3,359 results on '"Physicians economics"'
Search Results
2. Physician Altruism and Spending, Hospital Admissions, and Emergency Department Visits.
- Author
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Casalino LP, Kariv S, Markovits D, Fisman R, and Li J
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- Humans, Cross-Sectional Studies, United States, Male, Female, Hospitalization statistics & numerical data, Hospitalization economics, Health Expenditures statistics & numerical data, Middle Aged, Quality of Health Care economics, Physicians psychology, Physicians statistics & numerical data, Physicians economics, Aged, Emergency Room Visits, Altruism, Emergency Service, Hospital statistics & numerical data, Emergency Service, Hospital economics, Medicare economics, Medicare statistics & numerical data
- Abstract
Importance: Altruism-putting the patient first-is a fundamental component of physician professionalism. Evidence is lacking about the relationship between physician altruism, care quality, and spending., Objective: To determine whether there is a relationship between physician altruism, measures of quality, and spending, hypothesizing that altruistic physicians have better results., Design, Setting, and Participants: This cross-sectional study that used a validated economic experiment to measure altruism was carried out between October 2018 and November 2019 using a nationwide sample of US primary care physicians and cardiologists. Altruism data were linked to 2019 Medicare claims and multivariable regressions were used to examine the relationship between altruism and quality and spending measures. Overall, 250 physicians in 43 medical practices that varied in size, location, and ownership, and 7626 Medicare fee-for-service beneficiaries attributed to the physicians were included. The analysis was conducted from April 2022 to August 2024., Exposure: Physicians completed a widely used modified dictator-game style web-based experiment; based on their responses, they were categorized as more or less altruistic., Main Measures: Potentially preventable hospital admissions, potentially preventable emergency department visits, and Medicare spending., Results: In all, 1599 beneficiaries (21%) were attributed to the 45 physicians (18%) categorized as altruistic and 6027 patients were attributed to the 205 physicians not categorized as altruistic. Adjusting for patient, physician, and practice characteristics, patients of altruistic physicians had a lower likelihood of any potentially preventable admission (odds ratio [OR], 0.60; 95% CI, 0.38-0.97; P = .03) and any potentially preventable emergency department visit (OR, 0.64; CI, 0.43-0.94; P = .02). Adjusted spending was 9.26% lower (95% CI, -16.24% to -2.27%; P = .01)., Conclusions and Relevance: This cross-sectional study found that Medicare patients treated by altruistic physicians had fewer potentially preventable hospitalizations and emergency department visits and lower spending. Policymakers and leaders of hospitals, medical practices, and medical schools may want to consider creating incentives, organizational structures, and cultures that may increase, or at least do not decrease, physician altruism. Further research should seek to identify these and other modifiable factors, such as physician selection and training, that may shape physician altruism. Research could also analyze the relationship between altruism and quality and spending in additional medical practices, specialties, and countries, and use additional measures of quality and of patient experience.
- Published
- 2024
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3. Impacts of resident physician unionization on house staff compensation.
- Author
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Tyagi S, Shah RJ, Huttler J, Kayani J, Ghovanloo MR, and Effraim PR
- Subjects
- Humans, United States, Cross-Sectional Studies, Internal Medicine education, Internal Medicine economics, Internship and Residency economics, Salaries and Fringe Benefits statistics & numerical data, Labor Unions, Physicians economics
- Abstract
Background: Physicians-in-training in the United States work long hours for relatively low wages. In response to increased economic burden, the popularity of unionization in residency training programs has increased dramatically. In this study, we conducted a cross-sectional investigation of the association between unionization status and Internal Medicine PGY-1 compensation and benefits., Methods and Findings: We compiled residency salary and benefits data from all Internal Medicine residency training programs in the United States. Using a mixed effects modeling approach, we evaluated the differences in salary and total compensation while adjusting for regional factors and cost-of-living differences. In aggregate, PGY-1 salary was higher for unionized vs. non-unionized programs ($69648 vs. $62214; [95% CI 670.7-3563.7]). However, there was no difference after adjusting for cost-of-living ($62515 vs $62475; [95% CI. -1317.5, 1299.7]). Unionized programs do however offer greater monetary benefits in the form of stipend disbursements, and total compensation is higher in unionized vs. non-unionized residency programs ($65887 vs $63515; [95% CI 607.6, 3551.5])., Conclusions: Unionized residency programs offer higher total compensation packages than their non-unionized counterparts. This increase in compensation is driven in large part by an increased variety and amount of stipend disbursement., Competing Interests: The authors have declared that no competing interests exist., (Copyright: © 2024 Tyagi et al. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.)
- Published
- 2024
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4. Sources of specialist physician fee variation: Evidence from Australian health insurance claims data.
- Author
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Yong J, Elshaug AG, Mendez SJ, Prang KH, and Scott A
- Subjects
- Humans, Australia, Male, Female, Insurance, Health economics, Insurance Claim Review, Middle Aged, Adult, Fees, Medical, Specialization, Fees and Charges, Medicine, Risk Factors, Physicians economics
- Abstract
This study explores the variation in specialist physician fees and examines whether the variation can be attributed to patient risk factors, variation between physicians, medical specialties, or other factors. We use health insurance claims data from a large private health insurer in Australia. Although Australia has a publicly funded health system that provides universal health coverage, about 44 % of the population holds private health insurance. Specialist physician fees in the private sector are unregulated; physicians can charge any price they want, subject to market forces. We examine the variation in fees using two price measures: total fees charged and out-of- pocket payments. We follow a two-stage method of removing the influence of patient risk factors by computing risk-adjusted prices at patient-level, and aggregating the adjusted prices over all claims made by each physician to arrive at physician-level average prices. In the second stage, we use variance-component models to analyse the variation in the physician-level average prices. We find that patient risk factors account for a small portion of the variance in fees and out-of-pocket payments. Physician-specific variation accounts for the bulk of the vari- ance. The results underscore the importance of understanding physician characteristics in formulating policy efforts to reduce fee variation., Competing Interests: Declaration of competing interest All authors declare no conflict of interest., (Copyright © 2024. Published by Elsevier B.V.)
