📣 Wake-Up Call for Physicians! 📣 While we were immersed in our daily routines, a significant shift occurred in the healthcare landscape. Here’s a snapshot of the Producer Price Index (PPI) for hospitals and physicians from 2007 to 2024. 📊 The graph paints a clear picture: the lion’s share of the excessive healthcare expenditure 💰 was claimed by hospitals, not physicians. But that’s not the whole story. Dig a little deeper and you’ll find that a substantial portion of the hospital funds (not shown in this graph) were channeled into administrative bureaucracy. 🏥📑 We’re at a pivotal moment in healthcare. It’s time for us to take note, engage in meaningful discussions, and drive change. I’d love to hear your thoughts on this. Let’s start a conversation! 💬 Graph created from Producer Price Index (PPI) data published by US Dept of Labor #Healthcare #Physicians #Hospitals #HealthcareExpenditure #PPI
Satyanarayan H.’s Post
More Relevant Posts
-
This topic comes up pretty often as I meet with C-suite leaders of Hospital and Healthcare organizations throughout the country: "How can we better attract, retain, and reward our Physicians and Executives in the war for top talent in our Industry"? Offering attractive Executive and Physician Benefits are a key component. Let's have a strategic conversation. We can help. [email protected]
Executive benefits are a strategic approach to creating attractive packages to recruit, retain and reward key healthcare leaders and physicians. Learn more: https://aon.io/3Ab3KKf #HealthAndBenefits #HealthcareLeaders #Physicians
To view or add a comment, sign in
-
Another good article on Physicians in the market. I have attached the article but copied a few key data points below. Additional key performance metrics include: 1. Physician work relative value unit per FTE: 6% increase to 6,095 2. Physician compensation per FTE up 3% to $367,053 3. Support staff per 10,000 provider wRVUs dropped 5% to 3.10 4. Investment or subsidy per physician was up 3% to $299,937 https://lnkd.in/euh_RTrc
To view or add a comment, sign in
-
Hours per day required for primary care clinicians to provide adequate care to a typical patient panel: 27 hours per day! Studies show that the average length of a primary care visit is just 18 minutes. The providers do not choose this visit length. This short timeframe often leaves little room for a thorough exploration of patient concerns, leading to missed opportunities for comprehensive care. 🕒 No wonder our healthcare providers are burning out and leaving. 😰 How Functional Medicine Fills the Gap: Functional medicine emphasizes longer consultations (my initial follow-up lasts up to 90 minutes!) and a patient-centered approach, allowing for a deeper understanding of each individual's health history and needs. This fosters a collaborative relationship where patients feel heard and valued. 🗣️ Focus on Root Causes: Instead of just managing symptoms, functional medicine seeks to uncover the root causes of health issues, providing personalized and sustainable solutions. This approach can often reduce the need for frequent visits by addressing the underlying problems. 🔍 Complementing primary care, functional medicine considers the whole person, including lifestyle, environment, and genetics, leading to more comprehensive and effective treatment plans. This can result in better outcomes and a more satisfying healthcare experience for patients. 🌿 I have an entire page describing this approach on my website- check it on the link in bio! #FunctionalMedicine #risetothrive #WellnessJourney PMID: 36897582
To view or add a comment, sign in
-
Understanding the True Costs of Care: Key Insights from the AHA's Latest Report The American Hospital Association's recent report, "The Costs of Caring," sheds light on the escalating financial challenges that hospitals face today. As we work to provide high-quality care, the financial realities demand our attention and action. Here are some key highlights from the report: Labor Costs: Labor expenses account for nearly 50% of hospitals' total expenses, driven by workforce shortages, increased reliance on contract labor, and rising wages. The financial burden is significant, with labor costs growing by over 20% since 2019. Drug and Supply Prices: The cost of drugs and medical supplies continues to surge, outpacing inflation and putting additional strain on hospital budgets. Since 2019, drug expenses have increased by 41.6%, while supply costs have risen by 24.7%. Financial Losses: Many hospitals are operating on thin margins or even at a loss. The report highlights that in 2022 alone, more than half of U.S. hospitals reported negative operating margins. Capital Expenses: Investment in new technology, facility upgrades, and other capital expenses are increasingly difficult to justify amidst these financial challenges. Hospitals are forced to delay or forgo essential investments that could enhance patient care. This report underscores the urgent need for systemic changes. We must advocate for policies that ensure fair reimbursement and support for our hospitals, invest in technology that reduces costs, and foster innovative approaches to care delivery. It's time for healthcare leaders, policymakers, and stakeholders to come together and address these challenges head-on. The future of our healthcare system depends on it. #CostOfCare #HealthEconomics #HealthPolicy #HealthcareInnovation #healthcareonlinkedin #HospitalManagement
