Here are five statistics to note:
1. A Health Affairs article found independent practices decrease avoidable hospitalizations by 33 percent.
2. A 2016 Harvard Medical Study found independent physicians have stronger incentives to prevent hospitalizations as opposed to hospital-employed physicians.
3. Compared to independent physicians, a JAMA 2014 study found costs for services associated with hospital-owned physicians increased 40 percent and multi-hospital-owned physicians rallied 56 percent.
4. An American Medical Association study suggests the movement to employment may not be as commonly thought. The study found between 2012 and 2014, 60.7 percent of physicians were in practices between 10 or fewer physicians.
5. The AMA study also found the practice owner physicians’ shares fell from 53.2 percent in 2012 to 50.8 percent in 2014. However, the AMA study findings are “in sharp contrast to predictions suggested by another prominent study.”
More articles on coding & billing:
Future POTUS to deal with next ACA enrollment potential fallouts: 5 things to know
Vulnerable patients have limited access to ACO physicians: 5 notes
State insurance regulators voice opposition to proposed regulation on short-term health plans — 7 things to know
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.