Showing posts with label wellness. Show all posts
Showing posts with label wellness. Show all posts

Friday, August 31, 2012

Should Doctors Be More Sensitive To Costs?


Interesting article written by  Alicia Caramenico on the value of training interns on being aware of the cost of their decisions for medical care. It's a fine line but an interesting idea. See what you think!  Here is the article as it appears in Fierce Healthcare. 

The Hippocratic oath requires physicians to abstain from doing harm--but does that include financial harm?

With medical bills as the number once source of personal bankruptcy, teaching hospitals are encouraging students to consider health costs, the Chicago Tribune reported.

Some, including the University of Chicago's Pritzker School of Medicine, want to take it a step further and add "do no financial harm" to the Hippocratic oath.Vineet Arora, an assistant dean and associate professor of medicine, is developing training videos to make medical students more aware of how the costs of their decisions will affect patients.

"We are totally insulated from price, what medical care actually costs the patient," Andrew Levy, a recent med school graduate who is working with Arora, told the Tribune. "I can't tell when a test I order becomes a bill or if and when my patient gets charged by it, and that's absurd."

Medicals schools already have started incorporating cost control into future doctors' curriculum, according to first-year Harvard Medical School student Ilana Yurkiewicz. But in her Scientific American blog post, she acknowledged that it may be more difficult to include cost in decision-making when face-to-face with patients than during hypothetical scenarios in a classroom.

Moreover, cost considerations can become a slippery slope between reducing unnecessary medical costs and rationing care. So healthcare educators emphasize teaching medical students to look for alternatives that their patients can afford, the Tribune noted.

However, it's not only prospective doctors that can benefit from cost awareness. Reminding practicing physicians how much money blood tests cost could cut unnecessary medical spending, according to a study published last year the journal Archives of Surgery.

Friday, August 24, 2012

Employer Wellness Programs - A Good Thing!!


Saw this post written by the editorial staff at EBN, Employee Benefit News and wanted to share it with you, especially if you are an employer offering group health insurance for employees.  Even small businesses can provide some sort of "wellness" program for their employees and it appears to be a "good thing!"  Read on ....

"The Principal Financial Group, in its annual ranking of the 10 best American companies for employee financial security, has seen a marked increase in wellness initiatives. An independent panel of judges selected firms they saw as leaders in worker long-term fiscal stability, and the winners ranged from a Maryland nonprofit to a pair of Arizona credit unions. What all 10 had in common was employee wellness programs.

“When the program began 11 years ago, we saw some companies attempting wellness,” says David Wray, president of the Plan Sponsor Council of America and one of the seven judges, “but today all winners offer wellness programs in some meaningful way.”

Apart from any direct medical benefits, companies reaped rewards for their efforts in a variety of ways. For example, with comprehensive engagement and communications that include wellness programs, Principal’s top 10 saw an average voluntary turnover rate of 9.8%, compared to a national average of 24%. And those of sound body also had sound portfolios.

“Healthier employees spend less on medical care, leaving to more to save,” says Luke Vandermillen, Principal vice president. “Beyond physical health, these companies offer a number of ways to impact the long-term financial health of their employees through income protection and retirement programs with generous employer matches and contributions.”

The Principal program honors growing companies, or those with between five and 1,000 employees. This year’s winners were:


  • American National Bank of Texas, Terrell, Texas
  • Arizona State Credit Union, Phoenix, Ariz.
  • Cypress Creek Emergency Medical Services,  Spring, Texas
  • Dunmore Corporation, Bristol, Pa. (manufacturing)
  • Flow Science, Inc., Santa Fe, N.M.; (software development)
  • M3 Insurance, Madison, Wis.
  • nLogic, LLC, Huntsville, Ala. (information technology/software)
  • The United States Pharmacopeial Convention, Rockville, Md. (nonprofit )
  • Vantage West Credit Union, Tucson, Ariz.
  • WHR Architects, Inc.,  Houston, Texas