimately larger than if the same initial sum were received later). And, both the amount of investment return and the length of time it takes to receive that return affect the rate of return (i.e., the value of the return).

This principle, known as the time-value of money (TVM), is a vital compensation issue regarding ultimate wealth accumulation.

Retirement Corpus Estimates

For example, as noted by our firm and according to the March 31, 2005 issue of Physician’s Money Digest, a 47-year-old doctor with $184,000 in annual income would need about $5.5 million dollars for retirement at age 65.

This should serve as a wake-up call that physicians may need to cut personal consumption and professional expenses, and to save more aggressively to harvest the TVM to finance the retirement they’re working toward. Remember, compensation is not the sole arbiter of success. To run your own numbers: http://www3.troweprice.com/ric/RIC/

Therefore, according to Eugene Schmuckler, PhD of the Institute of Medical Business Advisors, Atlanta, GA www.MedicalBusinessAdvisors.com it is not too difficult to imagine the following rules for those innovative doctors wishing to maximize compensation.

Practice Strategies and Wealth Building Rules for Doctors

Rule No. 1: A great idea or competitive advantage can earn generous compensation while still serving the public. It’s a unit-of-one healthcare economy where “Me Inc.” is the standard and physicians must maneuver for advantages that boost credibility among patients and payers.  You must also realize the power of networking, vertical integration and the establishment of prn “medical practices,” which physically or virtually come together to treat a patient or cohort, and then disband when a successful outcome is achieved. 

Rule No. 2:Differentiate yourself among your medical peers. Do or learn something new and unknown by your competitors. Market your accomplishments and let the world know. Be a non-conformist. Doctors should create and innovate; do not blindly follow leaders into oblivion.

Rule No. 3:Challenge conventional wisdom, think outside the box, recapture your dreams and ambitions, and work harder than you have ever worked before. Remember the old saying, “if everyone is thinking alike, then nobody is thinking.” 

Rule No 4:Realize that the present is not necessarily the future. Attempt to see the future and discern your place in it. Master the art of the quick change, and fast but informed decision making. Do what you love, disregard what you don’t, and let the fates have their way with you. Then, decide for yourself if you should be an employer or employee, or adhere to the traditional compensation models.

Assessment

Stay tuned for more on this topic!

We will post some examples of next-generation physicians who are making it under these new rules for success in the modern era.

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Concierge Medicine and Anti-Aging Enthusiasts

A Few Wrinkles in a New Medical Specialty

Staff Writers

For thousands of years, magicians, alchemists, even a few fringe medical practitioners have fueled an unbounded optimism that we can blunt the ravages of time, stay younger for longer, maybe even defeat death itself.

Their pitches have usually hinged on some drug, food or device — everything from electricity to yogurt to surgically installing the gonads of animals into our own bodies — that will slow or reverse the aging process.

And, every decade or so, “anti-aging” promoters grasp onto news coming out of research labs and trumpet those developments as the answer we have all been awaiting.

Conclusion

And so, mainstream docs are joining the concierge anti-aging bandwagon in droves. But, with MD endorsements, is the field really a medical specialty at all, and is it more credible or just more risky? Please decide, opine and comment?

Read more: http://www.msnbc.msn.com/id/23358964

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Hospitals: www.HealthcareFinancials.com

Terms: www.HealthDictionarySeries.com

 

 

Locum Tenens Physicians

Alternative Employment Opportunities for Physicians

By Dr. David E. Marcinko; MBA, CMP™

[Publisher-in-Chief]

Dr. Marcinko in New YorkLocum Tenens (LT) is an alternative to full-time employment for most specialties.

Some younger physicians enjoy the travel, while mature physicians like to practice at their leisure. Employment factors to consider include: firm reputation, malpractice insurance, credentialing, travel and relocation expenses (which are all negotiable).

However, a Locum Tenens firm typically will not cover taxes. 

