Unbiased Analysis of Today's Healthcare Issues
These are the findings from the American Medical Association’s 2024 Physician Practice Benchmark Survey. Physicians included in the survey include those who practice in the U.S., actively see patients, and have completed residency. Here is what the survey finds: Increasingly, physicians are less likely to work in small practices that they or other physicians own.…
Should physicians learn about health economics? The American Medical Association (AMA) thinks so. In a statement from 2019, the organization stated The American Medical Association (AMA) today adopted new policy expanding its efforts aimed at ensuring all medical students and residents receive training in health care economics. Building on the AMA’s ongoing work to transform…
The American Medical Association released a statement yesterday in support of value-based pricing of pharmaceuticals. However, AMA claims that value-based pricing should follow the following core principles. Value-based prices of pharmaceuticals should be determined by objective, independent entities. They also should be evidence-based and the result of valid and reliable inputs and data that incorporate…
setting accurate prices. A single payer does not have a market against which to measure prices; instead, single payers often pay based on provider’s reported cost or a multiplier related to the prices charged years ago when there was a market. Fortunately, the U.S. does not have this problem…or do we? The Relative Value Update…