June 20, 2025 Newswires

Researchers from Rowan University Detail New Studies and Findings in the Area of Managed Care (Current Status of Healthcare Financial Literacy Among Medical Trainees and Junior Hospitalists an Observational Survey Study): Managed Care

Education Daily Report

2025 JUN 20 (NewsRx) -- By a News Reporter-Staff News Editor at Education Daily Report -- New research on Managed Care is the subject of a report. According to news reporting out of Camden, New Jersey, by NewsRx editors, research stated, “The absence of comprehensive education on hospital value-based purchasing during undergraduate medical education may lead to inadequate comprehension of healthcare finance during Graduate Medical Education and subsequent medical practice. Medicine residents and junior hospitalists (defined as those who completed their residency in the last 5 years) may lack essential healthcare financial skills to address the needs of their patients and the healthcare system effectively.”

Our news journalists obtained a quote from the research from Rowan University, “To assess healthcare financial literacy among medical students, medicine residents, and junior hospitalists, we conducted a survey at an academic Internal Medicine residency affiliated with a US Medical School. Participants completed a 40-item questionnaire sourced from federal government healthcare system websites, providing demographic data and indicating prior formal healthcare finance education. Of the 126 respondents, only 15.6% reported receiving formal healthcare financial education, with merely 4 out of 34 junior hospitalists having prior education. Notably, there were no significant differences in correct answer percentages between 3rd and 4th-year medical students, medicine residents, and junior hospitalists across 3 domains: Medicaid/Medicare insurance, US healthcare systems & insurance, and healthcare access, quality and value-based purchasing. However, participants performed better in the domain of Medicaid/Medicare insurance compared to the other domains.”

According to the news editors, the research concluded: “This study underscores the potential deficiency in financial skills among junior healthcare providers, highlighting the importance of addressing this gap to ensure effective patient care.”

For more information on this research see: Current Status of Healthcare Financial Literacy Among Medical Trainees and Junior Hospitalists an Observational Survey Study. Medicine, 2025;104(7). Medicine can be contacted at: Lippincott Williams & Wilkins, Two Commerce Sq, 2001 Market St, Philadelphia, PA 19103, USA. (Elsevier - www.elsevier.com; Medicine - http://www.journals.elsevier.com/medicine/)

Our news journalists report that additional information may be obtained by contacting Lin Zheng, Rowan University, Division of Hospital Medicine, Dept. of Medicine, Cooper Med Sch, Camden, NJ 08103, United States. Additional authors for this research include Odera Ekeh, Amonte Simmons, Krystal Hunter and Alka Farmer.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1097/md.0000000000041581. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.