Locum Tenens Compensation

[per 8 hour specialty shift]

 

CRNA

$720 to $880

Family Practice

$400 to $450

Internal Medicine

$400 to $450

Pediatrics

$400 to $430

OB/GYN

$600 to $800

Hospitalist

$520 to $760

General Surgeon

$650 to $750

Orthopedic Surgeon

$800 to $900

Neurosurgeon

$1,300 to $1,400

Anesthesiologist

$1,000 to $1,500

Psychiatrist

$500 to $600

Radiologist

$1,200 to $1,500

Cardiologist

$600 to $750

Source: LocumTenens.com

 

Conclusion

Has anyone used this medical practice employment model; please comment and opine?

Practice Mgmt: http://www.springerpub.com/prod.aspx?prod_id=23759

Financial Planning: http://www.jbpub.com/catalog/0763745790

Risk Management: http://www.jbpub.com/catalog/9780763733421

Speaker: If you need a moderator or a speaker for an upcoming event, Dr. David Edward Marcinko; MBA – Editor and Publisher-in-Chief – is available for speaking engagements. Contact him at: MarcinkoAdvisors@msn.com

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On Physician Peer Review

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New Era Risks

By Dr. David Edward Marcinko; MBA, CMP™

[Publisher-in-Chief]insurance-book

The Center for Peer Review Justice is a group of physicians, podiatrists, dentists and osteopaths who have witnessed the perversion of medical peer review by malice and bad faith.

Raison D’etre

Like the American Association of Neurological Surgeons [AANS], they have seen the statutory immunity, which is provided to “peers” for the purposes of quality assurance and credentialing, used as cover to allow those “peers” to ruin careers and reputations to further their own, usually monetary agenda of destroying the competition.

Cause and Goals

Therefore, the group is dedicated to the exposure, conviction, and sanction of doctors, and affiliated hospitals, HMOs, medical boards, and other such institutions, that would use peer review as a weapon to unfairly destroy other professionals.

Assessment

www.PeerReview.org is a rallying point and resource center for any medical professional that finds himself in the midst of an unfair and bad faith attack by unethical, malicious “peers”.

Conclusion

Your thoughts and comments on this ME-P are appreciated. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, subscribe to the ME-P. It is fast, free and secure.

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Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com

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Doctor Debtor’s [Brazen Few Increasing?]

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Education and Other Debt-Load Risks

[By Staff Writers]biz-book

Managed care is a prospective payment method where medical care is delivered regardless of the quantity or frequency of service, for a fixed payment, in the aggregate. 

Desperate Students Doctor’s and Healthcare Professionals

Among the many reasons why doctors are financially unhappy, some might even say desperate today, is because a staggering medical student loan debt burden of $100,000-$250,000 is not unusual for new practitioners. For example, the federal Health Education Assistance Loan (HEAL) program reported that for the Year 2002-03, student numbers and default totals include*: 

  • Allopathic Medicine 194, $20,495,446
  • Chiropractic 926, $74,781,238
  • Clinical Psychology 40, $3,051,546
  • Dentistry 342, $40,158,139
  • Health Administration 4, $285,543
  • Optometry 29, $2,481,808
  • Osteopathy 39, $4,988,389
  • Pharmacy 33, $1,320,457
  • Podiatry 127, $17,797,564
  • Public Health 7, $569,733
  • Veterinary Medicine 1, $32,602

Total for all disciplines: 1742, $165,962,465

And, the totals are even higher in 2008

Source: www.defaulteddocs@hrsa.gov

Other Debts

Significant miscellaneous debts incurred by doctors usually include “excessive-wants” more than “actual-needs”. Such extravagances include automobiles, homes, vacations, clothes and depreciating assets or “toys.”

Often, doctors even reckon they are immune from typical small claims debts, or court collection actions, by virtual of their education and career. For example, alleged non-payment of the following de-minimus private debts have allegedly been freely admitted by these doctors for illustrative purposes, despite prior threats of credit agency reporting and other perfectly legal fair debt collection tactics:

Public Non-Payment Rebuke:

  • Mark Hill, MD; Pulaski, New York
  • Tom Pfennigwerth, DPM; Seneca, PA

Assessment

Of course, one wonders, perhaps ironically, about the billing and AR collection practices of such miscreants in their own medical offices; ethics, legality, morality?

Conclusion

Your thoughts and comments on this ME-P are appreciated. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, subscribe to the ME-P. It is fast, free and secure.

Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com

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Physician Compensation Trends

Don’t Give up Medical Practice; Just Yet!