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- 2024
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5. Trends in Botulinum Toxin-Related Industry Payments to Physicians.
- Author
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Torabi SJ, Vasudev M, Lonergan A, Hsu TI, Dalwadi PP, Wong BJF, and Kuan EC
- Subjects
- Humans, Cross-Sectional Studies, Botulinum Toxins economics, United States, Neuromuscular Agents economics, Neuromuscular Agents therapeutic use, Botulinum Toxins, Type A economics, Conflict of Interest economics, Cosmetic Techniques economics, Cosmetic Techniques trends, Physicians economics, Drug Industry economics
- Abstract
Objectives: To evaluate trends in botulinum toxin (BTX) industry payments to physicians. Methods: Cross-sectional analysis of nonroyalty, BTX-specific payments made by Allergan (Botox), Ipsen (Dysport), and Merz (Xeomin) to physicians using the 2016-2020 Open Payments Database. Results: Between 2016 and 2020, >$27 million in payments was made for BTX-related activities to dermatologists, neurologists, ophthalmologists, otolaryngologists, and plastic surgeons, with payments ranging from $3.9 million in 2016 to $8.7 million in 2019. 21.7% was paid to dermatologists, 57.5% to neurologists, 5.9% to ophthalmologists, 5.7% to otolaryngologists, and 9.1% to plastic surgeons. Conclusions: Growing amounts are being paid to physicians for BTX-related activities-both medical and aesthetic. Despite the variety of indications for BTX within otolaryngology, otolaryngology payments were overshadowed by other specialties, which may reflect greater BTX utilization in those specialties.
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- 2024
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6. Assessing the impact of the Physician Payments Sunshine Act on pharmaceutical companies' payments to physicians.
- Author
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Cheng S, Duan W, and Zhou W
- Subjects
- United States, Humans, Conflict of Interest economics, Disclosure legislation & jurisprudence, Drug Industry economics, Drug Industry legislation & jurisprudence, Physicians economics, Patient Protection and Affordable Care Act
- Abstract
Enacted in 2010 as part of the Affordable Care Act, the Physician Payments Sunshine Act (PPSA) mandates transparency in financial interactions between pharmaceutical companies and healthcare providers. This study investigates the PPSA's effectiveness and its impact on industry payments to physicians. Utilizing ProPublica and Open Payments databases, a difference-in-difference analysis was conducted across ten states. Results reveal a significant reduction in pharmaceutical companies' meal-related payments post-PPSA, impacting both the total payment amount and the number of unique physicians reached. Conversely, travel payments showed no significant impact in the primary analysis. However, subsequent analyses revealed nuanced reductions in the number of unique physicians reached, highlighting a more intricate relationship wherein pharmaceutical companies likely adjusted their financial interaction strategies with physicians differently across states. State-level variations in meals further underscore the complexity of PPSA's influence. This pioneering research contributes valuable empirical evidence, addressing gaps in prior studies and emphasizing the ongoing need for policy assessment to guide industry-physician relationships., Competing Interests: The authors have declared that no competing interests exist., (Copyright: © 2024 Cheng et al. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.)
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- 2024
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7. Industry Payments to Physicians.
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Sayed A and Foy AJ
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- Humans, Conflict of Interest, Disclosure, Drug Industry economics, Drug Industry ethics, United States, Physicians economics
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- 2024
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8. Rebuilding the Relative Value Unit-Based Physician Payment System.
- Author
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McMahon LF Jr and Song Z
- Subjects
- Humans, United States, Medicare economics, Physicians economics, Reimbursement Mechanisms economics, Relative Value Scales
- Published
- 2024
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9. [Personnel shortages in the healthcare sector-will de-economization solve or exacerbate the problem?]
- Author
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Penter V
- Subjects
- Humans, Health Care Sector economics, Workforce statistics & numerical data, Physicians supply & distribution, Physicians economics, Health Workforce statistics & numerical data
- Abstract
The healthcare industry has long complained about an acute shortage of skilled workers. Vacancies can often only be filled by skilled workers from abroad. While rural areas are increasingly experiencing a shortage of personnel, many urban centers continue to have an oversupply and a sufficient number of young doctors. Hospitals do not expect the situation to improve in the future. Hospitals are trying to counteract the negative development of the job situation in nursing staff. Government intervention can limit the economically motivated adjustment of resource utilization. The demand for staff will not fall as a result of de-economization., (© 2024. The Author(s), under exclusive licence to Springer Medizin Verlag GmbH, ein Teil von Springer Nature.)
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- 2024
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10. Salary equity in academic medicine physicians.
- Author
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Malhotra A, Futela D, Khunte M, Moily NS, Wu X, Payabvash S, and Gandhi D
- Subjects
- Humans, Physicians economics, Faculty, Medical economics, Academic Medical Centers economics, United States, Female, Male, Salaries and Fringe Benefits
- Abstract
Competing Interests: Conflicts of Interest None for all authors.
- Published
- 2024
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11. Equity Investment in Physician Practices: What's All This Brouhaha?
- Author
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Pauly MV and Burns LR
- Subjects
- Humans, United States, Practice Management, Medical economics, Private Sector, Patient Protection and Affordable Care Act, Public Sector, Physicians economics, Investments
- Abstract
There have been two waves of equity-based investment in physician practices. Both used a combination of public and private sources but in different mixes. The first investment wave, in the 1990s, was led by public equity and physician practice management companies, with less involvement by private equity (PE). The second investment wave followed the Affordable Care Act and was led by PE firms. It has generated concerns of wasteful spending, less cost-effective care, and initiatives harmful to patient welfare. This article compares the two waves and asks if they are parallel in important ways. It describes the similarities in the players, driving forces, acquisition dynamics, spurs to consolidation, types of equity involved, models to organize physicians, and levels of market penetration achieved. The article then tackles three unresolved issues: Does PE investment differ from other investment vehicles in concerning ways? Does PE possess capabilities that other investment vehicles lack and confer competitive advantage? Does physician practice investment offer opportunities for supernormal profits? It then discusses ongoing trends that may disrupt PE and curtail its practice investment. It concludes that past may be prologue, that is, what happened during the 1990s may well repeat, suggesting the PE threat is overblown., (Copyright © 2024 by Duke University Press.)
