{"id":311,"date":"2012-12-06T16:19:48","date_gmt":"2012-12-06T16:19:48","guid":{"rendered":"http:\/\/www.medicalbillingstar.com\/blog\/?p=311"},"modified":"2017-02-14T11:49:13","modified_gmt":"2017-02-14T11:49:13","slug":"2013-ahead-will-your-practice-fly-across-the-fiscal-cliff-or-fall-into-an-abyss","status":"publish","type":"post","link":"https:\/\/www.medicalbillingstar.com\/blog\/2013-ahead-will-your-practice-fly-across-the-fiscal-cliff-or-fall-into-an-abyss\/","title":{"rendered":"2013 Ahead ! Will your Practice fly across the Fiscal Cliff or fall into an Abyss?-Infographic"},"content":{"rendered":"

[AnythingPopup id=\"12\"]\"Survival-Tips\"<\/a>
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Beware Medical Practices 2013 Ahead !<\/strong><\/span><\/h2>\n

And we are not exaggerating. The whole nation is gone into a huddle, discussing about the eminent Fiscal Cliff. Medical practices, small independent practices in particular, are going to be the worst hit. Across the board sequestration cuts and a 2% reduction in Medicare reimbursement, have left physicians fuming.<\/p>\n

716 Billion Payment cut over the Next Ten Years\u2026<\/strong><\/span><\/h2>\n

The patient protection and affordable care act are aimed at improving the quality of patient care and reduce duplication. But, at what, cost ? From 2013 to 2022 it is going to be one rollercoaster ride for medical practitioners. Hospitals are increasingly merging and affiliating to handle the reimbursement cuts.<\/p>\n

Declining reimbursement means, acquiring and consolidating independent practices seems to be the most viable and sustainable model. Doctors, who want to continue to be independent, are facing the possibility of becoming endangered species.<\/p>\n

Small Practices Shutting their Doors\u2026<\/strong><\/span><\/h2>\n
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A recently published whitepaper by the Physicians Foundation and Merritt Hawkins suggest that small practices will be uniformly replaced in the coming years. It is a known fact that physicians are under-compensated.<\/p>\n<\/blockquote>\n

Small and medium practice owners should focus completely on maintaining RUV production at a sustainable level to tackle operational costs.<\/p>\n

A Few Ways to Survive the Tough Years Ahead !<\/strong><\/span><\/h2>\n