Physician Shortage and Impact on the Physician Staffing Industry

Physician Shortage and Impact on the Physician Staffing Industry

Healthcare Blog
As a result of health care reforms and systemic changes within the health care sector, the physician shortage has become a crisis. The Association of American Medical Colleges predicts that there will be a shortage of 14,900 to 35,600 primary care physicians and 37,400 to 60,300 specialty physicians by 2025. However, many of the issues that are fueling this shortage, including rising number of retirements, professional burnout and increasing administrative requirements are being exacerbated by a new issue—President Donald Trump’s travel ban. With almost a quarter of physicians in the U.S. foreign born, the travel ban not only prevents qualified medical professionals from entering the U.S., it has also had a chilling effect on medical school student applications from predominantly Muslim countries. Many of the physicians and students from these nations are…
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The Five Biggest Obstacles to Winning a Malpractice Case

The Five Biggest Obstacles to Winning a Malpractice Case

Medical-Legal Blog
Each year, about seven percent of physicians are sued for malpractice, making it an almost certainty for any physician with a sustained career. While the idea of facing litigation can be quite anxiety-inducing, you should know that only 22 percent of malpractice suits are adjudicated in favor of the patient.  Among the specialties most often sued are neurosurgeons (19.1 percent) and thoracic-cardiovascular surgeons (18.9 percent). Meanwhile, psychiatrists (2.6 percent) and pediatricians (3.1 percent) see the lowest amount of law suits. No one enjoys being the target of a lawsuit that questions your skills as a medical professional. However, you should take heart that the complainant has a much more difficult road ahead than yourself.  They must convince a court of law that the doctor acted in such poor judgment that…
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The Forgotten Middle Class in Health Care

The Forgotten Middle Class in Health Care

Healthcare Blog
Of the three economic classes in America, the middle class is having the most difficult time paying for health care.  While the wealthy possess the resources to obtain medical care independently, and the poor are qualifying for government assistance through programs like Medicaid and Obamacare, the financial burden has grown for those American households caught in between.  The Brookings Institute found that middle income families now spend 8.9 percent of their annual income on health care, up from 5.9 percent in 1984.  Much of this is related to employer health plans that are shunting a greater financial responsibility onto workers. On average, working Americans pay about $440 a month for full family coverage, while their employer pays about $1,075 per month. Since 2010, the average deductible has risen 67 percent,…
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Major Medicare Primary Care Project Announces Early Success

Major Medicare Primary Care Project Announces Early Success

Healthcare Blog
The Centers for Medicare & Medicaid Services announced that one of its advanced primary care projects had produced significant progress.  In only its second year, the Comprehensive Primary Care initiative had virtually achieved almost all of its goals among a pool of 481 participating practices. The Comprehensive Primary Care initiative is a four year project with the goal of improved primary care at lower cost.  Conducted by the Centers for Medicare & Medicaid Services, the CPC initiative involved 481 practices in seven regions around the U.S., including New Jersey, Colorado, Arkansas and Oregon as well as parts of New York, Oklahoma and Ohio. The 2,188 participating providers in 2015 served almost 2.7 million patients, of which 410,177 were Medicare or Medicaid beneficiaries. In 2014, 492 practices, serving 345,000 Medicare and Medicaid…
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Why Health Care Organizations Are So Vulnerable to Data Breaches

Why Health Care Organizations Are So Vulnerable to Data Breaches

Healthcare Blog
Data breaches are so common to the health care industry that, except for those national in scope, they hardly merit mention in the news.  It may be surprising to learn that almost 42.5 percent of all data breaches occur in the health care industry, and that 91 percent of all health care organizations have reported at least one breach within a recent two year period. Almost one in eight Americans has had their health records compromised.  There is no secret as to why medical records are so often a target of thieves. Not only is there sensitive personal information that can be used to obtain financial benefits, but there is often enough data to secure highly valuable health benefits including Medicare, Medicaid or prescription drugs. Unlike a stolen credit card which is easily canceled,…
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Crushing Healthcare Costs:  Is Capitation or Bundled Payment the Solution to Eliminating Health Care Waste?

