Becker's ASC Review

Nov_Dec_2018_ASC

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49 HEALTHCARE NEWS Number of medical students pursuing surgery specialty drops by half — 28 statistics By Angie Stewart O nly 4 percent of medical students surveyed in 2018 said their chosen medical specialty is general surgery, compared with 8 percent in 2016, according to Medscape's Medical Student Life & Educa- tion Report 2018. Medscape surveyed 2,365 U.S. medical students. Here's the breakdown of medical specialties chosen: 1. Internal medicine: 11 percent 2. Emergency medicine: 11 percent 3. Family medicine: 11 percent 4. Pediatrics: 9 percent 5. Psychiatry: 7 percent 6. OB/GYN and women's health: 6 percent 7. Anesthesiology: 5 percent 8. Other: 5 percent 9. General surgery: 4 percent 10. Radiology: 4 percent 11. Orthopedic surgery: 3 percent 12. Specialized surgery: 2 percent 13. Neurology: 2 percent 14. Ophthalmology: 2 percent 15. Cardiology: 2 percent 16. Dermatology: 2 percent 17. Otolaryngology: 2 percent 18. Physical medicine and rehabilitation: 2 percent 19. Urology: 1 percent 20. Neurological surgery: 1 percent 21. Oncology: 1 percent 22. Critical care: 1 percent 23. Orthopedics: 1 percent 24. Gastroenterology: 1 percent 25. Endocrinology: 1 percent 26. Pathology: 1 percent 27. Plastic surgery/aesthetic medicine: 1 percent 28. HIV/infectious diseases: 1 percent n Sutter Health reports higher operating revenues, income in first half of 2018 By Ayla Ellison S acramento, Calif.-based Sutter Health saw revenues and operating income increase in the six months ended June 30, according to unaudited financial documents. Here are five things to know: 1. The health system reported operating revenues of $6.3 billion in the first six months of 2018, up 6.5 percent from revenues of $5.9 billion in the same period a year ear- lier. Sutter said the increase was primarily attributable to higher patient service revenues and premium revenues, which climbed 5.3 percent and 11.3 percent year over year, respectively. 2. Sutter's operating expenses climbed 4.3 percent year over year to $6.1 billion in the six months ended June 30. 3. Sutter ended the first half of 2018 with an operating income of $145 million, up 806 percent from $16 million in the same period of 2017. The health system's operat- ing margin increased from 0.3 percent in the first half of 2017 to 2.3 percent in the first six months of 2018. The significant increase in operating income is attributable to changes in the accounting standards used related to California's Hospital Fee Program. Changes to accounting standards related to a state fee program will make year- over-year comparisons difficult until the fourth quarter of 2018 for Sutter Health. 4. What is the fee program? California enacted legisla- tion for a hospital fee program to fund certain Medi-Cal coverage expansions. The program charges all hospitals a quality assurance fee that is used to obtain federal match- ing funds for Medi-Cal with the proceeds redistributed as supplemental payments to California hospitals that treat Medi-Cal patients. Sutter's accounting firm confirmed that revenue could be recorded without CMS approval for the 2017 audited financial statements. Sutter said the system accrued $3 million in Q2 2017 for the program, and in Q2 2018 it accrued $76 million because of this change in revenue recognition. 5. After factoring in investment income, which declined due to a drop in value of certain securities and debt ex- tinguishment, Sutter's net income was $174 million in the first six months of this year, compared to $350 million in the same period a year earlier. n

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