Dr. David Edward Marcinko; MBA, CMP™

[Publisher-in-Chief]

By now, all physicians, medical practitioners, nurses and healthcare executives know that in 2006 the Medicare Trustees Report projected a 4.7% reduction in physician reimbursement for 2007, and 37% in cumulative cuts over the next nine years.  

It also noted that each year in the next decade will feature a 5% cut in doctors’ pay, while physician costs will increase 2% annually www.ama-assn.org/ama/pub/category/16221.html 

The Bush administration also called for $36 billion in Medicare reductions over five years, in 2008, and advocated pay-for-performance [P4P] reimbursement metered against predetermined quality standards. 

Alarming Trends 

As regular readers and subscribers to the Executive-Post realize, the direct results on physician compensation are predictable, but other trends may be even more alarming. 

For example, medical student debt burdens (averaging $100,000-$250,000) are economically devastating.  

In FY 2000, the federal Health Education Assistance Loan (HEAL) program squeezed significant repayment settlements from its Top 3 deadbeat doctor debtors, and excluded 303 practitioners from Medicare and other federal/state programs; even more occurred thru 2001-07. 

And, the flight of doctors out of states like California and Massachusetts; and/or taking early retirement, is particularly noteworthy.  

“Don’t Give Up” 

Dr. Regina E. Herzlinger, the Nancy R. McPherson professor of business administration and chair at Harvard Business School, and mother of a physician-daughter, opines that there is little wonder that some physicians become depressed and want to give up their careers entirely when pondering the future of medicine, managed care and related compensation issues. 

Nevertheless, Herzlinger implores in her classic book, Market Driven Healthcare, “don’t give up practice, yet.”  

Pragmatically, the future is bright and offers great opportunity to early adaptors who have the foresight to change medicine for the better and be handsomely compensated, too!  

But, physicians’ inability to deal with competitive market forces – and HIT – is well known and many are loath to deal with them.  

Assessment 

One way is to seek additional management education through a traditional Master’s Degree in Business Administration (MBA), or use an online distance-education resource like www.CertifiedMedicalPlanner.com  And, tuition, textbooks and fees may be tax deductible.  

In this way, doctors may hope to maintain their place as salary and compensation leaders in the U.S. labor force. 

Another way is to read, post, and comment, opine and subscribe to in the Executive-Post.  Make it your professional health economics social network-of-choice. 

Conclusion 

  • Will you stay the course, or retire from medical practice early?
  • Will you re-educate and re-engineer; or just give up on medicine?
  • Is medicine a viable career option for your children, or grand-children?  

Please opine. Your comments are appreciated.  

Related Information Sources:

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Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

Healthcare Organizations: www.HealthcareFinancials.com

Health Administration Terms: www.HealthDictionarySeries.com

Physician Advisors: www.CertifiedMedicalPlanner.com

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MGMA Reimbursement Report

Charting Medicare Uncertainty in 2008

Staff Writers 

 

According to the Medical Group Management Association [MGMA], physician group practices nationwide are reacting to an uncertain reimbursement environment and the failure of Medicare physician payments to keep pace with the cost of delivering care.

Uncertain Economics 

As a result of a six-month adjustment to Medicare payments, the looming 10.6 percent cut scheduled for July 1 2008 – and an additional 5.4 percent cut to physician reimbursement scheduled for January 2009 – physicians and medical practices are considering reducing beneficiary access further and making operational sacrifices.  

Assessment 

Nearly 24 percent of respondents indicated that as a result of the financial uncertainty created by the temporary adjustment to Medicare physician payments – and pending 10.6% reductions scheduled for July 2008 – they had either begun limiting or not accepting new Medicare patients. 

And, nearly half (46 percent) of respondents said they would have to stop accepting and/or limit the number of Medicare beneficiaries their practices treat.  

Conclusion 

And so, how will you deal with the diminishing reimbursement environment in a changing regulatory and economic milieu; please be specific with your comments? 

 

Institutional: www.HealthcareFinancials.com 

Terms: www.HealthDictionarySeries.com

AMGA Physician Supply Study

Cejka Suggests Economic Disparities to Increase

Staff Reporters 

 

According to a new report by the American Medical Group Association (AMGA) and Cejka Search, the economic imbalance in supply and demand for physicians will intensify as the U.S. population continues to grow faster than the physician workforce.

