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How to Stay Profitable in Today’s Environment
PMA 2013
Presented by Vachette PathologyMick Raich, President
Medical Practice Today: Top 15 challenges ranked by AWI
2013 Rank Challenge Intensity % Applicability% AWI
1 Dealing with rising operating costs 71% 98% 0.69
2 Preparing for reimbursement models that place a greater share of financial risk on the practice
74% 93% 0.69
3 Managing finances with the uncertainty of Medicare reimbursement rates 65% 95% 0.61
4 Collecting from self-pay, high-deductible and health savings account patients 59% 97% 0.57
5 Understanding the total cost of an episode of care from the payer's perspective 60% 92% 0.55
6 Preparing for the transition to ICD-10 diagnosis coding 58% 94% 0.54
7 Maintaining physician compensation levels 53% 93% 0.50
8 Collaborating with payers to implement new payment models 59% 76% 0.45
9 Negotiating contracts with payers 52% 86% 0.45
10 Optimizing an existing EHR 54% 82% 0.45
11 Modifying your physician compensation formula to more heavily emphasize quality metrics, such as population-based outcomes, patient health status, patient satisfaction and patient safety
56% 77% 0.44
12 Managing teamwork and group dynamics among physicians 44% 96% 0.43
13 Participating in the Centers for Medicare & Medicaid Services’ EHR meaningful use incentive program 47% 91% 0.42
14 Monitoring payer compliance with contract terms 46% 89% 0.41
15 Attracting skilled professionals 41% 96% 0.39Reprinted with permission from the Medical Group Management Association, 104 Inverness Terrace East, Englewood, Colorado 80112. www.mgma.com. Copyright 2013.
Thank You
and view our blog at http://vachettepathology.blogspot.com/
For more information, please contactMick Raich at 866-407-0763www.vachettepathology.com