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- 2024
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12. Broken beyond repair: self regulation of industry payments to clinicians and hospitals.
- Author
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Ozieranski P and Mulinari S
- Subjects
- Humans, Physicians economics, Physicians ethics, United Kingdom, Hospitals ethics, Conflict of Interest, Drug Industry ethics, Drug Industry economics, Drug Industry legislation & jurisprudence
- Abstract
Competing Interests: Competing interests: SM’s partner is employed by ICON, a global contract research organisation whose customers include many pharmaceutical companies. PO's former PhD student was supported by a grant from Sigma Pharmaceuticals, a UK pharmacy wholesaler (not a pharmaceutical company).
- Published
- 2024
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13. Novo Nordisk failed to disclose £7.8m in payments to doctors and others over three years.
- Author
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Mahase E
- Subjects
- Humans, Physicians economics, Physicians ethics, United Kingdom, Drug Industry economics, Drug Industry ethics, Disclosure
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- 2024
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14. A scenario based approach to optimizing cost-effectiveness of physician-staffed Helicopter Emergency Medical Services compared to ground-based Emergency Medical Services in Finland.
- Author
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Ackermann A, Pappinen J, Nurmi J, Nordquist H, Saviluoto A, Mannila S, Mäkelä S, and Torkki P
- Subjects
- Humans, Finland, Male, Female, Quality-Adjusted Life Years, Middle Aged, Physicians economics, Quality of Life, Aged, Cost-Benefit Analysis, Air Ambulances economics, Emergency Medical Services economics
- Abstract
Objectives: Since Helicopter Emergency Medical Services (HEMS) is an expensive resource in terms of unit price compared to ground-based Emergency Medical Service (EMS), it is important to further investigate which methods would allow for the optimization of these services. The aim of this study was to evaluate the cost-effectiveness of physician-staffed HEMS compared to ground-based EMS in developed scenarios with improvements in triage, aviation performance, and the inclusion of ischemic stroke patients., Methods: Incremental cost-effectiveness ratio (ICER) was assessed by comparing health outcomes and costs of HEMS versus ground-based EMS across six different scenarios. Estimated 30-day mortality and quality-adjusted life years (QALYs) were used to measure health benefits. Quality-of-Life (QoL) was assessed with EuroQoL instrument, and a one-way sensitivity analysis was carried out across different patient groups. Survival estimates were evaluated from the national FinnHEMS database, with cost analysis based on the most recent financial reports., Results: The best outcome was achieved in Scenario 3.1 which included a reduction in over-alerts, aviation performance enhancement, and assessment of ischemic stroke patients. This scenario yielded 1077.07-1436.09 additional QALYs with an ICER of 33,703-44,937 €/QALY. This represented a 27.72% increase in the additional QALYs and a 21.05% reduction in the ICER compared to the current practice., Conclusions: The cost-effectiveness of HEMS can be highly improved by adding stroke patients into the dispatch criteria, as the overall costs are fixed, and the cost-effectiveness is determined based on the utilization rate of capacity., (© 2024. The Author(s).)
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- 2024
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15. Medicare for All as a Potential Reform for Emergency Physician Compensation.
- Author
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Mitchiner J
- Subjects
- United States, Humans, Physicians economics, Health Care Reform economics, Salaries and Fringe Benefits, Medicare economics, Emergency Medicine economics
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- 2024
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16. The COVID-19 Pandemic Led To A Large Decline In Physician Gross Revenue Across All Specialties In 2020.
- Author
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Parikh RB, Emanuel EJ, Zhao Y, Pagnotti DR, Pathak PS, Hagen S, Pizza DA, and Navathe AS
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- Humans, United States, Physicians economics, Pandemics economics, Medicine statistics & numerical data, SARS-CoV-2, Specialization economics, COVID-19 economics, COVID-19 epidemiology
- Abstract
US health care use declined during the initial phase of the COVID-19 pandemic in 2020. Although utilization is known to have recovered in 2021 and 2022, it is unknown how revenue in 2020-22 varied by physician specialty and practice setting. This study linked medical claims from a large national federation of commercial health plans to physician and practice data to estimate pandemic-associated impacts on physician revenue (defined as payments to eligible physicians) by specialty and practice characteristics. Surgical specialties, emergency medicine, and medical subspecialties each experienced a greater than 9 percent adjusted gross revenue decline in 2020 relative to prepandemic baselines. By 2022, pathology and psychiatry revenue experienced robust recovery, whereas surgical and oncology revenue remained at or below baseline. Revenue recovery in 2022 was greater for physicians practicing in hospital-owned practices and in practices participating in accountable care organizations. Pandemic-associated revenue recovery in 2021 and 2022 varied by specialty and practice type. Given that physician financial instability is associated with health care consolidation and leaving practice, policy makers should closely monitor revenue trends among physicians in specialties or practice settings with sustained gross revenue reductions during the pandemic.
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- 2024
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17. The Road To Value Can't Be Paved With A Broken Medicare Physician Fee Schedule.
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Berenson RA and Hayes KJ
- Subjects
- United States, Humans, Physicians economics, Reimbursement Mechanisms, Fee Schedules, Medicare economics, Fee-for-Service Plans economics
- Abstract
Value-based payment has been promoted for increasing quality, controlling spending, and improving patient and practitioner experience. Meanwhile, needed reforms to fee-for-service payment (the Medicare Physician Fee Schedule) have been ignored as policy makers seek to move payment toward alternatives, even though the fee schedule is an intrinsic part of Alternative Payment Models. In this article, we show how value-based payment and the fee schedule should be viewed as complementary, rather than as separate silos. We trace the origins of embedded flaws in the fee schedule that must be fixed if value-based payment is to succeed. These include payment distortions that directly compromise value by overpaying for certain procedures and imaging services while underpaying for services that add value for beneficiaries. We also show how the fee schedule can accommodate bundled payments and population-based payments that are central to Alternative Payment Models. We draw two conclusions. First, the Centers for Medicare and Medicaid Services should correct misvalued services and establish a hybrid payment for primary care that blends fee-for-service and population-based payment. Second, Congress should alter the thirty-five-year-old statutory basis for setting Medicare fees to allow CMS to explicitly consider policy priorities such as workforce shortages in refining fee levels.
