How a Strong Back-End Approach Can Improve Financial Success for Specialty Groups Some medical specialty groups are feeling the financial pinch. Inflation and increased labor costs drive up expenses and McKinsey projects that this trend will continue. To protect their bottom line, these groups must proactively approach patient financial engagement. One way to do this
VR Helps Brain Tumor Patients Overcome “Scanxiety” A new study has found that virtual reality therapy can help primary brain tumor patients overcome anxiety before brain scans. According to the study, a VR intervention lasting for a month resulted in 60% of the participants reporting improved quality of life. Additionally, 95% of the participants recommended
Physician Turnover Increased By 43% From 2010-2018, Research Indicates Health IT Analytics (7/25, Melchionna) reports that Weill Cornell Medicine researchers, using an algorithm, discovered that the period from 2010 to 2018 resulted in a 43 percent increase in physician turnover, highlighting the need to determine the reasons for this trend and ultimately improve retention rates.
Discounted Long-Term Care Insurance Members and their spouses can now obtain a 5% discount on long-term care insurance from Mutual of Omaha through Charles J. Sellers & Co. Mutual of Omaha’s MutualCare Custom Solution policy allows you to get the care you need in the setting that’s right for you, whether that’s at home or in a
Financial Planning from Altfest Once again, this week’s webinars are all about the Benjamins. Check out: 7/31/23 –Navigating Opportunities and Risks: Altfest Mid-Year Market Outlook Webinar 12 pm or 7 pm Also, ICYMI, check out the replays of the following Altfest webinars: Real Estate Investing for Physicians Behavioral Psychology & Economics - How to get
National Study to Document Changes in Physician Practice Expense The American Medical Association (AMA) is undertaking a new national study, supported by 173 healthcare organizations, to collect representative data on physician practice expenses. The aim of the Physician Practice Information (PPI) Survey is to better understand the costs faced by today’s physician practices to support
Are You Looking for Premium Increase Data? If you want to collect data on insurance company premiums, this information is available on the Department of Financial Services website. The information can be used for various purposes, from negotiating contracts to general awareness.
Wrongful Death Op-Ed in the Spotlight Monroe County Medical Society President Dr. Hemant Kalia’s powerful op-ed on pending wrongful death legislation was featured in the Rochester Democrat & Chronicle. Dr. Kalia writes, “We just completed a State Budget where significant steps were taken to address the stability of our various community health care providers, particularly
Two Years After Coding Changes Sought to Decrease Documentation, Notes Remain Bloated CMS implemented changes to E/M CPT billing codes in 2021 to reduce the administrative documentation burden on providers. However, a new study found that the average note length across all clinical notes has increased by 8.1% since then. Despite this, the average time
Handling Your Grief After a Patient's Suicide Physicians are often unprepared for the emotional toll of a patient suicide. They may feel guilt, shame, and self-doubt and struggle to cope with their own grief. This article discusses the emotional toll of patient suicide on physicians and offers tips for dealing with grief. The article also
