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Poll of the Week – What’s the Biggest Practice-Management Challenge?
From preparing for ICD-10 to participating in the EHR meaningful use incentive program, what’s the most difficult aspect of your daily work?
The MGMA-ACMPE recently asked its members to rate 54 practice-management issues and identify which challenges were most applicable and intense to their daily work.
According to the more than 1200 responses received, the top five most applicable and intense challenges of running a group practice are:
1. Managing finances with the uncertainty of Medicare reimbursement rates
2. Preparing for reimbursement models that place a greater share of financial risk on the practice
3. Preparing for the transition to ICD-10 diagnosis coding
4. Dealing with rising operating costs
5. Participating in the Centers for Medicare & Medicaid Services' EHR meaningful use incentive program
Have another answer or comment on our Poll of the Week? Share it below.
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.
How to reduce surprise billing in your practice
November 15th 2021Physicians Practice® spoke with Kristina Hutson, a product line developer at Availity, about surprise billing events in independent healthcare practices and what owners and administrators can do to reduce the likelihood of their occurrence.
