The unveiling of a new alternative primary care payment plan by the Centers for Medicare & Medicaid Services (CMS) comes with several considerations—financial and otherwise—for practices considering participation in the five-year program.
As medical groups continue to struggle in today’s complex and changing healthcare business environment, there is a rise in the number of these groups submitting bankruptcy filings across the country. These bankruptcies are not the result of malpractice suits in favor of the plaintiffs and have little to do with medicine or the business of healthcare.
The disparity in pay between blacks and whites has been well documented over the years, with sociologists imputing everything from systemic discrimination to differences in education and employment expectations for the inequality in paychecks.
While the Centers for Medicare and Medicaid Services (CMS) estimates that nearly $29 billion of improper payments were made in 2015, according to spokespersons for the Office of the Inspector General (OIG) and CMS, the full extent of EHR fraud remains elusive.
With all the pressures facing independent practices—from adjusting to value-based payments to meeting the growing demands of patients—business innovators may provide some key practice management lessons.