decisionhealth Newsletters, Coder Pink Sheets - 2006 Issue 9 (September)
Survival strategies for dealing with the proposed pay cut
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Article Overview
This article is aimed at medical practice leaders and administrators who want to understand practical ways to respond to a proposed Medicare fee reduction. It covers general business and staffing considerations, overhead reduction, vendor cost negotiation, and other broad operational strategies that practices may evaluate when planning for potential financial pressure.
Why This Topic Matters
It helps practices assess non-clinical operational changes that may affect financial stability if reimbursement decreases.
What You Will Learn
- How practices may think about adjusting overhead in response to payment pressure
- Why some staffing and operational areas are treated differently from other expenses
- What kinds of business-oriented planning may be considered during reimbursement uncertainty
- How practices may evaluate revenue-impacting operational opportunities
Who Should Read This
- Physician practice owners
- Practice administrators
- Medical office managers
- Healthcare business managers
- Coding and reimbursement professionals
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