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- 2024
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18. Can financial incentives improve access to care? Evidence from a French experiment on specialist physicians.
- Author
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Kingsada A
- Subjects
- Humans, France, National Health Programs economics, Motivation, Male, Reimbursement, Incentive statistics & numerical data, Female, Health Services Accessibility economics, Health Services Accessibility statistics & numerical data, Physicians statistics & numerical data, Physicians economics
- Abstract
In France, addressing balance billing is essential for equitable healthcare access and reducing physician income disparities. The National Health Insurance (NHI) introduced financial incentive programs, namely the "Contract for Access to Care" (CAS) in 2014 and the "Option for Controlled Pricing" (OPTAM) in 2017, to encourage physicians to reduce extra fees and adhere to regulated prices. This study analyzed the impact of these programs on self-employed physicians using a comprehensive administrative dataset covering specialist physicians from 2005 to 2017. The dataset comprised 9891 surgical specialists (30,972 observations) and 6926 medical specialists (21,650 observations) between 2005 and 2017. Applying a difference-in-differences design with a two-way fixed effect model and matching through the "Coarsened Exact Matching" method, the study examined CAS and/or OPTAM membership effects on physicians' activity and fees. The results indicate that both the CAS and OPTAM successfully enhance access to care. Physicians treat more patients, particularly those with lower incomes who might have previously avoided care because of the extra fees. However, an increased patient load translates to a higher workload for physicians. Despite a fee increase, it was observed to be smaller than the surge in activity. Furthermore, if all physicians are appropriately rewarded for their efforts, this improvement in access comes at a cost to NHI. This study's findings provide crucial insights into the nuanced effects of these financial incentive programs on physicians' behavior, highlighting the tradeoff between improved access and increased NHI costs. Ultimately, these findings underscore the complexity of balancing financial incentives, physician workload, and healthcare accessibility in pursuit of a more equitable healthcare system., Competing Interests: Declaration of competing interest The authors declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this article., (Copyright © 2024 The Author(s). Published by Elsevier Ltd.. All rights reserved.)
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- 2024
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19. Financial crossroads of care: physicians' struggle and patient outcomes.
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Marzouk S, Tu L, and Stanford FC
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- United States, Humans, Delivery of Health Care economics, Medicare economics, Physicians economics
- Abstract
In 2024, physicians face significant financial challenges due to declining Medicare reimbursement rates and high student loan interest rates, which will impact health care delivery and access.
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- 2024
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20. Industry Payments to Physicians Endorsing Drugs and Devices on a Social Media Platform.
- Author
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Persaud S, Al Hadidi S, Anderson TS, Gallagher G, Chimonas S, Korenstein D, and Mitchell AP
- Subjects
- Humans, Conflict of Interest, Disclosure, Equipment and Supplies economics, United States, Marketing economics, Marketing ethics, Cross-Sectional Studies, Professionalism economics, Professionalism ethics, Professionalism standards, Drug Industry economics, Drug Industry ethics, Physicians economics, Physicians ethics, Social Media economics, Social Media ethics
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- 2024
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21. SAS doctors in England accept government's pay offer.
- Author
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Iacobucci G
- Subjects
- England, Humans, Physicians economics, Salaries and Fringe Benefits economics, Salaries and Fringe Benefits legislation & jurisprudence, State Medicine economics
- Published
- 2024
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22. It's a jungle out there: Understanding physician payment and its role in group dynamics.
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Gifford R, Molleman E, and van der Vaart T
- Subjects
- Humans, Cooperative Behavior, Male, Female, Employment, Salaries and Fringe Benefits statistics & numerical data, Salaries and Fringe Benefits trends, Group Dynamics, Physicians economics
- Abstract
Although collaboration between healthcare professionals is essential for the delivery of effective, efficient, and high-quality care, it remains an ongoing and critical challenge across health systems. As a result, many countries are experimenting with innovative payment and employment models. The literature tends to focus on improving collaboration across organizational and sectoral boundaries, and largely ignores potential barriers to collaborative work between members of the same profession within a single organization. Despite intergroup dynamics and professional boundaries having been shown to restrict patient flow and collaboration between specialties, studies have so far tended to overlook the potential effects of differentiated organizational and payment models on physicians' behaviors and intergroup dynamics. In the present study, we seek to unpack the influence of physicians' payment and employment models on their collaborative behaviors and on intergroup dynamics between specialties, adding to the current scholarship on physician payment and employment by considering how physicians' view and act in response to different structural arrangements. The findings suggest that adopting hybrid models, in which physicians are employed or paid differently within the same organization or practice, creates a bifurcation of the profession whereby physicians across different models are perceived to behave differently and have conflicting professional values. These models are perceived to inhibit collaboration between physicians and complicate hospital governance, restricting the ability to move towards new models of care delivery. These findings can be used as a basis for future work that aims to unpack the reality of physician payment and offer important insights for policies surrounding physician employment., (Copyright © 2024 The Authors. Published by Elsevier Ltd.. All rights reserved.)
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- 2024
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23. Economic analysis of anaesthesia associates and specialty and specialist (SAS) doctors. Comment on Br J Anaesth 2024.
- Author
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Pandit JJ and Hanmer SB
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- Humans, United Kingdom, Anesthesiologists, Specialization, Physicians economics, Anesthesiology economics
- Published
- 2024
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24. Negative Secular Trends in Medicine: Part XI: The Salaries of Physicians Compared with Professional Athletes.
- Author
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Doroghazi RM
- Subjects
- Humans, United States, Physicians economics, Salaries and Fringe Benefits trends, Athletes
- Published
- 2024
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25. Financial conflicts of interest among presenters, panellists and moderators at haematology and oncology FDA workshops.
