The issue of dealing with rising operating costs topped the list of practice challenges in 2010, followed by uncertainty of Medicare reimbursement rates and implementing an EHR.
The other top 10 challenges to medical practices this year (in descending order beginning with No. 4) are:
• maintaining physician compensation levels;
• recruiting physicians;
• collecting from patients with self-pay, high-deductible health plans or health savings accounts;
• negotiating contracts with payors;
• managing teamwork and group dynamics among physicians;
• modifying physician compensation methodology; and
• participating in CMS’ Physician Quality Reporting Initiative, or PQRI.
Read the AAFP report on medical practice challenges.
Read more on hospital business.
–Four Major Challenges in the Hospital Revenue Cycle
–Five Tips on Point-of-Service Collections
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
