Physician practices of all sizes are currently feeling the squeeze of dwindling reimbursements. The conundrum of receiving reimbursements is related primarily to hassles with payers, prior authorizations, and government red tape (Medical Economics). To put it bluntly, a significant number of practices are receiving less money to provide the same services.
These providers are forced to see more patients while continuing to focus on the quality of care being administered. This is quite a daunting task.
Combat the 800 LB Gorilla in the Room Smarter and Harder
The saying “time equals money” has never applied more to the small-medium sized physician practice than at this particular time in history. Especially with the passing of the Affordable Care Act (ACA). Physicians are complaining about shrinking reimbursement rates (rightfully so) and the physician practice is having to treat an increased amount of patients in the same amount of office time. Practices need to provide quality care to their patients while being concerned about their bottom line. This means that their billable hours must go up and the level of care must not suffer.
Change is a scary thing for almost everyone. Whether it is in your personal or professional life, change is often not welcomed with open arms. There is skepticism, hesitation, resentment, fear, or just the urge to stick to old habits.