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Miller SL, Haslam A, and Prasad V
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- United States, Humans, Cross-Sectional Studies, Patient Advocacy, Physicians economics, Education economics, Disclosure, Conflict of Interest, Medical Oncology, Drug Industry economics, Hematology economics, United States Food and Drug Administration
- Abstract
Objective: To assess the characteristics and financial conflicts of interest of presenters, panellists and moderators at haematology and oncology workshops held jointly with or hosted by the US FDA., Setting: We included information on all publicly available haematology or oncology FDA workshop agendas held between 1 January 2018 and 31 December 2022., Exposure: General and research payments reported on Open Payments, industry funding to patient advocacy organizations reported on their webpages or 990 tax forms and employment in both pharmaceutical and regulatory settings., Results: Among physicians eligible for payments, 78% received at least one payment from the industry between 2017 and 2021. The mean general payment amount was $82,170 for all years ($16,434 per year) and the median was $14,906 for all years ($2981 per year). Sixty-nine per cent of patient advocacy speakers were representing organizations that received financial support from the pharmaceutical industry. Among those representing regulatory agencies or pharmaceutical companies, 16% had worked in both settings during their careers., Conclusions and Relevance: Our findings in this cross-sectional study show a majority of US-based physician presenters at haematology and oncology workshops held jointly with members of the US FDA have some financial conflict of interest with the pharmaceutical industry. These findings support the need for clear disclosures and suggest that a more balanced selection of presenters with fewer conflicts may help to limit bias in discussions between multiple stakeholders., (© 2024 Stichting European Society for Clinical Investigation Journal Foundation. Published by John Wiley & Sons Ltd.)
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- 2024
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26. Éliminer les causes profondes de l’écart salarial entre les sexes en médecine au Canada.
- Author
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Ruzycki SM, Sunba S, Ejaredar M, Yanchar N, and Daodu O
- Subjects
- Humans, Canada, Female, Male, Physicians, Women economics, Physicians economics, Salaries and Fringe Benefits statistics & numerical data, Sexism
- Abstract
Competing Interests: Intérêts concurrents:: Shannon Ruzycki déclare avoir reçu des subventions de recherche d’Alberta Innovates, des Instituts de recherche en santé du Canada (IRSC) et du Bureau des bourses en formation médicale et en santé de l’Université de Calgary, ainsi que des honoraires de l’Université d’Ottawa et de l’Université de l’Alberta. Natalie Yanchar déclare avoir reçu des subventions de recherche des IRSC; elle est chef de département adjointe au Département de chirurgie de l’Université de Calgary. Oluwatomilayo Daodu déclare avoir reçu des subventions de recherche du fonds de recherche clinique de l’École de médecine Cumming, du Bureau des bourses en formation médicale et en santé, d’une subvention Catalyseur du viceprésident (recherche) de l’Université de Calgary, de l’Institut de recherche de l’Hôpital pour enfants de l’Alberta et du Conseil de recherches en sciences humaines. Aucun autre intérêt n’a été déclaré.
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- 2024
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27. SAS doctors in England set to vote on new pay deal.
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Mahase E
- Subjects
- England, Humans, Politics, Physicians economics, Salaries and Fringe Benefits economics, Salaries and Fringe Benefits legislation & jurisprudence, State Medicine economics
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- 2024
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28. Pharmaceutical company payments to Australian doctors reported to Medicines Australia, 2019-22: a cross-sectional analysis.
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Forbes M, Bhowon Y, and Mintzes B
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- Australia, Cross-Sectional Studies, Humans, Conflict of Interest, Drug Industry economics, Drug Industry ethics, Physicians economics
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- 2024
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29. Explaining why increases in generic use outpace decreases in brand name medicine use in multisource markets and the role of regulation.
- Author
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Blankart KE and Vandoros S
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- Humans, Germany, Drug Costs, Health Expenditures, Physicians economics, Drugs, Generic economics, Drugs, Generic therapeutic use
- Abstract
Background: Healthcare systems worldwide face escalating pharmaceutical expenditures despite interventions targeting pricing and generic substitution. Existing studies often overlook unwarranted volume increases in multisource markets due to differential physician perceptions of brand name and generics., Objective: This study aims to explain the outpacing of generic medicine use over brand name use in multisource markets and assess the regulatory role, specifically examining the impact of reference pricing on volume and intensity increases., Methods: Analyzing German multisource prescription medicine markets from 2011 to 2014, we evaluate regulatory mechanisms and explore whether brand name and generic medicines constitute separate market segments. Using an Oaxaca-Blinder decomposition approach, we divide the differential in brand name versus generic medicine use rates into market structure and unobserved segment effects., Results: Generic use rates surpass same-market brand name substitution by 3.87 prescriptions per physician and medicine, on average. Reference pricing mitigated volume increase, treatment intensity and expenditure. Disparities in quantity and expenditure dynamics between brand name and generic segments are partially explained by market structure and segment effects., Conclusion: Generic medicine use effectively reduces expenditures but contributes to increased net prescription rates. Reference pricing may control medicine use, but divergent physician perceptions of brand name and generics, revealed by identified segment effects, call for nuanced policy interventions., Competing Interests: The authors have declared that no competing interests exist., (Copyright: © 2024 Blankart, Vandoros. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.)
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- 2024
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30. Journal Voices in the Civil Rights Era - New Horizons and Limits in Medical Publishing.
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Chowkwanyun M
- Subjects
- Humans, Black or African American, Editorial Policies, History, 20th Century, Hospitals history, Medicare economics, Medicare history, Periodicals as Topic history, Social Determinants of Health economics, Social Determinants of Health ethnology, Social Determinants of Health history, Social Determinants of Health legislation & jurisprudence, Sociological Factors, United States, White, Civil Rights history, Civil Rights legislation & jurisprudence, Community Participation history, Community Participation legislation & jurisprudence, Physicians economics, Physicians history, Physicians legislation & jurisprudence, Political Activism, Public Policy history, Public Policy legislation & jurisprudence, Publishing history, Systemic Racism ethnology, Systemic Racism history
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- 2024
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31. How medical insurance payment systems affect the physicians' provision behavior in China-based on experimental economics.
