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10 specialties with the most physicians at $5M+ net worth

By Patsy Newitt for Becker’s Hospital Review Plastic surgery is the specialty with the most physicians most likely to report net worth exceeding $5 million, according to Medscape’s “Physician Wealth & Debt Report 2021.” The report, released June 10, includes responses from 13,000 physicians in more than 29 specialties. The 10 specialties: Plastic surgery: 26 percent Orthopedics:…

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Hospitals to experience financial strain over the next decade, report says

By Susan Morse for Becker’s Hospital Review Hospitals will experience a slowing of inpatient admissions but an increase in the length of adult inpatient stays, the latter being fueled in part by long COVID-19 and a rise in chronic conditions, according to a new report from Vizient and its subsidiary Sg2. This will lead to greater financial…

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Ransomware attacks on healthcare organizations up 94%

By Naomi Diaz for Becker’s Hospital Review Ransomware attacks on healthcare organizations globally increased by 94 percent year over year, according to a 2022 report from cybersecurity firm Sophos. The report surveyed 5,600 IT professionals and included interviews with 381 healthcare IT professionals from 31 countries. Five things to know: In 2021, 66 percent of healthcare organizations…

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AMA Announces CPT Update for Pediatric COVID-19 Vaccine Candidate

From For the Record The American Medical Association (AMA) recently announced an editorial update to CPT, the nation’s leading medical terminology code set for describing health care procedures and services, that includes new product and administration codes assigned to the Moderna COVID-19 vaccine for children 6 months through 5 years old. The provisional CPT codes are…

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Internal Audits Help Combat Payer Risk

By Dawn Crump, MA, CHC, SSBB for For the Record Wonder Woman has a golden lasso. Captain America has an impenetrable shield. Thor has a lightning hammer. Just as these magical tools bolster superheroes’ defenses, insights gleaned from internal audits are your organization’s superpower to prevent revenue recoupment and drive down risk. Audits identify revenue…

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ChristianaCare rolls out ‘cobots’ to help nurses with nonclinical tasks

By Mike Millard for Healthcare IT News ChristianaCare this week announced some new help to augment its workforce: robotic assistants that can help nurses and other hospital staff spend more time with patients by automatic certain time-intensive tasks. WHY IT MATTERS The technology, called Moxi, is a collaborative robot that can work alongside nurses and…

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Employees cause more cyber breaches in healthcare than other industries, report finds

By Rebecca Pifer for Healthcare Dive Dive Brief: Internal actors continue to pose a sticky cybersecurity problem for healthcare companies despite not causing a majority of data breaches, according to a new data breach report from Verizon. Employees were responsible for 39% of healthcare breaches last year. That’s compared to just 18% across all industries,…

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Social determinants of health and medical coding: What to know

Andeis Robezienks for AMA Recognition of the impact that social determinants of health (SDOH) have on patients’ outcomes is growing, as is the desire to incorporate SDOH factors into patient-care plans. But awareness of an existing data infrastructure that could help physician practices do so is limited. “The clinical care we provide only accounts for…

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Physicians with their own practices are more satisfied with EHRs, study finds

By Giles Bruce for Becker’s Hospital Review Physicians who own their practices are more satisfied with their electronic health records than physicians who don’t, an April 21 investigation in JAMA Network Open found. The researchers looked at 1,368 responses to the 2019 National Electronic Health Records Survey and found that 68.1 percent of respondents in physician-owned practices reported…

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3 ways to build trust in health AI

By Georgina Gonzalez for Becker’s Hospital Review The fourth industrial revolution that brought digital technology to lives around the world has the potential to revolutionize healthcare through artificial intelligence, but before it can, it must be widely trusted by both patients and physicians, according to a World Economic Forum article published May 24. To build a foundation…

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