Skip to content
  • About
  • Contact
  • Contribute
  • Book
  • Careers
  • Podcast
  • Recommended
  • Speaking
  • All
  • Physician
  • Practice
  • Policy
  • Finance
  • Conditions
  • .edu
  • Patient
  • Meds
  • Tech
  • Social
  • Video
    • All
    • Physician
    • Practice
    • Policy
    • Finance
    • Conditions
    • .edu
    • Patient
    • Meds
    • Tech
    • Social
    • Video
    • About
    • Contact
    • Contribute
    • Book
    • Careers
    • Podcast
    • Recommended
    • Speaking

How behavioral finance can be used in medicine

Samuel Plost, MD
Conditions
April 27, 2018
Share
Tweet
Share

While I was reading an issue of New England Journal of Medicine, I came across an interesting perspective article. Usually, I skip these articles and focus on clinical studies, images in medicine and review articles that usually have higher yield information that I can apply to help care for my patients. However, Dr. Jerry Avorn’s article, “The Psychology of Clinical Decision Making- Implications for Medication Use,” caught my attention.

Essentially, he discusses how a lot of clinical decision making in medical education is based on the assumption that both clinicians and patients “behave rationally” meaning that with appropriate information they will make decisions that maximize health benefits and minimize risk of harm. However, my clinical experience has shown me, often on a daily basis, that both patients and clinicians act irrationally.

A relevant example would be the treatment of influenza. A lot of patients are hesitant to get the flu shot but will call my office for oseltamivir (Tamiflu) after the first cough, sneeze or runny nose despite what most clinicians consider to be overwhelming evidence that the vaccine is significantly more effective than Tamiflu.

A 2014 British Medical Journal systematic review looked at the 83 articles which reviewed the potential benefits of Tamiflu. From this review, Tamiflu has good evidence supporting reduced time from onset of illness to first alleviation of symptoms from 7 days to 6.3 days (16.8 hours). When used as a post-exposure prophylaxis agent in patients exposed to the flu, it has been shown to reduce risk of symptomatic flu by 55 percent. There is not evidence to show that it reduces rates of hospitalizations, death, diagnosis of post-flu pneumonia (lung infection), bronchitis, otitis media (ear infection) nor sinusitis (sinus infection) any better than placebo.

Now, let’s compare Tamiflu to the influenza vaccine.

According to the CDC, the influenza immunization (flu shot), has been shown in studies to reduce flu-related hospitalizations for the general population. This impact is even greater in high-risk patient groups such as diabetics (79 percent ) and patients with chronic lung diseases (52 percent). A 2017 study, published in Pediatrics, shows that from 2010-2014, children who received flu shots had a decreased risk of dying from the flu by 51 percent in healthy children and 65 percent in children with underlying medical conditions. There is also an incredibly large amount of information documenting safety of the influenza vaccine in both children and adults.

From reading the above information, it seems like the rational choice would be to get an annual flu shot. However, a large number of patients are still not immunized. According to the National Immunization Survey-Flu (NIS-Flu) and Behavioral Risk Factor Surveillance System (BRFSS), vaccination rates for adults have been approximately 40 percent for adults and 55 percent for children from 2009-2016. This means over 50 percent of adults and almost 50 percent of children fail to get immunized despite the above information being known and readily accessible.

While there is a large amount of research in fields such as behavioral finance, I have not seen anything like this being studied in medicine. I think this issue is only going to become more important as quality metrics (diabetes bundles, BP goals, heart failure bundles, adherence to guidelines) continue to become more important for physician evaluation and institutional accreditations. While there is so much we have yet to learn in the field of medicine, I think there is some low-hanging fruit in discovering why we fail to provide care to the best our knowledge. I’d even be willing to wager that some of the tools used in behavioral finance could be used to nudge patients and clinicians into making better health care decisions.

Samuel Plost is a physician who blogs at the Ever Curious Skeptic.

Image credit: Shutterstock.com

Prev

What I wish I knew as a young doctor

April 27, 2018 Kevin 2
…
Next

A Black Panther for diabetics

April 27, 2018 Kevin 1
…

Tagged as: Infectious Disease, Primary Care

Post navigation

< Previous Post
What I wish I knew as a young doctor
Next Post >
A Black Panther for diabetics

ADVERTISEMENT

Related Posts

  • Want to change medicine? Work in finance.

    Ryan O’Keefe
  • How social media can advance humanism in medicine

    Pooja Lakshmin, MD
  • The difference between learning medicine and doing medicine

    Steven Zhang, MD
  • KevinMD at the Richmond Academy of Medicine

    Kevin Pho, MD
  • Take politics out of science and medicine

    Anonymous
  • Medicine won’t keep you warm at night

    Anonymous

More in Conditions

  • Was Viagra the best heart drug we never had?

