More than 100 medical societies ask Congress to reform Medicare payments before 2023 | Healthcare spending to rise $370 billion

More than 120 medical societies have joined the AMA in a letter urging congressional leaders to enact long-term solutions to the systemic problems in the Medicare physician payment system and to address cuts that are going into effect in 2023.

Rising labor costs and high inflation rates are expected to drive up the annual U.S. national health expenditure by $370 billion by 2027, according to a recent report from McKinsey.

New survey data completed by 200 respondents reveal that 45% of x-ray managers have never received proper training on management practices from their organizations.

Residents who were given access to the AI-based decision support system reported feeling that the tool was useful in multiple clinical scenarios, and its use was overwhelmingly supported by those who provided feedback. 

The findings highlight an alarming trend in the healthcare industry, as the COVID-19 pandemic has strained the healthcare workforce and accelerated planned departures from the industry.

Cano Health is considering a sale after takeover interest from major healthcare players, including CVS Health and Humana, according to several media outlets.

Check out this week’s Movers & Shakers from Health Exec, a roundup of the latest executive movements in the healthcare industry.