Moreover, added pressure will come with the increasing number of physicians practicing medicine on a part-time basis. 

Findings 

In the recently released survey, responding groups reported an increase in the percentage of physicians practicing part-time from 13 percent in 2005 to 19 percent in 2007, while males increased from 5 percent to 7 percent, and females increased from 8 percent to 12 percent.  

The age group with the greatest number of physicians practicing part-time is between 35 and 39; the gender split among part-time physicians in that age group is 15 percent male and 85 percent female. 

Of the physicians practicing part-time, 83 percent practice more than half of a workweek and 45 percent practice at least three-quarters of a work-week.  

And, eighty-six percent of respondents reported that they hired hospitalists or engaged with a hospitalist organization in the past year, while the likelihood of the group doing so increased with the size of the group and if it was owned by a hospital or an integrated delivery system.  

Conclusion: 

And so, is there a solution to this conundrum; please comment? 

More info: http://www.springerpub.com/prod.aspx?prod_id=23759 

Institutional: www.HealthcareFinancials.com 

Terms: www.HealthDictionarySeries.com

Of Medical Payment Paradigm Shifts

Reimbursing Clinical Value – Not Medical Errors

By Dr. David Edward Marcinko; MBA, CMP™

[Editor-in-Chief] 

Dr David E Marcinko MBAAt our quarterly institutional print-guide: Healthcare Organizations [Financial Management Strategies], we strive to affect positive economic change in the enterprise-wide healthcare ecosystem and to optimize patient outcomes.  

And so, the Centers for Medicare and Medicaid Services (CMS) seismic decision not to reimburse “Never-Events” after October 1 2008, seems a wise one. Simply stated, in no other industry are frank mistakes reimbursed or tolerated by customers!  

Non-Payments for Never-Events 

Under the new policy, hospitals will stop requesting payment for the 27 National Quality Forum defined Never-Events listed in our last print issue – including wrong-site and wrong-patient surgery, patient death or disability due to wrong use of blood or blood products and medication errors – as well as related follow-up care to ameliorate such errors, if possible.

And, the list will likely expand going forward.  

Developing Trends 

More imminently as a vanguard, the Massachusetts Hospital Association (MHA)announced that it will no longer charge patients or health plans for treatments required to address NEs. The announcement makes it the second state whose hospitals have voluntarily made the pledge, following a September 2007 announcement by Minnesota’s HealthPartners – who not only requires its network hospitals to report errors to state governments – but also won’t let hospitals bill patients. 

Thus, an economic trend may be developing in the industry as a strategic competitive advantage. 

Future Pressures 

In the future, all covered entities may come under similar pressure as private insurers are gradually beginning to rule out payment for NEs. And, eventually as the trend evolves, hospitals and clinicians may end up eating the fee when more-minor errors occur; while allied healthcare providers, clinics and hospitals may adopt a proactive stand on the entirely logical issue well ahead of the deadline. 

Why Now? 

Q: Yet, why have public and private facilities and payers been indifferent to this basic business concept, until now?  

A: Perhaps the answer rests in human inertia. 

According to science historian Thomas Kuhn, such paradigm dislocations do not occur until defenders “can no longer evade anomalies that subvert the existing tradition.” To date, the suggestion that domestic medicine is inefficient and wastes money was merely an inert one.

But, the notion that it injures patients too; is not.  These “Never-Events”, defined as incidents that are not supposed to happen, spring more from human foibles than any evidence-based medical disaster. Of course, quality experts posit that public reporting of never-events is not meant to be punitive, but will promote correction among healthcare organizations and providers.

The Bigger Picture 

Nevertheless, the bigger epiphany lies in revising a certain mindset that existing medical payment schemes were not only appropriate, but somehow immutable to the laws of supply-demand.   The rise of consumer directed healthcare, retail clinics and concierge medical practices seem to suggest otherwise when the patient is fully informed.  

