Survey: Regulatory burden weighing on medical practices
Medical practices have been negatively impacted by federal regulations and policies
The Medical Group Management Association has released the results of its third annual “Regulatory Burden Survey,” examining the impact of federal regulations and policies on medical practices. The 2019 survey includes responses from executives representing more than 400 group practices. Key findings from the survey follow. Â Â
How has the overall regulatory burden on your practice changed in the past year?
Increased: 86%
Decreased: 1%
Unchanged: 13%
How burdensome are Medicare’s quality payment program requirementsâ¨(MIPS and APMs)?
Extremely burdensome: 47%
Very burdensome: 30%
Moderately burdensome: 17%
Slightly/not burdensome: 6%
Does CMS’s feedback on MIPS quality measure performance help your practice improve clinical outcomes?
No: 76%
Yes: 7%
Unsure: 17%
Have MIPS positive payment adjustments covered the time and resources spent preparing for and reporting under the program?
No: 87%
Yes: 4%
Unsure: 9%
Would a reduction in regulatory burden allow your practice to reallocate resources toward patient care?
Yes: 96%
No: 1%
No opinion: 3%
How burdensome are payers’ prior authorization requirements?
Extremely burdensome: 61%
Very burdensome: 22%
Moderately burdensome: 10%
Slightly/not burdensome: 7%
How burdensome are HIPAA privacy and security requirements?
Extremely burdensome: 14%
Very burdensome: 28%
Moderately burdensome: 35%
Slightly/not burdensome: 23%