Crushing Healthcare Costs: Is Capitation or Bundled Payment the Solution to Eliminating Health Care Waste?

Healthcare Blog
A Side-by-side Comparison: Capitation vs. Bundled Payment A Case for a Population-based Payment (Capitation model):  Inefficiency is an undeniable feature of modern American health care.  Medical professionals recognize that within the current fee-for-service system there are powerful incentives for performing unnecessary services. It is estimated that up to one third of the $3 trillion national expenditure on health care is for unnecessary or suboptimal treatments.  A new study by Brent C. James, MD and Gregory Poulsen entitled “The Case for Capitation” suggests that the most effective strategy for curtailing this waste is to adopt a population-based (or capitation) payment model.  Within the capitation system, providers would obtain a fixed fee per patient to cover all treatments provided within a defined period of time. To ensure high quality of care, these fees would…
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Demand for Healthcare Providers Expect to Reach Unprecedented Levels in 2017

Demand for Healthcare Providers Expect to Reach Unprecedented Levels in 2017

Healthcare Blog
The health care sector has been the nation’s top industry for job creation in the past two years.  In 2015, health care created a record 471,600 new jobs, and 2016 is expected to top that incredible figure.  In the first half of 2016, the health care industry saw the creation of 234,600 new positions with 39,000 new jobs in June alone. The majority of these new jobs were in ambulatory services, hospitals and residential care. This robust growth in the industry as a whole has also bolstered the staffing segment.  According to the Staffing Industry Analysts, the health care staffing industry should grow by 13 percent in 2016 and drop to 8 percent in 2017.  The accelerated growth in staffing in 2015 and 2016 is largely attributable to the increased…
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Life-threatening Reality of Generic Drug Shortages in the U.S.

Life-threatening Reality of Generic Drug Shortages in the U.S.

Healthcare Blog
There is a myriad of challenges in practicing medicine from the intrusion of third parties to the declining number of medical professionals.  For the most part, these obstacles are a result of some well-intentioned but poorly executed effort, but there are some that arise out of ridiculous circumstances like the nationwide shortage of some medications. In 2010, the Food and Drug Administration reported that 178 drugs were in short supply around the country.  Many of these were for critical care, cancer treatment or antibiotic use.  In 2011, this number rose to 250.   While this number declined in the following years, by May of 2015, the shortage had returned to 250. The problem of life-saving drug shortages has become so pronounced that the U.S. Congress has convened hearings on the matter.…
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Why Physicians Continue to Use Locum Tenens Agencies for Temp and Permanent Jobs

Why Physicians Continue to Use Locum Tenens Agencies for Temp and Permanent Jobs

Healthcare Blog
In the modern medical world, there are a growing number of ways to connect organizations with temporary or permanent medical professionals, so the traditional locum tenens model may appear to be somewhat antiquated.  It can be appealing to many newcomers to avoid locum tenens firms and find a position independently, but there are some compelling benefits to working with an established firm. The foremost reason to choose an agency to manage your locum tenens placement is that it makes the entire process considerably easier.  In order to work in a hospital or practice, you must complete a time-consuming and involved process of license verification and credentialing.  This typically involves documentation of academic and professional achievements, personal references and verification of board certification.  This process must be repeated for each new…
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Trump Vs Clinton: Projected Costs for New Health Care Plan

Trump Vs Clinton: Projected Costs for New Health Care Plan

Healthcare Blog
Although it is difficult to accurately assess the financial impact of either presidential candidate’s platforms at this point in the race, the nonpartisan, nonprofit financial watchdog group, the Committee for a Responsible Federal Budget(CRFB), has analyzed each candidate’s health care plan with some surprising conclusions.  Despite a $14 trillion debt that will increasingly consume much of the country’s GDP, it appears that both Republican nominee Donald Trump and Democratic nominee Hillary Clinton are committed to health care reforms that will add hundreds of billions of dollars to that staggering debt. An initial analysis suggests that Clinton’s health care changes would cost almost $150 billion over ten years, if economic returns are factored into the estimate. However, the CRFB estimates Clinton’s proposals could possibly cost about $300 billion if certain mitigating factors…
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