What's Driving Your Medical Practice to Change?
Mary Pat Whaley, FACMPE, CPC
Medical Practice Consultant, Manage My Practice LLC
We've heard from many small independent practices of their desire to evaluate/change their practice model due to:
- Ongoing Medicare quality program demands and commercial insurance fee reductions.
- Increasing administrative expense related to pre-authorizations, denials, and patient collections due to high-deductible health plans.
- Desire for more time with patients without sacrificing income.
Now you can weigh in on the discussion by participating in Kareo's and the American Academy of Private Physicians' (AAPP) annual survey which asks independent physicians for their perceptions of different practice models such as traditional fee-for-service, cash fee-for-service, concierge/retainer plans, telemedicine and more.
This description of the survey is posted on Kareo's blog:
"Industry research has shown that many independent physicians are concerned about whether or not they can be adequately prepared from the growing shift to value-based reimbursement. As a result, they are testing or fully transitioning to other options like concierge, direct-pay, and virtual models. For the second year, Kareo has partnered with AAPP to investigate this trend more broadly, seeking to understand the challenges and benefits of each payment structure. Furthermore, this survey seeks to determine if a hybrid practice model, which takes into account various payment models, could solve issues of contention that physicians have with their current practice model."
Healthcare providers and those who manage their practices can access the survey for a chance to win an Apple Watch, an iPad, or a one year AAPP membership. The survey is here: Private Practice Model Perspective 2016.
Want to learn more about different practice models. See my slide deck below "Twelve Practice Models for 2016"
Mary Pat Whaley is a Physician Advocate and Consultant who blogs at Manage My Practice. Her LinkedIn group of the same name, Manage My Practice, is for those interested in healthcare management.
Consultant ORL-HNS
8yKnowledge about the human body structure and functinos are changing with the advent of technology in all forms especially nano and, now AI ! Conciously or otherwise we are forced to change as we are all aware that the only thing that is permanent is CHANGE itself!
Retired
8yI had a wonderful experience with a practice yesterday. From the phone call for appt. to the front desk, and visit with staff and Dr. all under an hour. This experience is the most positive to date.
COTA(Certified Occupational Therapy Assistant) , Associate degree
8yI think majority of citizens would agree that it's Medicare(and other insurance companies)and health care premium costs.
Medical Administrator at Vikram S. Jayanty, M.D.,PA
8yProviding optimum care for our patients is still our number one goal! Dealing with the insurance industry is more difficult every day! Looking for a better delivery system of healthcare for all not just those who can afford to pay for concierge services!