Budget Cuts Could Lead to More Physician Shortages
February 22nd 2011The American College of Physicians told leaders of the House of Representatives that lawmakers must continue on a path towards reversing the shortage of physicians that will lead to higher healthcare spending, poorer outcomes, and long waits for appointments.
Blockbuster M&A Deals Highlight Big Week for Biotech
February 22nd 2011Two billion-dollar acquisitions boosted shares and shined the spotlight on the biotech sector last week, as Sanofi finally sealed the deal with Genzyme and Aveo struck a major cancer drug licensing deal with Japan's Astellas Pharma.
Challenging Human Nature to Make Easy Money
February 22nd 2011I sometimes seem to be better at knowing what to do than I am at doing it. This is a common human foible, one that costs even the smartest among us money. Though there is no such thing as easy money, re-allocating investments in your portfolio is the next best thing. It just takes fighting human nature, that tendency we all have toward complacency. Here's how.
Government Alters Conscience Protections for Physicians
February 21st 2011The Obama administration rescinded a large portion of a Bush-era federal regulation intended to protect physicians and other healthcare workers who refuse to provide care they find objectionable on personal, moral, or religious grounds.
I Can't Afford All These Discounts!
February 19th 2011I am happy that our competitive consumer system is working, i.e. allegedly keeping prices down. But there are costs to us other than specie that we need to be aware of as we go through our lives. We are battered from all sides all day about "savings," "discounts," "sales," "only here," "time is limited," etc., which noise degrades the quality of our lives, even if we do occasionally save a buck. And keep in mind that "savings" always requires spending. If you really want to save big, don't buy it!
Taking the Pulse of Your Practice: Part II
February 17th 2011Last week, I began a two-part analysis with "10 questions to answer about your medical practice," as a business. Now let's focus on your medical-practice governance -- the setting of policy and strategy for a group practice -- which is boring, but essential to clarify. Here are some excellent tools that can help.
CMS to Begin Processing Claims Owed by Medicare
February 17th 2011After coming under pressure from more than 100 physicians groups, the Centers for Medicare & Medicaid Services said it will reprocess a large number of Medicare claims to make up for retroactive payment increases that went into effect in 2010.
IRS Begins Accepting Returns Affected by Tax Cuts
February 16th 2011Starting this week, the IRS will begin accepting individual tax returns that were affected by the December tax cuts. The agency had delayed processing some returns in order to update computer systems to accommodate the last-minute tax law changes.
Shortages Lead to Rise in Use of Locum Tenens Physicians
February 16th 2011The use of locum tenens physicians is rising, as hospitals and medical groups struggle with widespread doctor shortages, a new survey found. Psychiatrists and other behavioral health specialists were among the temporary positions most in demand.
AAFP and Surescripts to Offer Secure Messaging
February 15th 2011The American Academy of Family Physicians launched a new service that will provide secure e-communication between up to 75,000 family physicians over the Surescripts network. The cost of participating in the new service will be $15 a month per physician user.
Delta Ends SkyMiles Mileage Expiration
February 15th 2011Delta Air Lines said it is eliminating the mileage expiration for its SkyMiles frequent-flyer program, the first major carrier to do so. The change comes after the carrier combined loyalty programs in the wake of its 2008 merger with Northwest Airlines.
Riding the Big Wave: Momentum Investing
February 15th 2011Momentum investors, who trade on the theory that high-performing stocks continue to soar for a period of time, have a lot in common with big wave surfers. Both often incur high costs in search of riding the "big wave," and both have a greater chance of wiping out when the wave gets the best of them.
Obama's $3.7 Trillion Budget Proposes 2-Year "Doc Fix"
February 14th 2011President Obama's 2012 budget proposal would push back a steep cut in Medicare reimbursement rates for physicians for another two years, at a cost of $62 billion. Cuts in Medicare and Medicaid spending, and a push for generic drugs in federals programs, would pay for it.
Taking the Pulse of Your Medical Practice
February 14th 2011Through this short series I've called, "10 Questions to Take the Pulse of Your Medical Practice" and see if I can get you enthused about what you have already accomplished, and still plan to do, with your medical practice. I invite you to reflect on your responses, either alone or with your partners, as a way to revisit your work as a physician and your medical practice in the freshest way.
As Mobile Devices Proliferate, Securing Data Becomes Critical
February 14th 2011By now there should be no doubt that the use of smart phones, iPads and other mobile devices have infiltrated the healthcare sector. But the mobility aspect of these devices means that extra steps need to be taken to ensure the protection of the sensitive information within. Note: Hacking is the least of your worries.