Only time will tell which “economic behavior” is prudent of course; although the absolute prohibition against clinical never-event outcome is clear, as we recall the admonishment “Primum non nocere”, or the fundamental medical precept of Hippocrates (ca. 460-ca.377 BC) to “First do no harm.”

Assessment

As insightful institutional subscribers to our print-guide – and readers of this complimentary companion personal economics blog – we trust that you and your hospital, medical clinic or healthcare entity will review, communicate, use and profit by this information.  

Moreover, let Healthcare Organizations: [Financial Management Strategies] reduce your resistance to future paradigm shifts that bespeak modernity, safety, economic utility, patient empowerment and common-sense. 

PS: Don’t forget to “review-read-rave and rant” online at this new companion web-log and communications forum. Your cogent thoughts, and informed opinions, are always appreciated. 

Conclusion 

Let us know what you think about this or any related issue? 

Speaker: If you need a moderator or a speaker for an upcoming event, Dr. David Edward Marcinko; MBA – Editor and Publisher-in-Chief – is available for speaking engagements. Contact him at: MarcinkoAdvisors@msn.com 

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Healthcare Tourism

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Status Report for Thailand

[By Staff Writers] 

cruises

[The Clear State Report]

thailand_healthcare_toursim.pdf

Medical Tourism and Values Based Health Insurance

Assessment

Feel free to comment and opine on the above report? 

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Conclusion

Your thoughts and comments on this ME-P are appreciated. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, subscribe to the ME-P. It is fast, free and secure.

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The “Desperate” Doctors!

Why Medical Providers are Dis-enfranchised

Dr. David Edward Marcinko; MBA CMP™

[Publisher-in-Chief]

Despite the purported benefits of managed care, anecdotal evidence suggests that MD’s are less happy about managed care, compensation and their profession than ever before. Some might say they are even “desperate.”  

There are other reasons for despair, as well: 

  • Fewer fee-for-service patients and more discounted patients
  • More paperwork and scrutiny of medical decisions
  • Lost independence and medical morale 
  • Healthcare providers are making less money, as Medicare reimbursement was cut 5.4% for 2002, and 4.4% in 2003. Much more may be in store for late 2008.

Furthermore, such cuts also stand to hurt physicians with private payers since commercial insurers often tie their reimbursement schedules to Medicare’s resources.

Of course, many doctors feel that the profession of medicine is no longer satisfying or ego enhancing since almost 40% are now merely corporate employees.

And in the past few years, the following has occurred: 

  • The Health Care Financing Administration (HCFA) became known as the Centers for Medicare and Medicaid Services (CMS). Formerly administered by Thomas Scully, it was re-organized into three parts: 1] The Center for Medical Management runs the traditional fee-for-service program. 2] The Center for Beneficiary Choices expands the number of Medicare beneficiaries belonging to private plans. 3] The Center for Medicaid and State Operations shares responsibility with state governments.
  • Certain administrative requirements for the Health Insurance Portability and Accountability Act (HIPAA) went into effect in April and October 2003. And, for many doctors, their biggest liability may be a single unfortunate event that could result in a lawsuit, an HHS investigation, and/or bad publicity. 
  • The executive committee of the Pharmaceutical Research and Manufacturers of America (PhRMA) adopted a new marketing code to govern big pharma’s relationships with physicians. Although now voluntary, DHH is urging compliance as critics charge that Direct to Consumer (DTC) advertising results in appropriate prescription patterns, frustrated patients and increased costs.    

Assessment: And so, do you believe the above is more true than not; and are doctors really getting desperate? 

Conclusion: Your thoughts are appreciated.

Speaker: If you need a moderator or a speaker for an upcoming event, Dr. David Edward Marcinko; MBA – Editor and Publisher-in-Chief – is available for speaking engagements. Contact him at: MarcinkoAdvisors@msn.com

***

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Reversed “Out-Sourced” Primary Care Docs

Medical Talent, Supply-Demand and Global Economics

Staff Writers

A new study from the General Accountability Office [GAO] indicates that the number of US doctors specializing in primary care is falling. 

Now, that’s the bad news, and one wonders if this is a result of the income-gap disparity between generalists and specialists? 

Statistics 

The good news is that the numerical gap is being covered by doctors who move here from other countries.

