Hospital executives may be having trouble sleeping lately due to the ever-changing complexities of our healthcare system. Despite this, administrators can still implement systems that help their facility’s cost-effectiveness and provide optimal patient care. What keeps hospital execs up at night? Here are five concerns.
Topics: Hospital Administration
In 2007, medicine’s most famous feud ended. For 40 years, Drs. Michael DeBakey and Denton Cooley had barely spoken to each other. It started in 1960 when Cooley left DeBakey’s practice to work at St. Luke’s Hospital in Texas — and eventually start the Texas Heart Institute.
Fatigue, insomnia, loss of appetite, lack of motivation, forgetfulness, suicidal thoughts … If a patient described these telling symptoms of burnout, you’d take them seriously. As a surgeon, you are 15 times more likely to experience burnout than any other professional, and that number just keeps getting higher. The current medical climate is a landmine for practitioners, and part of the solution lies in understanding burnout, and how medical professionals and hospitals can be proactive in handling it.
In 2011, physicians earned around $206,000, according to Medscape. Now, just six years later, they are earning almost $100,000 more. Find out below what’s behind this salary increase, what your peers in various specialties make and what they like and dislike about their jobs. Here are five interesting things to know about physician compensation in 2017.
Topics: physician compensation
“Not a day goes by when this flowmeter doesn’t solve a problem for me.” - BP Mindich, MD
During coronary artery bypass grafting (CABG), Transonic Flowmeters are used to measure the flow of blood through newly anastomosed bypass grafts.
The International Federation of Health Plans was founded in 1968 by a group of health insurance industry leaders, and is now the leading global network of the industry, with 80 member companies in 25 countries. Its goal is to assist in the maintenance of high ethical and professional standards throughout the industry.
Topics: CABG Surgery
The beginning of a new year is often a time of reflection and looking to the future, and the world of medicine is no different. In the past year, we have seen how new technologies have impacted cardiothoracic surgery as well as how technology influences interactions between patients and physicians.
Here, we look at more technology advances that can impact medicine in 2017.
Topics: technology trends
Extracorporeal membrane oxygenation (ECMO) was instituted in 1972 as a last ditch effort to save children experiencing cardiac and or respiratory failure. During the first decades of ECMO therapy, it was not widely used in adults because studies had not shown benefits for the adult population. However, within the last decade with better ECMO technology, patient management and the H1N1 swine flu epidemic of 2007-2008 that left patients with adult respiratory distress syndrome (ARDS), there has been a significant increase in adult ECMO.
Since October, growth in rural physician practices owned by hospitals has increased by 102 percent, and the number of urban physician practices owned by hospitals increased by 77 percent.
The Centers for Medicare & Medicaid Services (CMS) wants to slow the trend of hospitals purchasing physician practices and highlight the broader health care reform changes that were adopted by President Obama and Congress.
In early November, CMS released its finalized updated payment rates and policy changes for the 2017 Hospital Outpatient Prospective Payment System (OPPS) and Ambulatory Surgical Center (ASC) Payment System.
Here is what hospital leaders should know about CMS’s hospital payments final rule:
Topics: Hospital Administration
In mid-October, CMS released the Medicare Access and CHIP Reauthorization Act final rule. As a refresher, healthcare delivery is shifting from a fee-for-service model to a value-based model, which means physicians will be reimbursed differently.
The legislation will take effect January 1, 2017. Here’s what you need to know about the MACRA final rule.