Here's The Latest in Health Care:
• After a year of significant disruption, U.S. physician groups are starting to see signs of financial recovery according to a new report from Kaufman Hall. Physician groups across the country continued to see key performance metrics return to near pre-pandemic levels in the first quarter of 2021, suggesting an end in sight to the volatility driven by COVID-19 that rocked practices throughout 2020. Read More
• Some experts argue that in order to achieve alternative payment models that improve care quality and yield lower costs, payers may need to implement patient-centered models designed by physicians. Moving away from a one-size-fits-all APM model and focusing on condition-based models that include a variety of inpatient and outpatient treatments and procedures can reduce barriers and improve costs and patient health outcomes. Read More
• Independent physicians are becoming increasingly rare in the United States. A new report revealed that hospitals and corporate entities, which include insurers or private equity groups, now own nearly half of the physician practices in this country and employ nearly 70% of U.S. physicians. Read More
• Physicians spend significant time performing nonpatient-facing tasks like documentation, that are necessary but ultimately take time away from one-to-one patient care. Technology solutions, such as those powered by artificial intelligence, can reduce the amount of time spent away from the patient, vastly improving both the patient and physician experience. Read More
Each Friday, Signor Goat reports the latest from the week in health care. Check back next Friday for your dose of our little medical corner of health care news. Brought to you by pMD, innovators in charge capture, medical billing, revenue cycle management, telehealth, secure messaging, clinical communication, and care navigation software.