News and briefs: Fewer dollars could mean fewer residents
Residency Program Insider, October 11, 2011
Want to receive articles like this one in your inbox? Subscribe to Residency Program Insider!
Included in President Barack Obama’s plan to cut $248 billion from Medicare over ten years is the reduction of funding to teaching hospitals by $1 billion. This potential loss of money has teaching hospitals wondering how they will fund their resident slots, which in part, are subsidized by Medicare. "We are doing things to find costs we can take out so we don’t cut people, but there’s only so far you can go with that. What else are you going to cut when most of your budget is people," said Herbert Pardes, CEO of New York-Presbyterian Hospital in an article with Bloomberg News.
According to Atul Grover, chief advocacy officer of the Association of American Medical Colleges, hospitals spend about $145,000 annually per resident. Because of already tight budgets, Grover predicts that instead of increasing funding on their end, teaching hospitals will reduce the size of their training programs. To read more, click here.
Want to receive articles like this one in your inbox? Subscribe to Residency Program Insider!
Related Products
Most Popular
- Articles
-
- Joint Commission clarifies ligature risk requirements
- Note similarities and differences between HCPCS, CPT® codes
- 3 ways CNOs can improve workplace culture
- Don't forget the three checks in medication administration
- Practice the six rights of medication administration
- What to include on the incident report
- OB services: Coding inside and outside of the package
- Q&A: Primary, principal, and secondary diagnoses
- Understanding nursing roles in quality improvement
- Code diagnoses and outpatient treatment for PTSD
- E-mailed
-
- Tip: Coding for cancer
- Suicide prevention NPSG now applies to Critical Access Hospitals
- Prioritize sepsis assessments in your overcrowded emergency department
- OB services: Coding inside and outside of the package
- Joint Commission clarifies ligature risk requirements
- Don't bill 59025, 76818 separately without separate physician orders
- Crossing state lines: What are the rules?
- 3 ways CNOs can improve workplace culture
- Searched