Unless I can find a way to learn about ACOs through osmosis while I sleep, I’ll hold off on weighing in.
I was asked a week ago if I was interested in writing about my take on the proposed Accountable Care Organization rule and what I thought the impact might be on a small practice like mine. I decided that I was not in a position to really make that kind of assessment, because I don’t know enough about it, and quite honestly, I don’t have the time to read about it right now.
“Why not?” you ask? I’m just too darned busy. Forget the fact that I have two young children, each with two activities they have to be shuttled to and from. I have stuff to do.
Let’s start with the daily nitty-gritty. I decided that it was not cost-effective to have an office manager, therefore, I AM the office manager. I make sure the office is clean and presentable; that the patient education material and the People magazines are neatly placed in the waiting room every morning. I make sure the back up system for the EMR is working. I troubleshoot the computers/network/EMR to the best of my ability as needed. Oh sure, I delegate. My MA is in charge of making sure we have enough supplies, and I have her keep an inventory. But I still check periodically, ’cause I just can’t afford to not have what I need when I need it. I even make sure there’s enough toilet paper in the bathroom. Then, there’s keeping track of staff members’ hours for payroll. And then, of course, my personal favorite: making sure the bills are paid.
I still have to figure out how to get my EMR incentive. And then there’s ICD-10 to look forward to. And I have to make sure I get enough CMEs to keep my license.
Oh, and somewhere in there, I need to squeeze in a little thing known as patient care. You know, actually talking to and examining patients, counseling, educating, etc. I have hospital rounds. And then there’s the paperwork involved in that - the prior auths, the pre-approvals (what’s the difference anyway?), the appeals. And the phone calls. I’ll swear, I ask every patient while they are in the office two things: 1) Do you need any prescriptions, and 2) Do you have any questions? And invariably, I will get the call the next day from two or three patients for prescriptions, or for instructions, or something.
So, right now, unless I can find a way to learn about ACOs through osmosis while I sleep, you’re just going to have to wait for my opinion.
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Asset Protection and Financial Planning
December 6th 2021Asset protection attorney and regular Physicians Practice contributor Ike Devji and Anthony Williams, an investment advisor representative and the founder and president of Mosaic Financial Associates, discuss the impact of COVID-19 on high-earner assets and financial planning, impending tax changes, common asset protection and wealth preservation mistakes high earners make, and more.