“In 2015, physicians will find themselves facing new challenges and policies related to the Accountable Care Act (ACA), which reforms healthcare by changing payment systems. Instead of traditional, pay-for-service models, new systems will pay physicians for value provided to patients. To remain viable, physicians must transform their practice to utilize new payment systems to their advantage.
Payment for value means that physicians will be rewarded for quality of care, superior technology and clear communication. Physicians will also have to be prepared to see more patients while being compensated less per patient.
Physicians who wish to succeed under the 2015 ACA should follow these guidelines:
1.Practice with New-Fangled Payment Systems
2. Utilize Technology
3. Hire Mid-Level Professionals
4. Consolidate
5. Address Patient Financial Responsibility
6. Be Prepared for Out-of-Network Claims
7. Understand Grace Periods
8. Refer Only to In-Plan Physicians
9. Reporting
10. Establish An Effective Financial Strategy”
To read my fully published article in the Inland Empire Business Journal, Click Here: TLD – Inland Empire Business Journal 12-2014