Word: norton
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According to Norton, the long-term impact of the Medicare reform legislation on medical education could be devastating, since Congress appears to be targeting the indirect medical education portion of Medicare for substantial reductions...
...That area will have much more of an impact on the Deaconess since so much of what we do is medical education," Norton says. "My suspicion is that that number in the next few years could be reduced by as much as 50 percent of the current amount...
...Norton says the Deaconess Hospital has already begun aggressively examining the financial impact of its commitment to medical education, in particular, thinking of ways to streamline the process and perhaps reduce the number of residency positions...
...even Norton concedes that cutting costs in its medical education infrastructure may not be adequate to recoup the loss in Medicare revenue...
...going to have to turn to such alternative vehicles as philanthropy and other means of support for medical education," Norton says. "Certainly at the Deaconess, medical education is such an integral part of what we do, so it is difficult to isolate it 'simply' because Medicare decides to change their funding...