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Lin S, Sun Q, Zhou H, Yin J, and Zheng C
- Subjects
- Humans, China, Male, Female, Insurance, Health statistics & numerical data, Insurance, Health economics, Physicians economics, Physicians statistics & numerical data, Practice Patterns, Physicians' economics, Practice Patterns, Physicians' statistics & numerical data, Adult, Middle Aged, Health Status, Fee-for-Service Plans economics
- Abstract
Background: It introduced an artefactual field experiment to analyze the influence of incentives from fee-for-service (FFS) and diagnosis-intervention package (DIP) payments on physicians' provision of medical services., Methods: This study recruited 32 physicians from a national pilot city in China and utilized an artefactual field experiment to examine medical services provided to patients with different health status., Results: In general, the average quantities of medical services provided by physicians under the FFS payment were higher than the optimal quantities, the difference was statistically significant. While the average quantities of medical services provided by physicians under the DIP payment were very close to the optimal quantities, the difference was not statistically significant. Physicians provided 24.49, 14.31 and 5.68% more medical services to patients with good, moderate and bad health status under the FFS payment than under the DIP payment. Patients with good, moderate and bad health status experienced corresponding losses of 5.70, 8.10 and 9.42% in benefits respectively under the DIP payment, the corresponding reductions in profits for physicians were 10.85, 20.85 and 35.51%., Conclusion: It found patients are overserved under the FFS payment, but patients in bad health status can receive more adequate treatment. Physicians' provision behavior can be regulated to a certain extent under the DIP payment and the DIP payment is suitable for the treatment of patients in relatively good health status. Doctors sometimes have violations under DIP payment, such as inadequate service and so on. Therefore, it is necessary to innovate the supervision of physicians' provision behavior under the DIP payment. It showed both medical insurance payment systems and patients with difference health status can influence physicians' provision behavior., Competing Interests: The authors declare that the research was conducted in the absence of any commercial or financial relationships that could be construed as a potential conflict of interest., (Copyright © 2024 Lin, Sun, Zhou, Yin and Zheng.)
- Published
- 2024
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- View/download PDF
32. The Estimated Cost-Effectiveness of Physician-Staffed Helicopter Emergency Medical Services Compared to Ground-Based Emergency Medical Services in Finland.
- Author
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Ackermann A, Pappinen J, Nurmi J, Nordquist H, and Torkki P
- Subjects
- Finland, Humans, Physicians economics, Male, Female, Middle Aged, Cost-Benefit Analysis, Air Ambulances economics, Emergency Medical Services economics, Quality-Adjusted Life Years
- Abstract
Objective: Because the unit cost of helicopter emergency medical services (HEMS) is higher than traditional ground-based emergency medical services (EMS), it is important to further investigate the impact of HEMS. The aim of this study was to evaluate the cost-effectiveness of physician-staffed HEMS compared with ground-based EMS in Finland under current practices., Methods: The incremental cost-effectiveness ratio was evaluated using the differences in outcomes and costs between HEMS and ground-based EMS. The estimated mortality within 30 days and quality-adjusted life years (QALYs) were used to measure health benefits. Quality of life was estimated according to the EuroQoL scale, and a 1-way sensitivity analysis was conducted on the QALY indexes ranging from 0.6 to 0.8. Survival rates were calculated according to the national HEMS database, and the cost structure was estimated at 48 million euros based on financial statements., Results: HEMS prevented the 30-day mortality of 68.1 patients annually, with an incremental cost-effectiveness ratio of €43,688 to €56,918/QALY. Fixed costs accounted for 93% of HEMS expenses because of 24/7 operations, making the capacity utilization rate a major determinant of total costs., Conclusion: HEMS intervention is cost-effective compared with ground-based EMS and is acceptable from a societal willingness-to-pay perspective. These findings contribute valuable insights for health care management decision making and highlight the need for future research for service optimization., Competing Interests: Declaration of Competing Interest The author(s) have no relevant disclosures. There was no grant funding or financial support for this manuscript., (Copyright © 2023 The Authors. Published by Elsevier Inc. All rights reserved.)
- Published
- 2024
- Full Text
- View/download PDF
33. Trends in Industry-Sponsored Research Payments to Physician Principal Investigators.
- Author
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Su ZT, Hammadeh Z, Cheaib JG, Jing Y, Trock BJ, and Han M
- Subjects
- Humans, Research Support as Topic economics, Research Support as Topic trends, Drug Industry economics, Physicians economics, United States, Biomedical Research economics, Conflict of Interest, Research Personnel economics
- Published
- 2024
- Full Text
- View/download PDF
34. The cost of influence: How gifts to physicians shape prescriptions and drug costs.
- Author
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Newham M and Valente M
- Subjects
- Humans, Practice Patterns, Physicians' economics, United States, Hypoglycemic Agents economics, Hypoglycemic Agents therapeutic use, Drug Prescriptions economics, Physicians economics, Male, Gift Giving, Drug Industry economics, Drug Costs
- Abstract
This paper investigates the influence of gifts - monetary and in-kind payments - from drug firms to US physicians on prescription behavior and drug costs. Using causal models and machine learning, we estimate physicians' heterogeneous responses to payments on antidiabetic prescriptions. We find that payments lead to increased prescription of brand drugs, resulting in a cost rise of $23 per dollar value of transfer received. Paid physicians show higher responses when they treat higher proportions of patients receiving a government-funded low-income subsidy that lowers out-of-pocket drug costs. We estimate that introducing a national gift ban would reduce diabetes drug costs by 2%., Competing Interests: Declaration of competing interest The authors declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this paper., (Copyright © 2024 The Author(s). Published by Elsevier B.V. All rights reserved.)
