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Compliance Thresholds and Reimbursement cuts. How can Radiologists Survive 2013 ?

November 28, 2012 by MedicalBillingStar Leave a Comment

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Can Radiologists cope with the changes Ahead ?

It is a particularly challenging time to be a radiologist. In fact a majority of radiologists would rather forgo financial incentives instead of participating in meaningful use programs. We all know that MU 1 left a lot to be desired. There were rumbles and murmurs about imaging being sidelined.

The stage 2 meaningful use guidelines is believed to be more achievable and radiology specific. But are radiologists ready to embrace the changes ahead ?

“I have no idea”

Most radiology practices especially solo physician practices have no idea about MU guidelines. A survey conducted by RSNA and KLAS sheds more light into this subject. It is reported that about 40% of radiologists complained about lack of clarity. Or, a steep decrease in efficiency after adopting MU guidelines, were the major reasons why they were reluctant to join the MU bandwagon.

More to it than meets the Eye !

Complicated guidelines that are difficult to report against, no penalties at least for the time being are just the apparent reasons. The pressures and financial stress associated with running a radiology practice are the stuff nightmares are made of.

Medicare Physician Fee Schedule; Can have a Chilling effect…

The reimbursements cuts for the year 2013 will lead to a drop of almost 19% in the collections of radiology practices. A 25% cut for interpretation of images has led to voices of dissent and ruffled feathers. Against this backdrop it is only natural that radiologists are not up to speed with the proposed guidelines.

A lot to cope with !

Compliance and quality thresholds, lowered payments and radiology billing issues ensure that the physicians cup of woes brims over ! There are always a million things to do. And that could well be the reason why adopting the latest guidelines, has found its way to the bottom of the priority list.

Take the First step now !

It is likely that radiologists are going to avoid MU as far as possible. But with challenges come opportunities. Though the pains faced by radiologists are not new, the pressing need to address them is increasing by the day. It is important that radiologists step back and take stock of the situation.

Innovative Solutions ?

Healthcare providers have heard this term all too often. But the remedy that radiologists need is certainly nothing unique or path breaking. It is a fact that good old outsourcing can save radiology practices from sinking into an abyss. Letting third party associates to handle billing and clinical documentation needs can reduce costs.

It can also give radiology practitioners the much needed space to concentrate and adapt to changing guidelines. And with financial incentives being available only till 2016 it is time for physicians to take a call, fast.

Filed Under: Medical Billing, Medicare, Revenue cycle management Tagged With: Radiologists Meaningful use guidelines, Radiology Billing Company, Radiology Compliance and reimbursements, Radiology Oncology Billing Services

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