Healthcare Leaders Discussed Medicare Payment Alternatives at AMA Summit

At an American Medical Association-sponsored summit in Washington, D.C., healthcare experts discussed revamping the Medicare pay structure, according to American Medical News.

The current payment system, which hinges on the sustainable growth rate formula, is unsustainable and continuously threatens pay cuts to the fee-for-service model, according to the report.

Physicians and industry leaders believe the Medicare SGR formula must be eliminated before meaningful reforms can take place. The AMA has also drafted a framework for transitioning away from the SGR.

Even if the SGR were to be eliminated, many hurdles to payment reforms would exist, including getting physicians and payors on board for coordinated care. At the summit, experts brainstormed improved models, such as bundled payments.

More Articles on Coding, Billing and Collections:
Common Coding Mistakes in Ambulatory Surgery Centers: 6 Best Practices (Part 3 of 3)
4 Tips for Helping Physicians Embrace ICD-10
Health Data Vision Raises $2.8M for Billing, Coding Software Development


Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Webinars

Featured Whitepapers

Featured Podcast