Clean Sweep Live Auction on Wed. May 1st. Click to view the full inventory

DOTmed Home MRI Oncology Ultrasound Molecular Imaging X-Ray Cardiology Health IT Business Affairs
News Home Parts & Service Operating Room CT Women's Health Proton Therapy Endoscopy HTMs Pediatrics
Current Location:
> This Story

starstarstarstarstar (2)
Log in or Register to rate this News Story
Forward Printable StoryPrint Comment




Business Affairs Homepage

Canon's Vital Images wins DoD contract Maximum $100 million fixed‐price contract for radiology and imaging systems

Are you GDPR compliant? It's not just a question for EU-based companies Here are the top eight considerations

Security tightening at hospitals for patient safety A noticeable change is occurring at the front entrance to hospitals

Johnson & Johnson completes Auris Health deal The $3.4 billion acquisition could include additional payments up to $2.35 billion

Follow-up imaging study points to benefits of automated notification Raising the bar on manual callbacks

Change Healthcare files for IPO Could raise as much as $100 million, listing on Nasdaq

Mergers do nothing for quality of care, lower patient satisfaction, says study Based on 29 data points and the assessment of 16 processes of care

GE Healthcare IPO on hold as new deal takes spotlight Selling biopharma business to Danaher for over $21 billion

Asheville Radiology Association joins Strategic Radiology The latest expansion by the imaging coalition brings 43 new physicians to the table

Johnson & Johnson to acquire Auris Health for $3.4 billion With possible $2.35 billion added if certain milestones are hit

Ever wonder which U.S. states are the best and worst for practicing physicians?

by John W. Mitchell , Senior Correspondent
In a departure from the usual patient-centric studies that focus on quality of clinical outcomes and patient satisfaction, a new analysis — released in time for National Doctor's Day — examines factors such as punitive medical board and malpractice payouts to help physicians determine the best place for them to set up shop.

“There is an abundance of differences in terms of the working environments faced by doctors across the nation,” Jill Gonzalez an analyst with WalletHub, which conducted the study, told HCB News. “So in order to help doctors make the most informed decisions regarding where to practice, we conducted this study. The results... may certainly be eye opening for many new or soon-to-be doctors."

Story Continues Below Advertisement

Servicing GE Nuclear Medicine equipment with OEM trained engineers

We offer full service contracts, PM contracts, rapid response, time and material,camera relocation. Nuclear medicine equipment service provider since 1975. Click or call now for more information 800 96 NUMED

According to the study preface, physicians rank in the top one percent of income, but the average new doctor graduates with $180,000 in student debt. WalletHub also cited the Affordable Care Act (ACA), the decrease in stand-alone hospitals to multi-hospital systems (more employed doctors) and the increase in the number of baby boomers (more demand) who turn 65 (10,000 a day) as factors impacting physician practices.

Among the key findings:

  • Mississippi had the highest income adjustments for cost of living and the lowest competition per capita.

  • South Carolina had the least punitive state medical boards, while New Mexico had the most punitive.

  • The least expensive malpractice insurance was in Wisconsin, with the most expensive in West Virginia.

“New York has the highest amount of malpractice award payouts per capita, $36.15 million, which is 35 times higher than in North Dakota, where it is lowest, $1.03 million,” Gonzalez added.

The study, which weighed 11 different key metrics, ranked Mississippi the number one overall state in which to practice. This was followed by: Iowa; Minnesota; North Dakota; and Idaho. The study ranked the District of Columbia as the worst locality for a doctor to practice, followed by: New York, Rhode Island, Maryland and Connecticut.

The study included interviews with three health care policy experts and asked specifically about the effect of the ACA on physicians’ practices and satisfaction. The response was mixed, with two of the experts citing positives such as increased Medicaid reimbursement to doctors and the fact that more patients had insurance. But there are negatives too, according to one of the experts.

“The ACA has been a net negative (for physicians),” said Mark Dame, Assistant Professor in the Clinical Services Management Program at Texas Tech University Health Sciences Center. “Incomes have gone down ... and work balance is increasingly unbalanced to the negative. I have seen frustration and depression on the increase...”

The study used two factors: Opportunity and Competition Rank (70 percent weighted), and Medical Quality Rank (30 percent weighted).

The "Opportunity" portion considered such factors as: physician mean annual wage; number of hospitals per 100,000 residents; medically underserved; and the elderly population. The "Quality" portion considered: state medical board punitive action; malpractice payouts, and the cost of malpractice insurance.

WalletHub operates as a one-stop destination that provides financial analyses and tools to assist consumers and small business owners in making financial decisions. The full report can be read here.

Business Affairs Homepage

You Must Be Logged In To Post A Comment

Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Gold Service Dealer Program
Receive RFP/PS
Healthcare Providers
See all
HCP Tools
A Job
Parts Hunter +EasyPay
Get Parts
Recently Certified
View Recently
Certified Users
Recently Rated
View Recently
Certified Users
Rental Central
Rent Equipment
For Less
Sell Equipment/Parts
Get The
Most Money
Service Technicians Forum
Find Help
And Advice
Simple RFP
Get Equipment
Virtual Trade Show
Find Service
For Equipment
Access and use of this site is subject to the terms and conditions of our LEGAL NOTICE & PRIVACY NOTICE
Property of and Proprietary to DOTmed.com, Inc. Copyright ©2001-2019 DOTmed.com, Inc.