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Reimbursement Problems! |
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Healthcare Reforms Affecting Practices in 2016 |
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The ever changing industry of healthcare deems compliancy as the foremost challenge. Dealing with increasing demands and ensuring profitability is gradually taking a toll. While various reforms have been beneficial for practices, it has, at the same time placed pressure on how care is delivered. |
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Industry Highlights |
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- Affordable Care Act (ACA) has made significant changes to group health plans since the law was enacted.
- Experts predict that while there will be a rise in drug prices, the practice of hiking prices merely for profits may decrease.
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Efficient practice management
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Measures taken by Physicians to balance quality & finance |
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Continuous changes in healthcare compel physicians to devote more time to adhere to changes in order to avoid going into losses. Physicians are facing mounting challenges given the administrative requirements and lack of time for patient care. Time management has thus become a crucial issue for physicians across US. It is a fact that more number of practices are struggling to maintain financial stability. |
| Industry Facts |
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- Medicare physician payments are set to increase 0.5% per year from 2016 through the end of 2018 under MACRA.
- Only 55% of time is spent in face-to-face patient care.
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