Support our online development, and advance our onground research initiatives in free market economics, as we seek to showcase the brightest Next-Gen minds.
THE ME-P DISCLAIMER: Posts, comments and opinions do not necessarily represent iMBA, Inc., but become our property after submission. Copyright © 2006 to-date. iMBA, Inc allows colleges, universities, medical and financial professionals and related clinics, hospitals and non-profit healthcare organizations to distribute our proprietary essays, photos, videos, audios and other documents; etc. However, please review copyright and usage information for each individual asset before submission to us, and/or placement on your publication or web site. Attestation references, citations and/or back-links are required. All other assets are property of the individual copyright holder.
Charting Medicare Uncertainty in 2008
Staff Writers
According to the Medical Group Management Association [MGMA], physician group practices nationwide are reacting to an uncertain reimbursement environment and the failure of Medicare physician payments to keep pace with the cost of delivering care.
Uncertain Economics
As a result of a six-month adjustment to Medicare payments, the looming 10.6 percent cut scheduled for July 1 2008 – and an additional 5.4 percent cut to physician reimbursement scheduled for January 2009 – physicians and medical practices are considering reducing beneficiary access further and making operational sacrifices.
Assessment
Nearly 24 percent of respondents indicated that as a result of the financial uncertainty created by the temporary adjustment to Medicare physician payments – and pending 10.6% reductions scheduled for July 2008 – they had either begun limiting or not accepting new Medicare patients.
And, nearly half (46 percent) of respondents said they would have to stop accepting and/or limit the number of Medicare beneficiaries their practices treat.
Conclusion
And so, how will you deal with the diminishing reimbursement environment in a changing regulatory and economic milieu; please be specific with your comments?
Institutional: www.HealthcareFinancials.com
Terms: www.HealthDictionarySeries.com
Share this:
Filed under: Career Development | Tagged: Health Care Finance |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
New Medicare and Social Security Shortfall Warnings
Trustees for the government’s two biggest benefit programs warned today that Social Security and Medicare are facing “enormous challenges,” with the threat to Medicare’s solvency far more severe.
More: http://www.msnbc.msn.com/id/23796483
-Ann
LikeLike