Republican Tennessee Gov. Bill Haslam signed a bill requiring health insurers to notify physicians about mid-contract changes to reimbursements and fee schedules in advance.
Through 2030, Medicare spending under certain circumstances could fall by up to $106 billion on physician services and by up to $250 billion on hospital services as a result of MACRA, according to research published by Health Affairs.
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Financial pressures and uncertainty about the future of the American healthcare industry are changing the way independent physicians and other medical professionals run their practices, according to a survey by TD Bank.
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Medical associations and experts have noted that performance reporting will be a burden on small practices under Medicare’s new Merit-based Incentive Payment System (MIPS), a value-based payment program that began on January 1.
Editor’s note: APMA has MACRA resources to help DPMs overcome payment obstacles. Check out the MACRA Made Easy reimbursement series, too.
As merger and acquisition activity consumes independent physician practices, medical doctors need to weigh their options, says Nicholas Grosso, MD, president of The Centers for Advanced Orthopaedics in Bethesda, MD.
