Auxo Medical News

At this time of year, many people are busy thinking about travel plans for Thanksgiving to see family, as well as bracing themselves for holiday gift shopping. But for business owners and those responsible for the bottom line at their place of employment, they are busy thinking about closing out the year by maximizing tax savings.

Section 179 is an IRS tax code, which — in its very nature of being a tax code — can sound intimidating. However, the truth is, the code is pretty straight forward. This tax code simply enables businesses to use deductions on the full cost of qualifying equipment, either purchased or financed, during that calendar year.

Our healthcare industry is both a substantial contributor to the global health crisis, as well as deeply troubled by it. It is uniquely situated to lead a revolution on both a community level as well as a planetary level, from land development, food, chemicals, and energy usage.

Sustainable health advocates believe that endeavors to safeguard and increase our health will not be successful if we don’t direct concerted efforts toward ecological, social, and economic adversities.

According to Practice Greenhealth, a nonprofit membership organization created on the principles of positive environmental stewardship and best practices in the healthcare sector, healthcare represents 18% of the U.S. economy, and 10% of the global economy. Healthcare undoubtedly has the ability to make a positive transformation on communities and commerce.

With political campaigns ramping up and candidate debates taking center stage on primetime television, it comes as no surprise that healthcare is a hot topic now more than ever. It is, after all, one of the most relevant social and economic concerns in the United States.

Surveys indicate that voters continue to be frustrated with inflated drugs prices, rising out-of-pocket expenses, and grim health insurance benefits.

Most projections indicate that Democrats will fall short of taking senate control next year, much less meet the 60-vote supermajority that is needed to pass Medicare for All (without a filibuster). Republicans haven’t been shy about sharing their intentions to unanimously vote against the bill.

The Democratic House has a progressive agenda regarding healthcare, but the laws presiding over healthcare are most likely going to stay as is.

More and more, medical procedures are being conducted in outpatient facilities vs. an inpatient setting. Mammogram screenings and cataract procedures may not come as a surprise, but many patients would rather have their total joint replacement surgery done in ambulatory centers than in a hospital. This is because of the convenience factor, a lesser burden on the wallet, and overall easier experience.

The gap between inpatient and outpatient net revenue continues to close in. In the 2019 Hospital Statistics report, the American Hospital Association shared that hospitals’ 2017 outpatient revenue was $472 billion. By comparison, the inpatient revenue was nearly $498 billion.

The age-old expression…the landscaper always has the worst-looking yard…means that we tend to pour ourselves into our professions, but don’t necessarily give ourselves the same TLC. The same can be true for physicians. In this month’s blog content, we discussed the burnout epidemic among medical workers, as well as ideas on how to combat the mental, emotional and physical demise of healthcare staff. 

Fortune 500 companies invest in coaching to encourage behavioral proficiency of their current leaders and leaders-in-training. Personal development and leadership coaching have become mainstream in recent years.

Respected, world-renowned coaches such as Tony Robbins, John Maxwell, and Rachel Hollis are plastered all over social media, podcasts and stand on stages in front of tens of thousands of “students.” It’s time to invest in coaches for physicians who are deserving and very much need some attention in the self-care department.