by admin | Oct 15, 2021 | Around MDSP
As the Delta variant continues to spread, it is also prolonging the shortage of workers across the healthcare industry, straining hospital profitability and adding to burnout rates, according to a report from Moody’s Investor Service. In addition, the shortage of hospital workers has hampered recruitment and retention and driven up wages, and that report predicts will continue into next year. Therefore, this will lead to a further decline in profit margins.
“Even after the pandemic, competition for labor is likely to continue as the population ages – a key social risk – and demand for services increases,” the report concluded. “Even if the near-term shortage is contained, rising demand for healthcare as the U.S. population ages will continue to put pressure on the supply of nurses and workers over the longer term.”
To dive deeper into why this matters and what this means, read the full article by clicking the link below.
Written by: Nathan Eddy
Source: https://www.healthcarefinancenews.com/news/staffing-shortages-ramp-recruitment-pressure-hospitals
by admin | Oct 7, 2021 | Around MDSP
Many have noticed the non-existent flu activity during the COVID-19 pandemic, but research suggest that could change soon. Two new studies predict that the flu will come roaring back this fall and winter. They have predicted that there could be 100,000 to 400,000 more flu hospitalizations in the 2021-2022 flu season compared with a typical season. The findings suggested that the 2021-2022 flu season could see a 20% increase in flu cases compared with a typical season. Young children (younger than age two) would be particularly at risk for flu in the 2021-2022 season because they are unlikely to have any previous exposure to the disease, the authors said.
Check out the link below written by Rachael Rettner, to read the full story regarding such findings.
https://www.livescience.com/flu-season-comeback-covid-2021-2022.html 
by admin | Sep 30, 2021 | Around MDSP, Providers
The COVID-19 pandemic’s emotionally pulverizing impact on physicians and the health-professional workforce has exacerbated the mental health and burnout crisis within health care and demands action. In the article below from the American Medical Association (AMA), they express how they support legislation in Congress—S. 4349/H.R. 8094, “The Dr. Lorna Breen Health Care Provider Protection Act”—named after the 49-year-old physician whose tragic death made headlines in an early pandemic hot spot already overwhelmed by COVID-19.”— the act also includes to establish grants for many health professionals/providers.
Clicking on the article below you can learn more about “The Dr. Lorna Breen Health Care Provider Protection Act” as well as the collection of news articles that detail other steps the AMA is taking to prevent suicide among doctors and the resources that individuals and organizations can use to help save lives.
Written by: Kevin B O’Reilly
https://www.ama-assn.org/practice-management/physician-health/doctors-hit-hard-covid-19-stress-there-are-tools-help
by admin | Sep 20, 2021 | Around MDSP, Employers, Providers
As we have read in previous blog post, many physicians are dealing with information overload, however technology can help. There is rapid growth and sharing of medical information has the possibility to improve patient care. However, it can also lead to physician burnout. To put into perspective; medical knowledge doubles every 3.5 years and is projected to double in just 73 days in 2021. General practitioners would need to read 20.7 hours per day to keep up with primary care literature. What a doctor learns during the first three years of medical school will amount to only 6% of what is known a decade later. Medical errors occur most often when doctors do not have quick access to evidence-based information.
Therefore, it may appear counterintuitive that greater access to information increases the risk of medical error, but with more than 800,000 medical papers published each year, there is no efficient way for any physician to process that, which means clinicians may not be current with all the latest drug and treatment recommendations. This article explains the relationship between medical error, information overload and physician burnout, first generation software, mobile applications to process data and provide information, diagnosis, calculators, clinical reference tools, landmark research summaries, drug reference and the verdict.
Source: https://www.mobihealthnews.com/news/contributed-how-technology-will-combat-medical-error-and-reduce-physician-burnout
Written by: Jay Ripton
by admin | Sep 7, 2021 | Around MDSP, Employers, Providers
Addressing Physician mental health can be challenging. However, with the help of Dr. Neil Baum – physicians can take a closer look into understand their mental health and ways to improve it. Dr. Neil Baum is a Professor of Clinical Urology at Tulane Medical School in New Orleans, Louisiana. He is the author of several books which include ten books on practice management and the business of medicine. Dr. Baum was the columnist for American Medical News for more than 25 years. Dr. Baum wrote the popular column, The Bottom Line, for Urology Times for more than 20 years. He has authored or co-authored over 250 articles that have appeared in peer-reviewed medical publications on various urologic topics as well as articles on practice management.
Click on the link to receive access to Dr. Baum’s Five Minute Practice Fix, videos from Dr. Baum that provide practical ideas and suggestions that have been tested by this practice or used by other physicians that will largely improve the efficiency and productivity of their medical practices. The videos also show real world examples from Olympic athletes Simone Biles and Michael Phelps to talk about physician mental health.
By: Neil Baum, MD
Source: https://www.medicaleconomics.com/view/addressing-physician-mental-health
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