The report states that there were 22,146 American doctors in residency programs for primary care practice, down from 23,801 in 1995. Meanwhile, the number of international medical graduates training in primary care climbed from 13,025 in 1995 to 15,565 in 2006.  

Ugh!  Did we say “good news?”

Assessment 

The presence of foreign-born physicians goes well beyond primary care. 

For example, one in four new physicians is currently an international medical graduate, according to Sen. Bernie Sanders (I-VT), who spoke at a Senate Health, Education, Labor and Pensions Committee meeting where the report was presented.

Conclusion

And so, is this an example of basic economics 101 in-play, and a modern type of reverse in-sourcing of medical talent? Worker unions, take note.

Institutional info: www.HealthcareFinancials.com

About our Didatic and Educational Content

The EXECUTIVE-POST Blog for www.HealthcareFinancials.com

[Integrating health economics & medical management information] 

THE EXECUTIVE-POST’s UNIQUE CHARACTERISTICS [like no other]:  

iMBA Inc., and Healthcare Financials Executive-Post is unbiased 

· Unlike most financial and managerial education providers, we are focused only on physicians, healthcare colleagues, medical executives and practices, clinics and related healthcare entities. We are unbiased and do not manage assets or sell financial services or products of any kind.

· Our posts, content and curriculum is free from any conflict of interest — designed by dual and triple degreed and/or certified medical and nursing experts, accounting, legal, management and health economists. Our fiduciary financial advisors and management consultants do not to sell financial products.  

iMBA Inc., and Healthcare Financials Executive-Post uses many formats

·  All personal financial planning and medical management topics are available and delivered in multiple formats to meet your needs.

·  All educational products are designed to enable users to participate in their own learning. We use highly engaging websites, essays, templates, .ppt presentations, lectures, seminars, speaking engagements, .pdf files and real-life scenarios. These media channels and content topics are highly valued by our target audience.  

iMBA Inc., and Healthcare Financials Executive-Post gets results 

· Our synergistic websites, wikis, books, journal, dictionaries, white-papers, seminars, blogs and related didactic programs achieve significant positive results for our subscribers and are of national repute.

·  Healthcare executives recommend us and say they are better prepared to make managerial business decisions. Doctors say they plan on increasing their savings, reducing debt or changing their investment strategies as a result of our education; and financial advisors gain insight into the contemporary healthcare space to the benefit of their current and prospective physician clients.

· Click on or “search” for any of listed topics to view our e-posts. All related print products are available in detailed traditional format, to be purchased and/or licensed for use, as needed. 

iMBA Inc., and Healthcare Financials Executive-Post offers niched content

1. All our content is created with the understanding that while doctors and their advisors tend to be uninterested in medical management terms, health economics and/or financial jargon; nearly all are interested in learning how to amass greater wealth thru improved medial practice efficiencies.

2. Our content is designed to answer medical executive’s most pressing financial and managerial questions, address their concerns and help advisors impart the information needed to achieve their client’s practice management and financial goals. Our blog forum is not only free and interactive, but highly focused and relevant to this important and underserved niche.

NOTE: Many content posts require either Adobe Acrobat Reader® or Microsoft Excel® to be installed on your PC. These applications may be downloaded for free.

 

Why Next Generation?                                                                               

The best way to describe our next-generation philosophy and educational approach is to illustrate it with three enterprising physicians who use a next-gen medical practice business model.

They are: Enoch Choi MD, of the Palo Alto Clinic who has a traditional, but technology enabled practice; Jordan Shlain MD, of “San Francisco On-Call” which provides a cash only mobile practice; and Jay Parkinson MD who has attained the most notoriety through his unique approach, clinical skill set, and artistic flair. These are representative of a growing number of similar practices that serve as an important concept to consider when preparing to serve the next-generation of physicians, executives, clinic administrators and health professional clients.

For example, Millenial doctors like these and others, will surely demand a new range of financial planners and advisors, and medical practice management services that do not exist within the current consulting construct.   

 In fact, the provision of integrated medical niche advice which has traditionally fallen outside the concept of traditional consulting services may be the biggest opportunity to impact the conjoined financial services profession and consulting industry. And, we are pleased to be considered vanguards in this exciting niche didactic endeavor, known as Healthcare Financial Planning and Business Advice, 2.0.

