physician trends...2016 physician trends 2016physicianpracticetrends_doc0316.indd 1 5/19/16 8:39 am...
TRANSCRIPT
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2016physician
trends
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topics we will cover
supply & demandphysician engagement
physician networking
telemedicine
regulatory impact compensation & reimbursement
outlook & satisfaction
practice environment
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Physician Engagement
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Creating system-wide physician alignment is one of the most challenging initiatives for hospital executives, and one of the most crucial to success on a wide range of cost, quality and experience initiatives.
Source: Health Care Advisory Board
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Physician Engagement
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4Source: Gallup Study on physician engagement quoted in What Too Many Hospitals Are Overlooking
more outpatient referrals were given to the hospital from fully engaged physicians
more inpatient referrals were given to the hospital from fully engaged physicians
3%
51%
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Physician Engagement
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Among the lessons administrators learned in acquiring and divesting of medical practices during the 1990s is that from a business standpoint, the only similarity between a hospital and a physician practice is that they both have patients.
— Randy Baumann, Delta Healthcare
Source: Delta Healthcare Why Hospitals Buy
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Physician Engagement
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6Source: Physician Engagement in CCC [Community-Based Care Continuum], Stratus Health and KHA Research 2014
Cultural Differences
Focus
Physician
Expertise
Patients
Personal
Efficiency
Organization
Shared
Hospital Executive
Loyalty
Responsibility
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Physician Engagement
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physicians who are employed are not engaged.
3 in 5
Source: Advisory Board Company 2014 Medical Staff Engagement Benchmark Report
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Physician Engagement
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In order to achieve a state of active engagement...
Source: Steve Corso, Managing Director, MSIGHT Physician Engagement
are willing to make decisions in the best interest of the system without a tunneled focus on their individual practice.
Physicians
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Physician Engagement
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In order to achieve a state of active engagement...
Source: Steve Corso, Managing Director, MSIGHT Physician Engagement
actively seek to optimize the physician experience, even if cultural and organization structures must be modified.
Hospital Systems
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Physician Engagement
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10Source: Bill Heduc, June 25, 2015, Advisory Board Company, The 12 Statements that Define Your Physicians’ Engagement
Key drivers for physician engagement
Alignment of executive team actions and clinicians goals
Open/responsiveness of organization to physician input
Interest of physician in leadership opportunities
Autonomy of physician in managing individual practice
Support of organization in the economic growth and success of the physician’s individual practice
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2
3
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5
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Physician Engagement
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A Jackson Healthcare Physician Engagement Survey in Spring 2016 found large gaps between the degree to which physicians are engaged and the degree to which hospital administrators believe physicians are engaged.
Source: Jackson Healthcare Physician Engagement Survey, Spring, 2016
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Physician Engagement
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Physicians involved in clinical decision
making
Physicians
41pt gap
34pt gap
30pt gap
28pt gap
21pt gap
Executives
Problems resolved in fair and satisfactory
manner
Hospital treats physicians with respect
Physicians involved in administrative policy
decision making
Physicians trust hospital leadership
team
0% 10% 20% 30% 40% 50% 60% 70% 80%
Gaps: Physician Engagementactual level and executive perception
Source: Jackson Healthcare Physician Engagement Survey, Spring, 2016
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Physician Networking
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13Source: 2012 study published in the Journal of Medical Internet Research
of physicians scanned social media for medical information at least weekly
contributed information to social media on at least a weekly basis
61%
46%
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Physician Networking
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of health care professionals use social media for professional networking
31%
Source: MedTech Media
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Physician Networking
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AMA membership has fallen from a high of 70% of U.S. doctors in the 1950s to 15% in 2011.
Meanwhile, social networking and crowd-sourcing sites have seen a substantial increase in the number of physician users/members.
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Physician Networking
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500000
400000
300000
200000
100000
02010 2011 2012 2013 2014 2015
Membership Trends
Source: AMA Annual Reports 2010-2014, Sermo, Doximity, Figure 1
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Telemedicine
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17Source: Nathaniel Lacktman, Esq. Healthcare Partner, Foley & Lardner, Tampa, FL
Global telemedicine market is projected to expand at a compound annual growth rate of 14.3%
in 2014 by 2020$14.3 $36.2☛
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Telemedicine
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During the 2015 legislative session, more than 200 pieces of telemedicine-related legislation were introduced in 42 states.
Source: State Telehealth Laws and Reimbursement Policies Report, April 2016
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Telemedicine
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Currently, 29 states and the District of Columbia have enacted laws requiring that health plans cover telemedicine services.
