Medicus Healthcare Solutions

How Practices Can Increase Efficiency, Become More Lucrative

And four more news items for hospital leaders, practice managers, and other healthcare executives to peruse this week

  • Earlier this month, Healthcare Finance shared results from Medical Group Management Association’s 2017 MGMA DataDive Cost and Revenue Survey. The findings—based on information from 2,900-plus organizations and 40 specialties and practice types—show that utilizing nurse practitioners, physician assistants, and other non-physician providers, as well as key support staff, is a crucial driver of increased productivity and profitability at medical groups.
  • According to Modern Healthcare’s 37th annual Executive Compensation Survey, which looked at roughly 1,200 healthcare organizations, compensation for innovative hospital and health system executives continues to climb. Findings convey the average total cash compensation across three dozen health system executive roles grew 6 percent from 2016 to 2017, and 11 hospital executive positions that were studied saw a 3.1 percent annual increase.
  • An op-ed piece in Managed Healthcare Executive looks at how giving physician assistants (PAs) full practice authority can decrease costs, yield quality outcomes, and more. For instance, one way to achieve these goals, as cited in the article, is to develop a more ideal approach to the delivery of care as PAs can make diagnoses, prescribe medications, and establish and oversee care plans within their legal scope of practice.
  • A straightforward mathematical formula can help medical practices become more discerning when designating funds for advertising, as reported by ModernMedicine Network. According to its creator, The Barrows Popularity Factor relegates the association between advertising and sales to its lowest possible common denominator. Yet instead of calculating in dollars, the math compares units per gross impressions (i.e., the number of ads multiplied by the audience per ad).
  • As announced in a PRWeb press release, new cloud-based software created by Acuity Link—a firm that provides technology services to facilities and medical transport providers—promises faster hospital visits. The workflow tool was created to help healthcare organizations better manage patient discharges through the process of booking non-emergency transportation, which could improve efficiency, the patient experience, clinical outcomes, and use of beds.

Call Medicus Healthcare Solutions at 855-301-0563 for assistance with your locum tenens staffing and permanent placement needs, and read our blogs for other helpful information.