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Medical Economics Insider: Save your practice

Check out our inaugural edition of our interactive publication, featuring in-depth reporting, expert insights, exclusive data, and more!

Medical Economics Insider: Save your practice


Although the American Academy of Family Physicians threw support to President Obama’s initiative for Medicaid expansion and Medicare payment reform, across-the-board cuts to graduate medical education (GME) threaten family medicine residency programs.

The basic principles of economics are creeping into health care-supply and demand.As the U.S. health care reform progresses, more than 30 million newly insured patients will be added to the world of healthcare, leaving a small supply of doctors scrambling to keep up with the demand.

Nearly three-fourths of eligible professionals have registered for the government’s electronic health record (EHR) incentive programs, according to a recent report from the Centers for Medicare and Medicaid Services.

The National Society of Certified Healthcare Business Consultants has released information on medical practice overhead percentages, average monthly charges in accounts receivable, full time equivalent staff ratios, and more in its 2012 Joint Statistics Report of Medical and Dental Statistics on Income and Expenses.

Health policy analyst Jeff Goldsmith talks about why it’ll take more than just higher compensation to relieve the primary care shortage, what needs to happen for direct primary care to take off and why ACOs are "like vegan barbecue.”

About half of all working adults were either uninsured or underinsured for at least part of last year-and that doesn’t just include low-income Americans. Nearly 60% of adults with moderate incomes were uninsured or underinsured, according to a new report from the Commonwealth Fund.

From misunderstandings about the role of healthcare inflation to cost controls in the Affordable Care Act (ACA), three economic myths must be addressed for the healthcare system to function properly, says Theodore R. Marmor, PhD, Yale University professor emeritus of public policy and management as well as political science. He recently spoke with Medical Economics Editor-in-Chief Lois A. Bowers, MA.

Employing others involves risk, time, and effort for which you deserve to be compensated. You can employ more physicians, but most practice owners need to critically evaluate the financial impact of hiring non-physician practitioners, simply because of the reduced labor cost.