An Arm and a Leg: A Mathematical Solution for US Hospitals?

What do the KGB and the former CEO of Cincinnati Children’s Hospital have in common? Eugene Litvak. The Soviet intelligence agency and the children’s hospital have each separately looked to the Ukrainian émigré with a PhD in mathematics for help. He turned down the KGB, but Litvak saved Cincinnati Children’s Hospital more than $100 million…

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The Crawfish Chronicles: An NIH Fixed Cost Cap Parable

By GREGROY HOPSON T-Maître Pierre’s Family Restaurant was a Louisiana institution. The kind of place where generations gathered over steaming mountains of boiled crawfish, spicy corn, and seasoned potatoes. A place where Clifton Chenier’s Louisiana Blues & Zydeco played in the background and the waitstaff wore starched white shirts with bright-colored bow ties. The walls…

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US Physicians in 2024: More likely to work in larger, multi-specialty, PE-owned practices

These are the findings from the American Medical Association’s 2024 Physician Practice Benchmark Survey. Physicians included in the survey include those who practice in the U.S., actively see patients, and have completed residency. Here is what the survey finds: Increasingly, physicians are less likely to work in small practices that they or other physicians own….

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