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- 2024
- Full Text
- View/download PDF
35. Physician Perspectives on Private Equity Investment in Health Care.
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Zhu JM, Zeveney A, Read S, and Crowley R
- Subjects
- Humans, United States, Private Sector, Delivery of Health Care economics, Attitude of Health Personnel, Investments, Physicians economics
- Published
- 2024
- Full Text
- View/download PDF
36. Discrepancies in Conflict-of-Interest Disclosures Among Physicians Receiving Compensation for Monoclonal Antibody Drugs.
- Author
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Mesiti A, Herre M, Jafari MD, and Pigazzi A
- Subjects
- Humans, Cross-Sectional Studies, Retrospective Studies, Compensation and Redress ethics, Conflict of Interest economics, Disclosure ethics, Physicians economics, Physicians ethics, Antibodies, Monoclonal economics, Drug Industry economics, Drug Industry ethics
- Abstract
Background: Monoclonal antibody drugs are widely used, highly marketed, expensive compounds. Relationships between these drug manufacturers and physicians may increase the potential for bias in relevant studies., Objective: The aim of this study is to determine the rate of disclosures among physicians receiving compensations for monoclonal antibody drugs (MAbDs)., Design: This is a retrospective, population-based, cross-sectional study., Participants: The 50 physicians who received the highest financial compensation for selected MAbDs from 2016 to 2020 were included., Main Measures: Payment data were obtained from the Open Payments Database, bibliometric data were obtained from SCOPUS, and disclosure data were obtained from relevant publications found in PubMed. The primary outcome was rate of disclosure concordance between self-declared conflict-of-interest and industry-reported payments documented in the Open Payments Database., Key Results: Of the 50 physicians examined, 74% (N = 37) had publications examined. A cumulative 6170 payments totaling $18,484,228 were analyzed. A total of 418 relevant papers were reviewed. The rate of full disclosure (all relevant financial relationships disclosed) was 39.5%, partial disclosure (some but not all financial relationships disclosed) was 28.0%, and no disclosure was 26.3%. 6.2% did not require disclosure. Publications authored by dermatologists had the highest rate of full disclosure at 49.3%. There was no association between h-index and disclosure rate. Practice guidelines had the highest rate of full disclosure at 69.2% while basic science papers had the lowest (0%). Lastly, substantial variations in specific journal disclosure policies were found., Conclusions: Substantial inconsistencies were found between self-reported disclosures and the Open Payments Database among physicians receiving high compensation for MAbDs. A policy of full disclosure for all publications should be adopted., (© 2023. The Author(s), under exclusive licence to Society of General Internal Medicine.)
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- 2024
- Full Text
- View/download PDF
37. Hospital Consolidation and Physician Unionization.
- Author
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Schulman K and Richman B
- Subjects
- Humans, United States, Patient Protection and Affordable Care Act organization & administration, Professional Autonomy, Collective Bargaining economics, Collective Bargaining organization & administration, Employment economics, Health Facility Merger economics, Health Facility Merger organization & administration, Labor Unions economics, Labor Unions organization & administration, Physicians economics, Physicians organization & administration, Delivery of Health Care economics, Delivery of Health Care organization & administration
- Published
- 2024
- Full Text
- View/download PDF
38. Losing NHS doctors early is costing £2.4bn a year, BMA estimates.
- Author
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Iacobucci G
- Subjects
- Humans, United Kingdom, Physicians economics, State Medicine economics
- Published
- 2024
- Full Text
- View/download PDF
39. Current Comment.
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- Virginia, United States, Education, Physicians economics, Physicians legislation & jurisprudence, Professional Practice economics, Professional Practice legislation & jurisprudence, Taxes economics, Taxes legislation & jurisprudence, Universities, Public Health education
- Published
- 2024
- Full Text
- View/download PDF
40. Industry Payments to US Physicians by Specialty and Product Type.
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Sayed A, Ross JS, Mandrola J, Lehmann LS, and Foy AJ
- Subjects
- Humans, Conflict of Interest economics, Databases, Factual, Retrospective Studies, United States, Economics, Medical, Drug Industry economics, Physicians economics, Equipment and Supplies economics
- Published
- 2024
- Full Text
- View/download PDF
41. Changes in Health Care Workers' Economic Outcomes Following Medicaid Expansion.
- Author
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Matta S, Chatterjee P, and Venkataramani AS
- Subjects
- Humans, Health Care Sector economics, Health Care Sector statistics & numerical data, Physicians economics, Physicians statistics & numerical data, United States epidemiology, Economic Status statistics & numerical data, Economic Factors, Health Personnel economics, Health Personnel statistics & numerical data, Medicaid economics, Medicaid statistics & numerical data, Patient Protection and Affordable Care Act economics, Patient Protection and Affordable Care Act statistics & numerical data, Income statistics & numerical data
- Abstract
Importance: The extent to which changes in health sector finances impact economic outcomes among health care workers, especially lower-income workers, is not well known., Objective: To assess the association between state adoption of the Affordable Care Act's Medicaid expansion-which led to substantial improvements in health care organization finances-and health care workers' annual incomes and benefits, and whether these associations varied across low- and high-wage occupations., Design, Setting, and Participants: Difference-in-differences analysis to assess differential changes in health care workers' economic outcomes before and after Medicaid expansion among workers in 30 states that expanded Medicaid relative to workers in 16 states that did not, by examining US individuals aged 18 through 65 years employed in the health care industry surveyed in the 2010-2019 American Community Surveys., Exposure: Time-varying state-level adoption of Medicaid expansion., Main Outcomes and Measures: Primary outcome was annual earned income; secondary outcomes included receipt of employer-sponsored health insurance, Medicaid, and Supplemental Nutrition Assistance Program benefits., Results: The sample included 1 322 263 health care workers from 2010-2019. Health care workers in expansion states were similar to those in nonexpansion states in age, sex, and educational attainment, but those in expansion states were less likely to identify as non-Hispanic Black. Medicaid expansion was associated with a 2.16% increase in annual incomes (95% CI, 0.66%-3.65%; P = .005). This effect was driven by significant increases in annual incomes among the top 2 highest-earning quintiles (β coefficient, 2.91%-3.72%), which includes registered nurses, physicians, and executives. Health care workers in lower-earning quintiles did not experience any significant changes. Medicaid expansion was associated with a 3.15 percentage point increase in the likelihood that a health care worker received Medicaid benefits (95% CI, 2.46 to 3.84; P < .001), with the largest increases among the 2 lowest-earning quintiles, which includes health aides, orderlies, and sanitation workers. There were significant decreases in employer-sponsored health insurance and increases in SNAP following Medicaid expansion., Conclusion and Relevance: Medicaid expansion was associated with increases in compensation for health care workers, but only among the highest earners. These findings suggest that improvements in health care sector finances may increase economic inequality among health care workers, with implications for worker health and well-being.
