Ray Painter, MD, FACS, presented “The Business of Medicine” for the Grand Rounds in Urology audience in June, 2020.
How to cite: Painter, Ray. “The Business of Medicine” June, 2020. Accessed Jan 2021. https://grandroundsinurology.com/the-business-of-medicine/
The Business of Medicine – Summary:
Ray Painter, MD, FACS, co-founder and president of Physician Reimbursement Systems (PRS), discusses the business of medicine. He highlights how much has changed in recent decades and how regulation of medicine has increased. Dr. Painter then goes on to make some predictions about the future which will lead to less onerous regulation and more job satisfaction. Some of these changes are already in the works, affecting areas such as office documentation and how doctors are paid for their time. The changes provide opportunities to improve workflow, allow for spending more time with patients, and increased data accuracy. Dr. Painter then emphasizes the need for this data accuracy and goes over the main reasons why errors happen. Overall, he argues that it is imperative that doctors understand and accept their roles in data collection and how it will lead to greater job satisfaction.
For more commentary on practice management, visit our Improving Your Urology Practice page from Neil H. Baum, MD.