The Times They Are A-Changing
If healthcare’s fee-for-service model, where physicians are paid for each and every instance of care that they provide patients, was a patient, it would be in hospice. Its final days will be painful and scary for many in our industry, not only because its time is drawing to a close, but also because a new, unfamiliar model, value-based care, is rapidly maturing to take its place.
I had the opportunity to sit down with Neil Bedi, Managing Partner, Subsero Health, to discuss the vast and significant reimbursement changes physicians face in the very near future. Below is an excerpt of our conversation where he describes:
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the Medicare Sustainable Growth Rate (SGR) cuts and their impacts upon physician fee schedules;
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the critical need for physicians to manage the quality and cost of care as our industry transitions to value-based care; and
- the quickly approaching deadlines physicians face relative to losing most of their Medicare reimbursements should they not evolve within this new healthcare environment.
Tags: Medicare, SGR, Sustainable Growth Rate, value-based care
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