How to improve practice financials
The healthcare industry is definitely in a state of transformation. Regulatory changes including the Quality Payment Program have moved Medicare reimbursement from a fee-for-service model to value-based care. At the same time, patients face uncertainty about coverage from the Affordable Care Act and congressional efforts to repeal it. Add to that increased patient financial responsibility as a result of more than 24% of today’s employees being enrolled in high-deductible health plans.1
With all of these influences, it’s no wonder that physician practices face challenges when it comes to collecting payment and managing revenue. In fact, a 2016 survey from Capital One Spark Business said 69 percent of physicians and practice owners nationwide cited cash flow and reimbursement as a top concern.
Our new white paper on improving your practice's financial health addresses a number of issues facing clinicians and physicians today. It incorporates data from a recently conducted national survey and presents not just the concerns, but tactics and strategies that may help your business as well.
1. Brooke Murphy, “21 statistics on high-deductible health plans” Becker’s Hospital Review, May 19, 2016
2. Natalie Tornese, “Cash flow and reimbursement, the top challenges physicians face in 2017” Healthcare News, January 11, 2017
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