If a medical practice is a business and for-profit, why is the business aspect of running a practice ignored in medical schools? I also want physicians who are business-savvy to stay independent while controlling the physician/patient relationship. There are some exceptions to the “business education” shortcomings. It was assumed by most medical teaching programs that when the physician started in the practice/business of medicine,
Securely maintaining electronic patient data within healthcare organizations, while ensuring the right people have access to their data, has never been more important. Historically, health officials could not talk about patient data without acknowledging the Health Insurance Portability and Accountability Act (HIPAA). HIPAA was designed to develop a consistent set of standards to protect patients’ data from disclosure without their consent.
The healthcare industry has just experienced its biggest disruption yet—the impact of COVID-19 rattled the industry by driving intense transformation and adaptation in all aspects of patient care. According to the American Hospital Association, the healthcare industry lost over $200 billion dollars in 2020. In a time when patients were not seeking out healthcare for fear of getting sick,
Investing in the right digital tools can help healthcare organizations attract new business, get paid faster, and provide better patient care. The rapid advancement in technology has wedged a large gap between patients and providers. To close this gap, providers must meet patients where they are, and that means having a presence in the digital space.
Health. Tuesday’s decision by the Third Circuit Court of Appeals officially ends the NJ hospitals’ plans to merge.
Some people refer to it as the “Big Quit,” while others call it “The Great Resignation.”
If you missed the ”60 Minutes” segment on Sunday, January 9th, it discussed why more Americans are quitting their jobs. Many businesses are having difficult finding skilled workers to hire. To summarize the segment:
A 2021 law drafted as a compromise between tax-exempt non-profit hospitals and the NJ municipalities in which they’re located is being challenged by a lawsuit. State legislators tried to address the dispute, where billion-dollar hospitals paid little to nothing in property taxes, with the law. A 2015 court ruling found that Morristown Medical Center was liable for taxes as a result of operating in large part as a for-profit organization.
