FOS

Survey: Physicians bring big revenue to hospitals.

According to the Dallas Business Journal, a survey conducted by consulting firm Merritt, Hawkins and Associates finds that the average physician generates almost $1.5 million per year in revenue for an affiliated hospital. A single orthopaedic surgeon, on average, accounts for approximately $2.3 million per year. The survey was based on responses from 119 hospital chief financial officers across the United States. For more information:

http://dallas.bizjournals.com/dallas/stories/2007/05/14/daily9.html?b=1179115200^1462366

A PDF file of the complete survey can be downloaded at:

http://www.merritthawkins.com/pdf/2007_Physician_Inpatient_Outpatient_Revenue_Survey.pdf

CMS statistics: Growth in health care spending slows

According to a study conducted by the Centers for Medicare and Medicaid Services (CMS) and published in the Journal of Health Affairs, health care spending increased during 2005 by 6.9 percent—the lowest rate of increase since 1999, and the third year in a row in which the rate of growth has decreased. However, health care spending continued to increase at a higher rate than wages, inflation and the U.S. economy. Experts warn that even such a moderate growth rate is not sustainable. Reasons for the slowdown include an increased reliance on generic medications, stepped-up fraud fighting efforts, and freezes or cuts in provider reimbursement, among other factors. For more information:

http://www.latimes.com/news/printedition/asection/la-na-health9jan09,1,6959823.story?ctrack=1&cset=true (site registration required)

A press release summarizing the study’s findings can be viewed at:

http://tinyurl.com/y59b6k

Bones Society of Florida Launches Staff Salary and Benefit Survey

In their ongoing efforts to enhance communications and resources between the members of the Bones Society of Florida (BSOF), the BSOF has launched their  next practice administration survey.  This survey will analyze the Staff Salary and Benefit packages that are currently being provided in orthopaedic practices across the state.  The organization hopes this will be a valuable tool for their members.  Your participation is critical for making this survey useful.  Please take a few minutes to complete the survey by clicking on the link below.

http://www.surveymonkey.com/s.asp?u=280543080608

The updated survey data will be available to BSOF members on the Members Only section of the BSOF website, www.floridabones.com.  All current and past surveys are included on the page titled “BSOF Surveys”.  From that page you can participate in any old surveys and view the data collected in their previous studies.

The Bones Society of Florida represents approximately 150 orthopaedic practice administrators across the state.  For membership information please contact the BSOF office at 813-948-8660.

Orthopaedic Extender Salary and Benefit Survey

The Bones Society of Florida has launched a survey of Orthopaedic Extender Salaries and Benefits in orthopaedic practices across the state.  The survey has been formatted using the Survey Monkey tool, making participation a lot easier as well as data analysis.  We frequently receive requests for assistance on these matters.  It is our hope that the survey data will be valuable.  Of course, your participation is critical.  Please take a few moments to complete the survey by clicking on the link below:

http://www.surveymonkey.com/s.asp?u=546072838411

Thank you very much for your participation.  We look forward to sharing the results.  Please look for an announcement concerning the release of the survey data in the coming weeks.

The Bones Society of Florida represents over 125 practice administrators from orthopaedic practices across the state.  For membership information, please contact their Executive Director, Fraser Cobbe, fcobbe@tampabay.rr.com.