Physician response to declining reimbursement

 

In the 2011 Healthleaders Media Industry Survey, the following question was asked of physicians:

HOW WILL YOU RESPOND TO LOW MEDICARE/MEDICAID REIMBURSEMENTS?

The following were their responses:

35% Seek employed position with hospital or health system;

28% Quit taking new Medicaid patients;

27% Quit taking new Medicare patients;

24% Seek shelter from a health system or large group medical practice;

12% Quit practicing medicine or retire.

Just proves my point - if you are going to sit there and be reactive, you are guaranteed to lose net income; YOU MUST be proactive with your physician practice in this ever changing healthcare marketplace. Strategize and plan your future!!

Have questions? I’m here to help.

Categories
Accounting and Tax Services Litigation Support Managed Care Consulting Managed Care Contract Negotiations Medical Practice and Healthcare Entity Valuation Medical Practice Assessment Medical Practice Brokerage Medical Practice Embezzlement Consulting Medical Practice Management Medical Practice Merger Advice Medical Strategic Planning Newsletter Personal Financial Planning Oversight Physician Compensation Models Physician Compliance Physician Financial Management Services Retirement Uncategorized
About Reed Tinsley, CPA

As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read More >

Reed Tinsley, CPA for Physicians