Medical Economics surveyed 1,300 physicians to generate the report.
Twelve insights on physicians’ financial circumstances:
Top reasons finances improved in 2018
1. Seeing more patients
2. Change in practice model
3. Receiving pay-for-performance incentives
4. Renegotiated payer contracts
5. Addition of ancillary services
Top reasons finances got worse in 2018
1. More time spent on uncompensated tasks
2. Higher overhead
3. Lower reimbursement from commercial payers
4. Higher technology costs
5. Government regulations
6. Difficulty with patient collections
7. Penalties related to quality metrics or pay-for-performance programs
More articles on coding, billing and collections:
How an Indiana ASC approaches patient collections
Vasectomies cost more in ASCs than office settings, study finds: 5 insights
Optum revenues climb 11.7% year-over-year — 11 insights
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.