 

www.MedicalBusinessAdvisors.com 

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www.CertifiedMedicalPlanner.com

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DISCLIAMER: Our information, posts and content is offered for informative and educational purposes only. We are not acting as a Registered Investment Advisor (RIA), Wealth Management Advisor (WMA), Investment Counselor (IC), Financial Advisor (FA), Stock-Broker (SB), or Registered Representative (RR); nor are we providing Tax, Insurance, Accounting, IT Security, Legal or any other related advice or management consulting activity.

 

 

 

 

Physician Seeking Senior HIT Position

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Dr. Richard J. Mata; MD, MS-MI, MS-CIS, CMP™ [Hon]

Dr. Mata

Richard “Rick” Mata, M.D., worked as a Network Administrator and Programmer at the Texas State Treasury after completing an Internship in Internal Medicine. He is adjunct Associate Professor of Health Services Research at Texas State University and is currently consulting for AT&T Customer Analytics Division.

As Founding Chief Medical Information Officer [CMIO] of www.RickTelMed.com, his full CV may be viewed at: http://www.scguild.com/Resume/6264I.html

Goal: Experienced and multi-degreed physician seeking a senior CXO or leadership position in healthcare information technology on a FT or PT basis; also available for interim, local or remote consulting positions.

MORE: HIT Security

Contact: RickTelMed@satx.rr.com

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Retail Health Clinics and the AMA

The Competition is Heating-Up

Staff Writers 

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As most doctors, payers, patients and consumers are aware, the retail quick-service medical care concept has found a familiar place in national chains such as Target, Wal-Mart and CVS, where pharmacies and patients already exist, and space is inexpensive and abundant.

These clinics are typically staffed by a nurse practitioner and offer a limited menu of walk-in medical services with co-payments between $10 and $30. And, unlike some physician practices, private pay patients are welcomed too!  

Recently, the retail delivery channel achieved a breakthrough of-sorts, when they were endorsed by their former their advisory, the American Medical Association [AMA]. The AMA’s stance against retail clinics eased after it was convinced that they would provide only basic medical services, according to the Convenient Care Association [CCA] adopted national standards.

Today, more than 800 retail clinics are open for business, and analysts predict that 85 percent of the U.S. population will have a clinic within five miles of home in five years. And, the number of retail health clinics is expected to multiply in 2008; as reported by the Washington Times. 

Now, as a healthcare executive, administrator or medical provider, have you been positively or negatively impacted by this new medical delivery business model?

 

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Doctors Fall-Short On Professionalism

AIM Professional Ethics Study Revealed

Staff Writers 

 

Doctors agree on basic theories of professionalism, but may not live up to those ideals in practice, according to a survey of more than 1,600 physicians published in the Dec. 4, 2007 Annals of Internal Medicine [AIM]. 

Nearly all surveyed agreed that physicians should use medical resources appropriately, be truthful with patients, minimize disparities, treat patients regardless of payment ability, maintain board certification status, perform peer-review, avoid sex with patients, work on quality initiatives, disclose conflicts of interest, report impaired or incompetent physicians, and report medical errors; etc. 

But, more than half revealed that they failed to report an observed medical error in the last three years, and/or report an impaired or incompetent colleague.

And, more than a third of the doctors said they would order an unnecessary magnetic resonance imaging [MRI] scan to pacify an insistent patient. 

So, does medical professionalism relate to patient bedside manner, as well?

Hospitalist Outcomes Study Report

Only Modest HLOS and Cost Reductions Achieved

By Staff Writers

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In the first large scale study on hospitalists, researchers followed 75,000 patients admitted to 45 hospitals between September 2002 and June 2005. They concluded that hospitalists reduced the average four-day hospital length of stay [HLOS] by about 12% [half-day].

However, despite the HLOS reduction, hospitalists offered only modest savings compared with general internists, and no significant savings over family doctors.

The researchers opined that hospitalists may simply do the same amount of work in less time, or may order more tests since they aren’t intimately familiar with patients’ histories.

The study was just published in the New England Journal of Medicine [NEJM]. 

And so, how do these results affect your opine of the hospitalist movement?

 

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