Over the past decade, the number of non-physician providers (NPPs) practicing within hospitals has increased dramatically, especially in hospitalist programs. This is largely due to the increased demand for streamlined inpatient medical care and an inadequate supply of physicians. Additionally, the fact that the cost of hiring NPPs is just a fraction of the cost of hiring physicians certainly adds incentive for programs nationwide to embrace the practice. The lack of consensus regarding the proper use of NPPs, however, is widespread and concerning.  Hospitals—and hospitalist programs in particular— must strive toward a more structured collaboration between physicians and NPPs. While each hospital is unique and therefore requires specific staffing and scheduling solutions, there are some common characteristics of programs that have successfully integrated NPPs. Here are the “Top 10 Keys to Success”: 1.    Avoid assigning NPPs to clerical tasks that absolutely do not match their skill sets 2.    Focus on great patient care and involve the NPPs as partners in the process3.    Insist on CME maintenance and participation in didactics4.    Recognize the NPP as a provider and, as such, insist on a mutually respectful work environment 5.    Provide a thorough orientation process to build strong relationships and trust among all…
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On June 28th, the US Supreme Court voted to uphold the Patient Protection and Affordable Care Act (PPACA). The 5-4 decision likely satisfied a few eager constituents, but many people (including physicians) are still unaware of the actual provisions in this law. The ruling created more points for discussion since it was based on Congress’ authority to impose a tax penalty on some people who choose not to purchase health insurance. All this controversy notwithstanding, the ACA was ruled constitutional. Healthcare providers need to therefore make every effort to understand its implications as we strive to be better patient advocates. The expansion of Medicaid was also a noteworthy point in the Supreme Court ruling. The court affirmed the constitutionality of this ACA provision for people with incomes up to 133 percent of the federal poverty level – with a caveat that limits the federal governments ability to terminate existing Medicaid funding to states that choose to opt out. Since most of us providers have difficulty simply keeping up with our journal reading, I doubt our schedules will permit a page-by-page review of the PPACA law – it is over 900 pages. Fortunately, the Henry J. Kaiser Family Foundation released a…
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Many surveys indicate that hospitalists whose compensation is mostly based on productivity have a higher total compensation and, for that matter, higher productivity. Hospitalists, especially those who are employed, are unwilling to accept compensation that is mostly based on productivity, in spite of survey evidence indicating their potential for greater financial rewards. Try to strike a happy medium that satisfies physicians' need for a base salary while allowing some compensation to remain at risk. That will help to drive desired behaviors, such as increased productivity, increased patient satisfaction survey scores and improved performance on other various hospital initiatives. One place to start would be setting the base salary between 75% and 80% of the total estimated compensation. The remainder should be based on incentives that are aligned with organizational goals. For information on how Medicus Consulting Services can help you design a competitive compensation package for your market, please fill out this short form to Request a Call from one of our consulting physicians.  
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Over the past decade, organizations such as SHM, MGMA and Today’s Hospitalist Magazine have conducted surveys that give both prospective employers and hospitalists a glimpse of the national hospitalist marketplace. These reports indicate national and regional data including hospitalist activity, work type, workload and productivity. The data is very important for establishing general trends and ranges, but the question remains: What can an employer do to attract and retain qualified hospitalists? One very important and impactful element is the compensation package, but the decision-makers in hospitalist programs should do their due diligence in seeking out comparables. Each program has so many unique aspects that even after a careful review of the local market and regional data, programs must exercise caution when interpreting those figures. How to compare? First, what is the key clinical and non-clinical hospitalist duties required in a new (or reorganized) service? What will each hospitalist's job look like in year 1, 2, 5 and beyond? Next, review the available surveys that give details of hospitalist activities, and try to pinpoint the most pertinent categories and survey results that apply to your institution. Then, make every attempt to investigate the local market. This is easier said than done…
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By Mark Ledger What are the different types of Medical Malpractice coverage available and what are the general/significant differences? There are really only two types of policies that are available for physicians. One is a claims-made policy which is the type used the most by carriers. The other is an occurrence form policy. The main difference between a claims-made policy and an occurrence form policy is the way claims are reported.  Claims-Made Policy A claims-made policy covers you for any covered claim provided you were insured when the claim was made and the claim occurs after the retroactive date on the policy. With a claims-made policy, an insured must report claims in the policy year they were informed of the claim subject to the policy's retroactive date. For example, if a physician has a claim filed against them in 2010 but the claim occurred in 2005, the claim would still fall to their 2010 policy as long as their policy has a retroactive date on or before the claim. If you stop purchasing claims made coverage or coverage at all, you will need to purchase a tail for your previous exposure. Also, when switching carriers, you must keep your retroactive…
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By Gary Pittsford, CFP® President and CEO, Castle Wealth Advisors, LLC   Young physicians who have just finished their residency have a lot of financial topics on their minds. Which student loan do you pay off first? Should you rush out and buy a home because the prices are down at this time? 
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By Adam Barlow Locum work can be beneficial for any doctor.  However, it is best to be selective when accepting locum assignments.  Picking the right locum assignment will give you something great to add to your CV.  Yes, taking on an assignment in a tropical location is nice, but how will that help your career?  My recommendation is to save the tropical destination for a family vacation.   A good locum assignment will give you more responsibility than your typical day on the job.  Hospitals are always trying to improve what they do and how they do it.  Being part of their goals and helping them accomplish them will leave you with good recommendations from hospital executives and medical directors as well as give you something to add to your CV. What types of assignments are best? Look for an assignment where you will be assisting with a transition between employment models, an expanding practice, a launch of a new program, or a consulting project.  All of these scenarios typically lead to positive changes within a hospital.  Accepting a locum assignment under these types of scenarios is going to give you experience in helping a hospital make improvements.  Being involved…
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