About 31 percent of emergency medicine specialists are still paying off student loans, the most of any specialty, according to Medscape’s 2023 “Physician Wealth and Debt Report.”
Category: ROOT
The best end-to-end RCM software, per Black Book
Here are the highest-rated end-to-end revenue cycle management software and services for 2023, according to a survey of healthcare financial leaders conducted by Black Book Research.
Where physicians took financial hits
Thirty-six percent of physicians experienced financial losses in bad investments or the stock market, according to Medscape’s “Physician Wealth & Debt Report 2023.”
Inova's workplace safety strategy sees 60% reduction in violence
Falls Church, Va.-based Inova Health System formed a multidisciplinary team to promote safety and de-escalation after recording 648 instances of workplace violence in 2021. Since creating the team, violence in the system’s emergency departments has dec…
Colorado physician to pay $1M for illegal drug distribution, banking activity
Greenwood Village, Colo.-based psychiatrist Howard Weiss, MD, has been sentenced to six months in prison and must pay nearly $1 million for illegal controlled substance distribution.
Physicians' biggest expenses, debts
Sixty-one percent of physicians are paying off their primary residence’s mortgage, according to Medscape’s “Physician Wealth & Debt Report 2023.”
Novartis will buy Chinook Therapeutics for $3.5B
Novartis announced June 12 that it will acquire Chinook Therapeutics, a Seattle-based biopharmaceutical company that develops novel kidney medicines, for a total value of $3.5 billion.
How Mayo Clinic will use generative AI to search through EHRs
Rochester, Minn.-based Mayo Clinic is using Google Cloud’s generative artificial intelligence application that uses an AI-based chatbot to receive questions, pull information from internal web pages and documents and summarize information from EHRs to …
Viewpoint: Why ChatGPT could lead to a 'two-tier' healthcare system
ChatGPT and similar generative artificial intelligence technologies present a “bleak outlook for interoperability and fairness,” a business tech professor wrote in Health Affairs.
10 specialties with the most physicians worth less than $500,000
Family medicine is the specialty with the most physicians reporting a net worth under $500,000, according to Medscape’s “Physician Wealth & Debt Report 2023.”
