Not-for-profit hospitals operate in a system that expects them to provide benefits to the community, without necessarily requiring it.
Mayo Clinic is facing questions from the state of Minnesota after its CEO told employees that if patient conditions are equal, its hospitals should prioritize privately insured patients over those under government-subsidized programs such as Medicaid.
Preferring commercially insured patients over those covered by Medicare and Medicaid has long been one of the healthcare industry's dirty secrets.
Links between community hospitals and cancer centers can lead to better care and a better bottom line. Many regard these relationships as necessary to preserve quality and expand access to state-of-the-art oncology care.
When physicians burn out, solutions are elusive. Support groups can't counter the root causes of a crisis
Healthcare systems, practices and medical schools are deploying an array of tactics to help physicians cope with the unique stress of modern medicine. Some programs offer regular moments of reflection, connection with other doctors or other sources of catharsis.
Mayo Clinic's Arizona CEO, Dr. Wyatt Decker, says Mayo is partnering with Arizona State University to develop a certificate curriculum to train doctors who are equipped to practice 21st century medicine.
Many measurement programs currently in use—and others being developed—do not differentiate complexity of patient conditions nor account for their settings of care, which results in inaccurate reports on value, says Mayo Clinic CEO Dr. John Noseworthy.
Mayo is built to let doctors be doctors and has been ahead of the curve in studying how to measure and reward value in healthcare. But it isn't immune to physician burnout and the pressure to reduce costs and adopt value-based payment models.
Even though Mayo Clinic has been ahead of the curve in studying how to measure and reward value in healthcare delivery, it isn't immune to challenges such as physician burnout and the mounting pressure to reduce costs and adopt value-based payment models. Mayo President and CEO Dr. John Noseworthy...
Podcast Q&A: 'If Mayo was a high-cost provider, we would be cut out of many of these networks,' CEO says
Even though the Mayo Clinic has been ahead of the curve in studying value in healthcare delivery, it isn't immune to challenges currently facing the industry. President and CEO Dr. John Noseworthy discusses physician burnout and the mounting pressure to reduce costs and adopt value-based payment...
Medicare's new payment system for physicians is causing anxiety because of the short stretch of road before their performance is judged for a raise or pay cut. In the long-term, though, Medicare and most everyone else want providers to leave that new system behind. It's value-based training wheels.
Mayo Clinic, the Rochester, Minn.-based hospital system and medical hub, steadily grew its revenue and operating surplus in the first half of 2016, but its investments tanked.