However, a new article in Physicians Money Digest by Arlen Meyers, MD, MBA, argues patients aren’t really afraid of physicians who innovate with partners; they fear physicians who will exploit those partnerships.
Physicians who are innovators explore opportunities to create a better patient outcome and experience with reasonable payment for their contributions. Here are the 10 ways physicians can show they are innovators:
1. Encouraging competition
2. Transparent pricing
3. New reimbursement models and payment reform
4. Support value-based pricing with cost-effectiveness
5. Interstate licensing and credentialing reform
6. End cost-shifting from payer-to-payer and country-to-country
7. Mitigate conflict of interest around physician-industry interaction
8. Eliminate direct-to-consumer marketing
9. Focus on real innovation instead of “me-too” products
10. Make clinical trials cheaper, smarter and faster
More articles on healthcare:
A conflict of interest? Mylan executive under fire for 400% EpiPen price hike
This ingredient may put patients at a higher infection risk from contaminated scopes: 5 things to know
The need for effective infection & outcome metrics to propel the ASC industry forward
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
