How Hospitals Can Recoup Revenue on Resident-rendered Services
Trainees perform a significant number of unsupervised procedures on patients with private insurance but are prohibited from billing for those services. And that represents a significant amount of lost income for teaching institutions. This is the conclusion reached by the authors of a study published in The Journal of Trauma -- Injury, Infection, and Critical Care.
Billing private insurers for these services might help offset the costs of graduate medical education, the authors suggest.
Medicare does not let residents and fellows bill for services, and for good reason: Medicare already supplements hospitals via medical education funds. Reimbursement for trainee services would amount to double billing, explains the lead author, Ara J. Feinstein, MD, MPH, a trauma surgeon who is clinical assistant professor and surgical clerkship director at University of Arizona College of Medicine in Phoenix.
The problem, according to the authors is this: Private insurance companies benefit financially from Medicare billing regulations without contributing to the expense of education.
- CFO Exchange: Smartphones Poised to Disrupt Healthcare, Says Topol
- Consumerism Drives Healthcare Branding, Rebranding Efforts
- PA Ranks See 'Phenomenal Growth,' Lack of Diversity
- CNO on Hospital Redesign: 'You Can't Over-Communicate'
- How Digital Strategy Shapes Patient Engagement at Boston Children's Hospital
- 3 Traits Personality Assessments Can't Reveal
- Antibiotic Overuse a 'Huge Threat' to Patient Safety, Says CDC
- Half of All Primary Care, Internal Medicine Jobs Unfilled in 2013
- Carondelet to Pay $35M to Settle Fraud Allegations
- CHS Hacked, 4.5M Patient Records Compromised