Affordable Care Act is the upcoming revolution, expected to change the face of healthcare industry in the years to come. It will not only extend quality care to patients but also improve the way medical services are administered by healthcare practitioners on the whole. Financial advantages of the ACA are hard to ignore and value addition to medical practices is expected to prove beneficial for physicians as well as patients.
However, the comprehensive impact of Affordable Care Act on family practitioners and their reimbursement patterns will only become evident in times to come. In addition to providing health cover to around 30 million un-insured Americans, ACA is also going to change the way patients pay medical practitioners. The objective of improving primary care by shifting away from fee-for-service model and focusing on quality care is bound to increase the financial burden on the practices. This is also expected to totally re-align the billing and reimbursement patterns of family practitioners.
ACA is introducing many changes in the billing and coding practices and linking reimbursements with quality care. Predominant changes expected to emerge with ACA reforms are –
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These significant changes would translate into greater focus on Revenue Cycle Management and transform reimbursement patterns of most family practitioners. Family practitioners will have to–
Even though the prime objective of Affordable care act is to substantially improve primary care and make it more accessible, the changes introduced by ACA would require primary care providers to adopt value based reimbursements into their RCM.
Medicalbillesandcoders.com is a billing expert that can partner with your family practice and help you get equipped to face the changes brought on by ACA. We offer comprehensive services to your primary care practice, providing assistance and consultancy in helping revamp your reimbursement pattern and revenue cycle management in accordance with the Affordable Care Act.