• Revenue Cycle Management
  • COVID-19
  • Reimbursement
  • Diabetes Awareness Month
  • Risk Management
  • Patient Retention
  • Staffing
  • Medical Economics® 100th Anniversary
  • Coding and documentation
  • Business of Endocrinology
  • Telehealth
  • Physicians Financial News
  • Cybersecurity
  • Cardiovascular Clinical Consult
  • Locum Tenens, brought to you by LocumLife®
  • Weight Management
  • Business of Women's Health
  • Practice Efficiency
  • Finance and Wealth
  • EHRs
  • Remote Patient Monitoring
  • Sponsored Webinars
  • Medical Technology
  • Billing and collections
  • Acute Pain Management
  • Exclusive Content
  • Value-based Care
  • Business of Pediatrics
  • Concierge Medicine 2.0 by Castle Connolly Private Health Partners
  • Practice Growth
  • Concierge Medicine
  • Business of Cardiology
  • Implementing the Topcon Ocular Telehealth Platform
  • Malpractice
  • Influenza
  • Sexual Health
  • Chronic Conditions
  • Technology
  • Legal and Policy
  • Money
  • Opinion
  • Vaccines
  • Practice Management
  • Patient Relations
  • Careers

Will we all be hospital or government employees?

Article

Today's independent physician is overwhelmed by the challenges posed by the 3 "big Rs": reimbursement, regulation, and recession. As a result, many are falling victim to hospitals, which see the opportunity to buy up individual practices unable to cope with the 3 Rs, and thereby control healthcare in their region.

So how do you fight back against the 3 Rs? Let's take them one at a time.

Reimbursement-From my experience as a healthcare consultant, I am convinced we are facing a 20%-22% reduction in reimbursement by 2012, at least for Medicare and Medicaid. Given that the commercial carriers will almost certainly follow suit, we are then looking at a loss of 20% of our revenue. How do we deal with that loss? By thinking differently. At a minimum, you must:

Related Videos
Georges C. Benjamin, MD
Gary Price, MD, MBA
Claire Ernst, JD, gives expert advice
Claire Ernst, JD, gives expert advice
Claire Ernst, JD, gives expert advice
Pete Reilly gives expert advice
George Rogu, MD, gives expert advice
Juan Espinoza, MD, gives expert advice
© 2023 MJH Life Sciences

All rights reserved.