Source: State Telehealth Laws and Reimbursement Policies Report, April 2016
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Telemedicine
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of employers with on-site health facilities offer telemedicine services. 12% more plan to do so within the next two years.
35%
Source: Towers Watson 2015 Employer-Sponsored Health Care Centers Survey, February-March 2015
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Telemedicine
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21Source: Towers Watson 2015 Employer-Sponsored Health Care Centers Survey, February-March 2015
of employers will offer telemedicine services as an employee benefit by 2017.
Nearly 70%
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Telemedicine
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of Americans are willing to have doctor visits via video telehealth.
64%
Source: American Well 2015 Telehealth Survey (conducted by Harris Poll)
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Telemedicine
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of primary care physicians are willing to conduct video visits with their patients.
57%
Source: American Well 2015 Telehealth Survey (conducted by Harris Poll)
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Telemedicine
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24Source: Foley 2014 Telemedicine Survey Executive Summary
of surveyed healthcare executives report that their organizations have begun developing or implementing a telemedicine program.
90%
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Telemedicine
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The number of patients using telemedicine services will increase from less than 350,000 in 2013 to 7 million in 2018.
Source: IHS Newsroom Global Telehealth Market Set to Expand Tenfold by 2018
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Telemedicine
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26Source: C2 Solutions
of all doctor, urgent care and ER visits are either unnecessary or could be handled safely and effectively over the phone or via video.
Almost 75%
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Telemedicine
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27Source: Trend Watch, American Hospital Association, January 2015, The Promise of Telehealth for Hospitals, Health Systems and Their Communities
of Americans live in rural areas where many do not have easy access to primary care or specialist services.
About 20%
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Supply & Demand
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The American Association of Medical Colleges (AAMC) projects a shortfall of physicians between
by 2025
46,100—90,400
Source: AAMC Physician Supply and Demand through 2025, March 2015
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Supply & Demand
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Key Physician Shortages by 2025
12,500—31,100
28,200—63,700
5,100—12,300
Primary Care
Specialists & Surgeons
MedicalSub-specialists
Source: AAMC Physician Supply and Demand through 2025, March 2015
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Supply & Demand
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of physicians believe there is a physician shortage
72%
Source: 2014 Survey of America’s Physicians by Physicians Foundation
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Supply & Demand
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Scenarios that could impact demand:
Changing demographics
ACA expanded medical insurance coverage
Integrated care delivery model
Expanded use of retail clinics
Increased use of advanced practice nurses
1
2
3
4
5
Source: Complexities of Physician Supply & Demand: Projections from 2013 to 2025, AAMC
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Supply & Demand
32Source: Healthcare Workforce Distribution and Shortage Issues in Rural America January 2012
physicians in rural areas are older and nearing retirement
Primary care
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Supply & Demand
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As physicians retire, local health systems struggle to replace their core medical staff.
“„
— Randy Gott, SVP with The Advisory Board Company
Source: “Is the physician shortage a real concern? Depends on where you live,” — Advisory Board Company, Sept. 2, 2015
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Regulatory Impact
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Impacts of ACA on Physician Practices:
Too early to tell
High deductibles for patients
Loss of patients
More patients with coverage
Decline in reimbursements
More bureaucracy
25%
12%
8%
8%
7%
6%
Source: Jackson Healthcare Survey of 1,527 Physicians between 4/18/14—6/5/14
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Regulatory Impact
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of doctors gave the ACA a
46%
D/FSource: 2014 Survey of America’s Physicians by Physicians Foundation
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Regulatory Impact
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of physicians said they felt the ACA would be overturned by Congress
saying it should be repealed
74%
66%
Source: January 2015 Survey by LocumTenens.com
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Regulatory Impact
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of physicians reported an increase in overhead costs for items such as EHR and administrative costs to comply with the ACA
61%
Source: 2014 Survey of America’s Physicians by Physicians Foundation
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Regulatory Impact
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of physicians who bill Medicare were penalized 1% of their 2015 payments as a result of meaningful use.
More than 50%
Source: Steven J. Stack M.D., President AMA
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Regulatory Impact
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of physicians reported more administrative work under the ACA, resulting in less time with patients
60%
Source: Jackson Healthcare Survey of 1,352 Physicians (Released: June 25, 2015)
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Compensation & Reimbursement
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Average Family Medicine Physician’s Compensation
$207,000
Source: Physician Compensation Report 2016 by Medscape Medical News
Average Pediatrician’s Compensation
$204,000
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Compensation & Reimbursement
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41Source: Medscape Physician Compensation Report 2016
Top 5 Compensation Increases from 2015-16
Rheumatology
Internal Medicine
Nephrology
Dermatology
OB/GYN
1
2
3
4
5
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Compensation & Reimbursement
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42Source: Medscape Physician Compensation Report 2016
Top 5 Earners from 2016
Orthopedics - $443,000
Cardiology - $410,000
Dermatology - $381,000
Gastroenterology - $380,000
Radiology - $375,000
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Compensation & Reimbursement
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43Source: Medscape Physician Compensation Report 2016
Which physicians earn more?
self-employed
male
north/central region
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The past five years have seen a significant increase in the creation of alternative payment models, such as accountable care organizations, patient centered medical homes, bundled payments, gainsharing, and various other pay-for-performance formulae.
