St Louis Medical News October 2013

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PROUDLY SERVING THE GATEWAY CITY

October 2013 December 2009 >> $5

PHYSICIAN SPOTLIGHT PAGE 3

David Weinstein, MD ON ROUNDS Stacking the Deck Part 1 One COMs’ winning approach to retaining medical graduates When leaders at the Florida State University College of Medicine (FSU COM) began crunching numbers, they were pleasantly surprised to learn that roughly two of three medical graduates are practicing medicine instate, even if they completed residencies elsewhere ... 8

Research Uncovers New Clues to the Causes of Schizophrenia Genome-wide study discovers new variants, pathways An insidious condition, schizophrenia is estimated to occur in about 1 percent of the population worldwide. Characterized by a breakdown in thought processes ... 9

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STLOUISMEDICALNEWS

The Advent of Pay-for-Value St. Louis area BHC reveals local trends in 2013 Health Care Industry Overview BY LYNNE JETER

St. Louis hospitals are making significant progress on safety and quality issues as the Centers for Medicare and Medicaid Services (CMS) challenges healthcare providers to become more efficient in the new pay-for-value era. “While the transition to a value-driven healthcare system continues to be more of an evolution than a revolution, change appears to be happening,” said Karen Roth, RN, MBA, director of research for the St. Louis Area Business Health Coalition (BHC), and author of the 2013 St. Louis Health Care Industry Overview, a first volume in-depth look at local hospital quality and financial trends based on fiscal year 2011 data, and limited data for FY 2012. “Thanks to pressure by CMS and the hard work of healthcare providers, data suggests that quality at hospitals nationwide and in St. Louis is improving.” Among the highlights: • St. Louis hospitals scored slightly above the national average in the CMS Value-Based Purchasing (VBP) Program. • Readmission rates for 2008-11 declined for 15 area hospitals, while the average readmission rate for St. Louis area hospitals also declined slightly, compared to the prior three-year period. (CONTINUED ON PAGE 6)

Shining a Light on Physician, Industry Relationships Physician Payments Sunshine Act Now in Effect BY CINDY SANDERS

If you’ve recently enjoyed a golf outing with your friendly pharmaceutical rep or a nice dinner with a device manufacturer, that information will soon be available for all to see. The Physician Payments Sunshine Act went into effect Aug. 1 of this year and requires applicable manufacturers to report certain interactions with physicians and teaching hospitals that are deemed to

PHYSICIANS BUSINESS CONFERENCE

POSTPONED

have value. ‘Applicable manufacturers’ are defined as pharmaceutical, device, biologic and medical supply manufacturers whose products either require a prescription to be dispensed or for which payment under federal healthcare programs is available. “The Sunshine Act generally applies when physicians or teaching hospitals receive transfers of value from applicable manufacturers, and the applicable manufacturers receive actual or potential value in return,” explained Tom Baker, a shareholder in the (CONTINUED ON PAGE 10)

The October Physicians Business Conference has been postponed. Please see the November Issue of St. Louis Medical News for further details.

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OCTOBER 2013

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