As we near the end of 2022, we head into a somewhat changing healthcare climate. There have been significant changes in Medicare, with premium and deductible increases. Last year physicians faced Medicare payment cuts totaling 9.75%, which is scheduled to take into effect on January 1, 2023. With these changes mounting more difficulties for medical doctors around the country, the future is not looking any better. There has never been a better time for doctors to expand their practice to not only survive, but thrive despite the outlook.
In an article on ama-assn.org, it is stated that ‘physicians are facing a “portfolio of cuts” totaling 4.5%…but that’s just the beginning. Coupled with 9% inflation, physicians’ Medicare payment update for 2023 is 0%. Also, a 5% bonus for successfully participating in an alternative payment model is expiring and a $500 million bonus pool for Merit-based Incentive Payment System high performers is “going away,” Jason Marino, the AMA’s director of congressional affairs, said in a webinar.’
Optimize Your Practice With Us
Although efforts are being made across the board to allow for better conditions for working medical doctors around the country, this can ultimately lead to a very difficult time for doctors already struggling to keep their practices above water. Although it can be problematic, there are options to help. We are committed to helping you enhance your practice and providing you with the resources you need to succeed. We look forward to helping you provide the best possible care for your patients. If you’re ready to take your practice to the next level, contact us today to learn more about training opportunities.
We specialize in assisting doctors in reaching their full potential to grow their practice. For more information, click here. Request an information pack to learn more of how David Singer Enterprises can help your practice.