“
„
Source: “How physicians can adapt to compensation changes,” — Advisory Board Company, July 10, 2015
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We continue to see the expansion of compensation figures for the primary-care specialties at a rate that’s surpassing that of the (other) specialties.
“
„— Todd Evenson, COO of MGMA
Source: “Doc pay resumes upward march after prior year’s slowdown,” by Steven Ross Johnson, July 18, 2015, Modern Healthcare
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Compensation & Reimbursement
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Reimbursement cuts were one of the top two reasons physicians cited for selling their medical practice.
Source: Jackson Healthcare Physician Acquisition Survey (June 2015)
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Outlook & Satisfaction
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Physician satisfaction is on the decline.
Source: Physician Compensation Report 2015 by Medscape Medical News
of physicians said they would choose medicine as a career again (vs. 69 percent in 2011)
64%
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Outlook & Satisfaction
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of physicians are experiencing professional burnout and the problem is getting worse.
More than 50%
Source: Shanafelt TD, Hasan O, Dyrbye LN. Changes in Burnout and Satisfaction with Work-life Balance in Physicians and the General US Working Population Between 2011 and 2014. Mayo Clinic Proceed 2015; 90:1600—1613.
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Outlook & Satisfaction
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49Source: Jackson Healthcare Survey of 1,527 Physicians between 4/18/14—6/5/14
Satisfied physicians are more likely to:
be between 25 and 44 years of age
work 8 hours per day
be employed and have never worked in private practice
have chosen employment for lifestyle reasons
have a greater number of patients with private insurance
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Outlook & Satisfaction
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50Source: Jackson Healthcare Survey of 1,527 Physicians between 4/18/14—6/5/14
Dissatisfied physicians are more likely to:
be between 45 and 64 years of age
work 8+ hours per day
own a solo practice
say patients are delaying treatments
say they have lost patients due to ACA roll-out
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Practice Environment
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51Source: 2014 Survey of America’s Physicians by Physicians Foundation
of doctors at capacity or overextended
average work week for a physician
81%
53 hours
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Practice Environment
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52Source: 2014 Survey of America’s Physicians by Physicians Foundation
Average number of hours worked per day
mean # of patients seen per day
9—12 hours
22 patients
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Practice Environment
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53Source: Jackson Healthcare Survey of 1,527 Physicians between 4/18/14—6/5/14
mean time spent with each patient
mean # of patients seen during hospital rounds
mean # performed in OR on a surgery day
20 minutes
13 patients
5 surgeries
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Practice Environment
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54Source: Jackson Healthcare Physician Acquisition Survey (June 2015)
initiate the majority of acquisition talks
practices make up the majority of acquisitions by hospitals
Physicians
Primary care
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Practice Environment
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of physicians said selling their practice was the right decision
77%
Source: Jackson Healthcare Survey of 1,527 Physicians between 4/18/14—6/5/14
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Practice Environment
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56Source: Jackson Healthcare 2015 Employment Survey
Employed physicians younger than 45 are more likely to have never been in private practice
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Practice Environment
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of residents would prefer employment with a salary rather than an independent practice income
92%
Source: Merritt Hawkins & Associates® Final Year Medical Survey 2013
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Practice Environment
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5 Advantages of Employment:
Elimination of concerns about practice’s financial viability
Less administrative work
Less stress
Ability to take time off
Stability/security
71%
43%
42%
40%
37%
Source: Jackson Healthcare Survey of 1,527 Physicians between 4/18/14—6/5/14
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Practice Environment
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59Source: Physician Compensation and Production Survey, Medical Group Management Association, 2011 Survey
In the past decade, the percentage of hospital-owned physician practices has tripled from about 25% in 2002 to almost 75% in 2011.
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Jackson Healthcare is built on a simple idea — that talented professionals with a shared purpose can improve the lives of patients, families and communities. Headquartered in Atlanta, Georgia, the company has risen to a place of prominence among the largest healthcare staffing and technology companies in the U.S. It currently serves more than seven million patients in over 1,300 healthcare facilities.
Visit Jackson Healthcare’s Physician Trends Resource Center:
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