    Bharat Desai, MD
  • How to stay safe from back-to-school illnesses

    Kevin King, PhD
  • The infectious hypothesis of heart disease revisited

    Larry Kaskel, MD
  • How timing affects chemical exposure risks

    Oluyemisi Famuyiwa, MD
  • A physician’s tribute to respiratory therapists

    Zoran Naumovski, MD
  • How to protect your voice like a professional

    Carly Bergey, CCC-SLP
  • Most Popular

  • Past Week

    • A doctor’s letter from a federal prison

      L. Joseph Parker, MD | Physician
    • Why doctors are losing the health care culture war

      Rusha Modi, MD, MPH | Policy
    • The hypocrisy of insurance referral mandates

      Ryan Nadelson, MD | Physician
    • A cancer doctor’s warning about the future of medicine

      Banu Symington, MD | Physician
    • How therapy helps uncover hidden patterns that shape our lives [PODCAST]

      The Podcast by KevinMD | Podcast
    • A medical student’s journey to Tanzania

      Giana Nicole Davlantes | Education
  • Past 6 Months

    • Rethinking the JUPITER trial and statin safety

      Larry Kaskel, MD | Conditions
    • The ignored clinical trials on statins and mortality

      Larry Kaskel, MD | Conditions
    • How one physician redesigned her practice to find joy in primary care again [PODCAST]

      The Podcast by KevinMD | Podcast
    • I passed my medical boards at 63. And no, I was not having a midlife crisis.

      Rajeev Khanna, MD | Physician
    • Why doctors must fight for a just health care system

      Alankrita Olson, MD, MPH & Ashley Duhon, MD & Toby Terwilliger, MD | Policy
    • The silent disease causing 400 amputations daily

      Xzabia Caliste, MD | Conditions
  • Recent Posts

    • Ending monopolies is the first step toward true health care reform [PODCAST]

      The Podcast by KevinMD | Podcast
    • Was Viagra the best heart drug we never had?

      Bharat Desai, MD | Conditions
    • How to stay safe from back-to-school illnesses

      Kevin King, PhD | Conditions
    • The burden of the eldest daughter

      Jessie Mahoney, MD | Physician
    • A doctor’s letter from a federal prison

      L. Joseph Parker, MD | Physician
    • A surgeon’s reflections on God, intelligence, and being a good cell in the universe [PODCAST]

      The Podcast by KevinMD | Podcast

Subscribe to KevinMD and never miss a story!

Get free updates delivered free to your inbox.


Find jobs at
Careers by KevinMD.com

Search thousands of physician, PA, NP, and CRNA jobs now.

Learn more

View 1 Comments >

Founded in 2004 by Kevin Pho, MD, KevinMD.com is the web’s leading platform where physicians, advanced practitioners, nurses, medical students, and patients share their insight and tell their stories.

Social

  • Like on Facebook
  • Follow on Twitter
  • Connect on Linkedin
  • Subscribe on Youtube
  • Instagram

ADVERTISEMENT

ADVERTISEMENT

  • Most Popular

  • Past Week

    • A doctor’s letter from a federal prison

      L. Joseph Parker, MD | Physician
    • Why doctors are losing the health care culture war

      Rusha Modi, MD, MPH | Policy
    • The hypocrisy of insurance referral mandates

      Ryan Nadelson, MD | Physician
    • A cancer doctor’s warning about the future of medicine

      Banu Symington, MD | Physician
    • How therapy helps uncover hidden patterns that shape our lives [PODCAST]

      The Podcast by KevinMD | Podcast
    • A medical student’s journey to Tanzania

      Giana Nicole Davlantes | Education
  • Past 6 Months

    • Rethinking the JUPITER trial and statin safety

      Larry Kaskel, MD | Conditions
    • The ignored clinical trials on statins and mortality

      Larry Kaskel, MD | Conditions
    • How one physician redesigned her practice to find joy in primary care again [PODCAST]

      The Podcast by KevinMD | Podcast
    • I passed my medical boards at 63. And no, I was not having a midlife crisis.

      Rajeev Khanna, MD | Physician
    • Why doctors must fight for a just health care system

      Alankrita Olson, MD, MPH & Ashley Duhon, MD & Toby Terwilliger, MD | Policy
    • The silent disease causing 400 amputations daily

      Xzabia Caliste, MD | Conditions
  • Recent Posts

    • Ending monopolies is the first step toward true health care reform [PODCAST]

      The Podcast by KevinMD | Podcast
    • Was Viagra the best heart drug we never had?

      Bharat Desai, MD | Conditions
    • How to stay safe from back-to-school illnesses

      Kevin King, PhD | Conditions
    • The burden of the eldest daughter

      Jessie Mahoney, MD | Physician
    • A doctor’s letter from a federal prison

      L. Joseph Parker, MD | Physician
    • A surgeon’s reflections on God, intelligence, and being a good cell in the universe [PODCAST]

      The Podcast by KevinMD | Podcast

MedPage Today Professional

An Everyday Health Property Medpage Today
  • Terms of Use | Disclaimer
  • Privacy Policy
  • DMCA Policy
All Content © KevinMD, LLC
Site by Outthink Group

How behavioral finance can be used in medicine
1 comments

Comments are moderated before they are published. Please read the comment policy.

Loading Comments...