Independent physician practices face internal as well as external challenges. Payment cuts, increasing practice costs, lack of skilled resources are some of the factors due to which running an independent practice has become difficult.
Industry Facts :
|According to a 2013 Wolters Kluwer Health survey, financial management and shifting payment models are the top two challenges faced by majority of physicians in the US|
|As per Doctors Company survey, 60% physicians believe that healthcare reform will affect patient care in a negative manner|
|43% respondents to the Doctors Company survey admitted that they would prefer retiring in the next five years due to Affordable Care Act|
Top 4 Physician Practice Challenges
Here are the top four physician practice challenges that providers need to overcome in order to survive.
How is MBC Helping Physicians Overcome These Challenges?
By choosing to outsource medical billing services, hospitals and private practices can eliminate the trouble of hiring, training and retaining skilled coders and billers. There will not be any need to invest in expensive billing technology or worry about staff productivity issues.
MBC Offers Revenue Enhancing Opportunities
MedicalBillersandCoders.com has been helping 42 medical specialties across the US sail through the above-mentioned challenges. MBC has a strong team of certified coders and billers who are well-trained in handling billing complexities and strengthening the revenue cycle for physicians. This gives practices free time to concentrate on patient care and manage finances in an effective manner.
MBC’s revenue cycle management solutions have helped practices maximize revenue and minimize their claims denials. The team remains updated with the latest industry changes and makes use of high-end technology for billing and coding.