- Published
- 2024
- Full Text
- View/download PDF
42. Hospital Prices for Physician-Administered Drugs for Patients with Private Insurance.
- Author
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Robinson JC, Whaley C, and Dhruva SS
- Subjects
- Humans, Health Personnel, Hospitals, Insurance Carriers, Physicians economics, Private Sector, Insurance Claim Review economics, Insurance Claim Review statistics & numerical data, United States epidemiology, Infusions, Parenteral economics, Infusions, Parenteral statistics & numerical data, Economics, Hospital statistics & numerical data, Professional Practice economics, Professional Practice statistics & numerical data, Blue Cross Blue Shield Insurance Plans economics, Blue Cross Blue Shield Insurance Plans statistics & numerical data, Insurance, Health economics, Fees, Pharmaceutical, Hospital Charges, Pharmaceutical Preparations administration & dosage, Pharmaceutical Preparations economics
- Abstract
Background: Hospitals can leverage their position between the ultimate buyers and sellers of drugs to retain a substantial share of insurer pharmaceutical expenditures., Methods: In this study, we used 2020-2021 national Blue Cross Blue Shield claims data regarding patients in the United States who had drug-infusion visits for oncologic conditions, inflammatory conditions, or blood-cell deficiency disorders. Markups of the reimbursement prices were measured in terms of amounts paid by Blue Cross Blue Shield plans to hospitals and physician practices relative to the amounts paid by these providers to drug manufacturers. Acquisition-price reductions in hospital payments to drug manufacturers were measured in terms of discounts under the federal 340B Drug Pricing Program. We estimated the percentage of Blue Cross Blue Shield drug spending that was received by drug manufacturers and the percentage retained by provider organizations., Results: The study included 404,443 patients in the United States who had 4,727,189 drug-infusion visits. The median price markup (defined as the ratio of the reimbursement price to the acquisition price) for hospitals eligible for 340B discounts was 3.08 (interquartile range, 1.87 to 6.38). After adjustment for drug, patient, and geographic factors, price markups at hospitals eligible for 340B discounts were 6.59 times (95% confidence interval [CI], 6.02 to 7.16) as high as those in independent physician practices, and price markups at noneligible hospitals were 4.34 times (95% CI, 3.77 to 4.90) as high as those in physician practices. Hospitals eligible for 340B discounts retained 64.3% of insurer drug expenditures, whereas hospitals not eligible for 340B discounts retained 44.8% and independent physician practices retained 19.1%., Conclusions: This study showed that hospitals imposed large price markups and retained a substantial share of total insurer spending on physician-administered drugs for patients with private insurance. The effects were especially large for hospitals eligible for discounts under the federal 340B Drug Pricing Program on acquisition costs paid to manufacturers. (Funded by Arnold Ventures and the National Institute for Health Care Management.)., (Copyright © 2024 Massachusetts Medical Society.)
- Published
- 2024
- Full Text
- View/download PDF
43. Physician-Based Approaches to Price Transparency: A Solution in Search of a Problem?
- Author
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Glied S
- Subjects
- Humans, Health Care Costs, Insurance Coverage economics, Insurance, Health economics, Physicians economics, United States, Disclosure
- Abstract
Physician-based transparency approaches have been advanced as a strategy for informing patients of the likely financial consequences of using services. The structure of health care pricing and insurance coverage, and the low uptake of existing tools, suggest these approaches are likely to be unwieldy and unsuccessful. They may also generate new ethical challenges.
- Published
- 2024
- Full Text
- View/download PDF
44. Medicare Physician Fee Schedule.
- Author
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Blankenship JC, Arnold A, and Tuohy ER 4th
- Subjects
- Aged, Humans, Physicians economics, United States, Fees, Medical standards, Medicare economics
- Published
- 2023
- Full Text
- View/download PDF
45. Medicare Physician Fee Schedule.
- Author
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Chiodo CP, Healey MJ, and Talbot SG
- Subjects
- Aged, Humans, United States, Physicians economics, Medicare economics, Fees, Medical standards
- Published
- 2023
- Full Text
- View/download PDF
46. Medicare Physician Fee Schedule-Reply.
- Author
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Emanuel EJ and Berenson RA
- Subjects
- Aged, Humans, Medicare Part B economics, Relative Value Scales, United States, Fee Schedules economics, Medicare economics, Physicians economics
- Published
- 2023
- Full Text
- View/download PDF
47. Medicare Physician Fee Schedule.
- Author
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Jahraus CD, Wallner PE, and Heron DE
- Subjects
- Aged, Humans, United States, Physicians economics, Medicare economics, Fees, Medical standards
- Published
- 2023
- Full Text
- View/download PDF
48. Medicare Physician Fee Schedule.
- Author
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Rizer NW
- Subjects
- Aged, Humans, Physicians economics, United States, Fees, Medical standards, Medicare economics
- Published
- 2023
- Full Text
- View/download PDF
49. Medicare Physician Fee Schedule.
- Author
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Resneck JS Jr
- Subjects
- Aged, Humans, Medicare Part B economics, Relative Value Scales, United States, Fee Schedules economics, Medicare economics, Physicians economics
- Published
- 2023
- Full Text
- View/download PDF
50. Medicare Physician Payment in Need of Major Repair.
- Author
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Resneck JS Jr
- Subjects
- Aged, Humans, United States, Medicare economics, Physicians economics, Reimbursement Mechanisms economics
- Published
- 2023
- Full Text
- View/download PDF
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