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- Nonprofit hospitals' income continues to decline
A report by Moody’s Investor Service showed that the income for nonprofit hospitals declined for the second year in row in 2013, while the median revenue growth fell to the lowest percentage since the agency began tracking it 23 years ago.
- CBO projects multibillion decrease in Medicare and Medicaid costs over next decade
The Congressional Budget Office (CBO) recently announced that it has decreased its 10-year projected cost of Medicare and Medicaid by $89 billion due to reduced medical services and labor costs.
- As more physicians retire, turnover rate remains high
For the second year in row, the average physician turnover rate remained at 6.8 percent for 2013, according to a survey by the American Medical Group Association (AMGA). The rate is the highest on record since the AMGA began tracking it in 2005.
- Heard this week
“The difficulty of getting into medical school ensures that most doctors are people who naturally drive themselves very hard and demand excellence from themselves and everyone around them.”Henry M. Kuerer, MD, PhD, FACS, discusses the causes of physician burnout in an article published in OncLive.
- Editor's Note
Dear readers,I recently read a CNN article about researchers developing a surgical “black box” for the operating room, similar to those found in airplanes. The black box would use cameras to track and record a surgeon’s movements and provide instant feedback if any errors occur.
I appreciate the effort to improve surgeons’ skills, but I’m not sure how they would react to having their every move monitored. My job is nowhere near as important as a surgeon’s but I would find it difficult to work if every one of my keystrokes was monitored and recorded. I think I would find it way too distracting, but maybe that’s one of the many reasons I’m not a surgeon.What do you think about having a black box in the operating room? Let me know.
Thanks for reading!
Son Hoang, editor, Medical Staff Leader Insider
- AMA asks CMS to delay Open Payments registration period
The American Medical Association (AMA) has asked CMS to postpone the deadline for physicians and teaching hospitals to register and review the Open Payments system to March 31, 2015.
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