
The PMD Critical List: The Huge Cost of Reporting Data to Insurers
Physicians spend hundreds of hours each year reporting data to insurance companies, for a total tab of more than $15 billion worth of time. That story tops this week’s PMD Critical List. Also making the list: Infection rates remain a stubborn problem, and one state outlaws paper prescriptions.
Physicians spend hundreds of hours each year reporting data to insurance companies, for a total tab of more than $15 billion worth of time. That story tops this week’s PMD Critical List. Also making the list: Infection rates remain a stubborn problem, and one state outlaws paper prescriptions.
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A recent Health Affairs report shows that US medical practices in four specialties—orthopedics, cardiology, family care, and internal medicine—spend 15 hours a week, or an astounding $15 billion annually, reporting data to private insurance companies, Medicare, and Medicaid.
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In the midst of Patient Safety Awareness Week, a new survey finds that while “hospitals are making strides in avoiding central line-associated blood stream infections and catheter-associated urinary tract infections, patients are still experiencing these serious, and sometimes fatal, infections too frequently.”
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The way prescriptions are written in New York State is changing. “Gone will be doctors’ prescription pads and famously bad handwriting. In their place: pointing and clicking, as prescriptions are created electronically and zapped straight to pharmacies in all but the most exceptional circumstances.”
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Physicians’ offices are increasingly being snapped up by hospitals and investors alike—acquisitions rose nearly 50% in 2015. Concierge medicine is the attraction. There are about 6,000 US concierge-style medical offices now, up 25% just in recent years and experts believe that the number could quickly triple.
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This past week “medical school students and graduates participated in the largest National Resident Matching Program (NRMP) in history with 42,370 registered applicants. Here’s a report about one of the more momentous days in the life of an American physician. “Thousands of futures are in the hands of an algorithm.”
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The more money doctors receive from drug and medical device companies, the more brand-name drugs they tend to prescribe, a new analysis shows. “You can debate if these payments are good or bad, or neither, but what isn’t debatable is that they permeate the profession,” says the director of the Center for Pharmaceutical Policy and Prescribing.
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A British Medical Journal study “has found that the likelihood of being misdiagnosed dramatically increases when a doctor is presented with a “difficult” patient who obstructs the clinician’s efforts by being aggressive or questioning their competence.”
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“Emergency room physicians see all kinds of grisly stuff, which made us wonder: What products do they consider so hazardous they ban them from their homes and yards?” These every day items include: Button batteries, power washers, extension ladders, trampolines, and Ramen noodle soups.
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Hoping to stem an epidemic of drug abuse tied to narcotic painkillers, federal officials issued new prescribing rules to the nation’s doctors “stressing they should try to avoid these addictive “opioid” painkillers whenever possible for patients with most forms of chronic pain.”
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Doctors treating chronic health problems increasingly are prescribing exercise for their patients. “Exercise is not a new medicine. It’s really an old medicine,” one doctor explains. “But we’re now coming to the point of understanding how important it is.”
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Nearly 40% of 13,800 physician groups nationwide will have their payments reduced from Medicare this year under the Value Modifier program for either poor performance or a lack of participation in a program evaluating quality of care.
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