Posts Tagged ‘physician practice profitability’

Infographic: Physician Practice Profitability

December 14th, 2015 by Melanie Matthews

The Practice Profitability Index, a survey of more than 5,000 physicians that provides an annual window into the issues affecting the financial and operational health of physician practices across the United States, revealed room for cautious optimism in 2016, with the share of physicians forecasting a negative profitability trend declining year over year. The Practice Profitability Index is sponsored by CareCloud and QuantiaMD.

A new infographic highlights some of the results from the Practice Profitability Index, including challenges to practice profitability, physician practice ownership trends and key targets for physician practice operational improvement.

One year after the Centers for Medicare and Medicaid Services began reimbursing physician practices for chronic care management services, Bon Secours Medical Group is now comfortable with the CCM reimbursement requirements and is reporting that it’s unique approach to this revenue opportunity is ramping up nicely. And, the organization’s approach to chronic care management reimbursement is helping to position itself for advance care planning as a new billable CMS event in the upcoming year.

During Physician Reimbursement in 2016: Workflow Optimization for Chronic Care Management and Advance Care Planning, a January 26th webinar at 1:30 p.m. Eastern, Robert Fortini, PNP, chief clinical officer for Bon Secours Medical Group, will provide an inside look at his organization’s experience with CMS’ chronic care management reimbursement this year and how they are leveraging this experience for CMS’ newest billable event in 2016—advance care planning.

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Infographic: 4 Key Steps to Increasing Physician Practice Revenue

September 25th, 2015 by Melanie Matthews

There are several key steps physician practices can take to help grow their practice revenue, according to a new infographic by MedLanding News.

4 Key Steps to Increasing Physician Practice Revenue

Lessons from a Leading Pioneer ACO: Value-Based Gains from Physician Engagement, Performance Improvement and Care ManagementFollowing Pioneer ACO Year 3 results released by CMS in August 2015, Steward Health Care Network continues to make good on its Promise to provide coordinated, high-quality and cost-efficient care to its 80,000 Pioneer-aligned Medicare beneficiaries. Promise, Steward’s top-performing Pioneer ACO, has generated $30 million of savings in its first three years of participation, according to recently published data.

Lessons from a Leading Pioneer ACO: Value-Based Gains from Physician Engagement, Performance Improvement and Care Management provides veteran advice from Kelly Clements, Pioneer Program Director, Steward Health Care Network. Steward is one of 20 accountable care organizations remaining in the Pioneer program and one of 15 reporting savings for year 3 (2014).

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Infographic: Practice Profitability

June 4th, 2013 by Melanie Matthews

Physicians are almost two-thirds more likely to see their practice profitability trending down in the next year, according to new report, the Practice Profitability Index.

An infographic based on the report data describes the key reasons practice profitability is trending down, including declining reimbursements, rising costs and coding and billing challenges, as well as the impact felt by practices from the Affordable Care Act.

Practice Profitability

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You may also be interested in this related resource: Secrets of The Best-Run Practices 2nd Edition.