To view or add a comment, sign in
-
The most trusted and recommended CBD by healthcare professionals. Patients trust when a product is recommended to them from a healthcare provider, because they trust it meets standards of those who treat them. At Corganics, we have delivered healthcare professionals a trusted solution exclusive to them. #livecorganics #healthcareprofessionals #physicians
To view or add a comment, sign in
-
Just finishing reading Can Medicine be Cured? by Seamus O'Mahony. With my placed based partnership hat on I have enjoyed the critique of modern medicine's obsession with metrics, bureaucracy, and commercialism. Key takeaways: - Over-reliance on metrics and data can detract from patient care. - Bureaucracy in healthcare often impedes rather than aids treatment. - Commercial interests can overshadow the true purpose of medicine. - Emphasising the human touch is essential for genuine patient care. A must-read for anyone in the medical field or placed based partnership working! #MedicalCare #Healthcare #PatientCare #ModernMedicine #SeamusOMahony #BookRecommendation #bnssg #placedbased #Integratedcare #personalisedcareplanning
To view or add a comment, sign in
-
🏥| A recent BBC article on GPs capping appointments highlights a critical issue in primary care - the struggle to manage patient demand effectively. With GPs in England launching work-to-rule action and considering appointment caps, it's clear that traditional approaches to managing patient demand are no longer sufficient. But what if there was a way to pre-empt this crisis? The Demand and Capacity Optimisation Tool (DCOT) allows GPs to do just that. DCOT allows practices to: ➡️ Visualise demand patterns that aren't captured in clinical systems ➡️ Identify hidden inefficiencies and sources of 'failure demand' ➡️ Optimise resource allocation based on actual patient needs ➡️ Potentially reduce the need for drastic measures like appointment caps While the BBC reports that "one in three people feel they have to wait too long for an appointment", DCOT empowers practices to address this issue proactively. By understanding true demand, practices can make informed decisions that benefit both staff and patients. The full BBC story can be found here: https://lnkd.in/e_ZFJXHV Join our free upcoming webinar on September 26 at 1pm: "Pre-empting Patient Demand in General Practice - Why Don't We and How Can We" to find out more about how we can help. You can sign up to the free event, here ➡️ https://lnkd.in/e_yCqwvs #NHSTransformation #PrimaryCare #GeneralPractice #DemandManagement #GP #FailureDemand #healthcare #PCN #ICB #healthcareadministrators Simon Bricknell Max Pardo Roques Steve Boam Darren Jones Nick Triggle
NHS GPs launch work-to-rule action but is it a step too far?
bbc.co.uk
To view or add a comment, sign in
-
Physicians are witnessing firsthand the devastating effects of healthcare consolidation, and the numbers speak volumes: 🔻 50% of doctors report a decline in job satisfaction post-merger. 🔻 71% believe hospitals prioritize financial gain over patient care. 🔻 49% say private equity funding is not good for healthcare’s future. 🔻 68% agree consolidation is reducing access to high-quality, cost-efficient care. It's clear: the consolidation trend is putting profits over patients. We need to act now to protect the integrity of our healthcare system. Join DocNation and help amplify physicians' voices for real change. 💪👩⚕️👨⚕️ #PhysicianAutonomy #HealthcareReform #ProtectPatientCare #DocNation #PrivateEquity #Consolidation Source: 2024 Survey of America’s Current and Future Physicians by The Physicians Foundation: https://lnkd.in/gqwbhfS3
To view or add a comment, sign in
-
The global nurse call systems market in terms of revenue was estimated to be worth $2.5 billion in 2024 and is poised to reach $4.0 billion by 2029, growing at a CAGR of 10.2% from 2024 to 2029 Download PDF Brochure-https://lnkd.in/dGVafamz The major players in this market are Ametek, Inc. (US), Baxter International, Inc. (US), ASCOM Holdings AG (Switzerland), Johnson Controls (US), Securitas Healthcare (US). These players lead the market because of their extensive product portfolios and wide geographic presence. #NurseCallSystems #HealthcareTechnology #PatientSafety #NursingSolutions #MedicalDevices #HospitalEquipment #NurseCommunication #EmergencyResponse #NurseProductivity #HealthcareFacilities #NurseEfficiency #PatientCare #NurseCommunicationSystems #NurseWorkflow #NurseEfficiencySolutions #NurseCallSolutions #NurseCallIntegration #NurseCallTechnology #NurseCallAlerts #NurseCallAutomation #NurseCallManagement #NurseCallEfficiency #NurseCallIntegration #NurseCallInnovation #NurseCallAdvancements #NurseCallUpgrades
To view or add a comment, sign in
-
Read our latest article by Dr. Ian Roberts where he dives into the Win-Stay/Lose-Shift (WSLS) strategy —the unsung hero and potential villain in healthcare decision-making. https://lnkd.in/gw5m3Sjq The good news? Techniques like requiring justifications for prescriptions and utilizing decision aids can transform physician decision-making. These strategies mitigate the adverse consequences of WSLS. And here’s what we think. As healthcare innovators, your organization holds the key to improved patient outcomes! Understand and manage WSLS to empower physicians in making informed decisions that benefit their patients. #healthcare #healthandwellness #behavioralscience #healthcareinnovation #physician
To view or add a comment, sign in