Despite considerable federal investment, graduate medical education (GME) financing is neither transparent for estimating residency training costs nor accountable for effectively producing a physician workforce that matches the nation’s health care needs.
GAO Report: HHS Needs Better Information to Assess Impact of Federal Programs on the Physician Workforce
In 2015, the federal government spent $14.5 billion to fund graduate medical education training for physicians. The U.S. Department of Health and Human Services (HHS) was responsible for 90 percent of this spending. A new report by the U.S. Government Accountability Office (GAO) recommends information that the agency can collect to aid in determining whether the programs are helping to ensure that enough doctors with specialties that people need will be in the places where our country needs them.
Training Leaders to Ensure Equity in the Health Workforce
The 16 professionals from around the world who were selected as 2018 Leaders in Health Equity recently began their fellowships with a trip to Washington, DC. During the two weeks they spent in the U.S. capital they began enhancing their abilities to advance health workforce equity.
New Data on the Cost-shifting Debate Published in the National Bureau of Economic Research
New research published by the nonprofit, nonpartisan National Bureau of Economic Research provides new data on a longstanding debate in health economics and health policy: whether or not hospitals “cost-shift” by adjusting prices with private insurers following reductions in public funding. The new analysis shows that between 2010 and 2015, hospitals reacted to reduced Medicare payments by negotiating 1.6 percent average higher payments from private insurers, increased prices that added an average of $86,500 per hospital for acute care claims for privately insured patients to offset reim
Blog: Health Management Implications of the New Healthcare Company Being Formed by Amazon, JP Morgan Chase and Berkshire Hathaway
The creation of a new health company by Amazon, JP Morgan Chase and Berkshire Hathaway has major potential implications to the existing healthcare business model. I am hopeful that these three well-run businesses will be able to build on their strengths in technology, innovation, analytics, underwriting and insurance, and mergers and acquisitions to create a new approach to healthcare that inspires others to follow suit.