Patient portal adoption rates hit more than 90% last year, MGMA data show, but there are still ongoing challenges to patient data access, according to the 2018 ONC Annual Report to Congress. "Patients should be able to easily and securely access their medical data through their smartphones. Currently, patients electronically access their health information through patient portals that prevent them from easily pulling from multiple sources or health care providers," the report says.
Physicians do not have enough advanced alternative payment models or enough opportunities to participate in them, MGMA says. The Physician-Focused Payment Model Technical Advisory Committee says models should be designed to reduce avoidable events and mortality, decrease expenditures and increase choice and access; however, the Department of Health and Human Services has been slow to approve new models.
8 Ways to Simplify Patient Billing and Payment Collection
While delivering quality care is always the top priority, efficient revenue cycle management is critical to making sure your door stays open. Medical practices can streamline RCM processes with effective changes to workflow and smart introductions of technology. Keep these methods in mind to simplify patient billing and payment collection — and ultimately increase your bottom line. Read the Article
An independent commission created by the American Board of Medical Specialties released a draft report that details problems with the maintenance of certification process for physicians and makes recommendations for improvement. The recommendations, which are not binding on the ABMS' 24 specialty boards, could be presented to the ABMS board in February.
Improving how patients' EHRs are matched could help enhance the quality of healthcare and reduce costs, according to a report released by the Government Accountability Office. The ONC and the private sector could help achieve that goal by implementing a standardized patient data system and using biometrics to improve matching of EMRs, respectively, writes Ben Moscovitch, project director of the Pew Charitable Trusts' health information technology initiative.
About one-third of healthcare organizations use one of three proprietary data-sharing approaches to health information exchange: data exchange between physicians who "use the same EHR," those who "use an EHR that participates in an EHR vendor alliance" and physicians who "are part of the same integrated system." Smaller facilities using less-popular IT systems are at a disadvantage, according to a study in the American Journal of Managed Care.
Two fellowships in Arizona help prepare physicians to treat addiction. Family physician Luke Peterson, who has completed specialized training in addiction and who helped create one of the fellowships, said his goal is to blend addiction medicine into primary care, and although not all doctors need a fellowship to treat substance-use disorder, fellowships do provide a resource for those who want to treat addiction.
DuPage Medical Group transitioned from a fee-for-service model to a value-based care model seven years ago. The subsidiary that evolved from that experience, Boncura Health Solutions, now partners with healthcare providers moving to value-based care. Learn their strategy in this exclusive video.
A report in the Annals of Internal Medicine showed private equity firms purchased 102 physician practices in 2017 and generally take a 60% to 80% ownership stake. The deals include between $1 million and $2 million in payments per physician, with doctors receiving market-rate salaries going forward but losing all or most additional revenues.
The Center for Medicare and Medicaid Innovation may be developing new advanced payment models and other voluntary initiatives to accelerate the transition from fee-for-service to risk-based and value-based reimbursement, industry observers say. HHS Secretary Alex Azar has indicated a desire for more episode-based models, primary care payment models and models that address social determinants of health.
2019 MGMA Surveys are now open! Access the Compensation and Production Survey now to contribute to industry-standard benchmarks. As an added bonus, you get complimentary, single-user access to MGMA DataDive when the report launches later this year!
MGMA insights: How to solve the financial issues that medical practices face today
For more than a decade, MGMA has hosted the Financial Conference. It's a chance for practice leaders to get together to solve the financial issues their practices are facing. In this episode of the Industry Insights podcast, we focus on those most pressing financial issues of medical practices and learn strategies on how to address and solve those problems. Visit MGMA online for more.
Physician practice losses: The impact of converting practice ancillaries to hospital outpatient department status
Many physician specialties routinely use ancillary or technical component services as part of patient care. Ancillary services may be used for diagnostic purposes or as part of treatments or therapies. In this latest installment of Tim Smith's series on physician practice losses, he discusses how moving practice ancillaries into hospital outpatient departments is another contributor to health system practice losses. Visit MGMA online for more.
The love of one's country is a splendid thing. But why should love stop at the border? There is a brotherhood among all men. This must be recognised if life is to remain. We must learn the love of man.
The Medical Group Management Association, MGMA, connects healthcare leaders with the community, resources, data insights and government advocacy they need to streamline operations and provide better outcomes for patients. By bringing together proven best practices and the expert insights to apply them, MGMA and its over 40,000 members are transforming healthcare.