Impact of Reimbursement Changes on Physician Compensation

Since March of 2010, the healthcare industry has been trying to adjust to all the mandates in Affordable Care Act, one being Value Based Purchasing.  As reimbursement for healthcare services rapidly transitions from fee-for-service to value-based, risk sharing contracts, the manner in which physicians are compensated will need to adjust as well.  There must be alignment between financial incentives and new markets requirements, with a focus on preserving quality outcomes and patient experience.  According to the Centers of Medicare and Medicaid services, the intent of the changes is to leverage technology and improve population health, advance patient engagement, and reduce the cost of care. Though productivity remains an important factor, healthcare organizations lacking alignment with the value-based, risk sharing reimbursement models, run the risk of facing  penalties and compliance issues.

 

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By |2018-05-15T16:23:01+00:00May 15th, 2018|Governments, Healthcare|Comments Off on Impact of Reimbursement Changes on Physician Compensation