The sustainable growth-rate formula calls for slashing physician Medicare payments by more than 30% on Jan. 1, 2013, and uncertainty over whether that cut will take effect is the No. 1 concern of medical practice managers, according to the MGMA-ACMPE's fifth annual survey on the challenges of running a group practice.
The MGMA-ACMPE, formerly the Medical Group Management Association, invited its members via e-mail to participate in an online survey ranking 54 daily challenges on a five-point scale. The 1,252 respondents identified "managing finances with the uncertainty of Medicare reimbursement rates" as their most intense daily professional challenge.
"The threat of a significant cut in Medicare reimbursement continues to plague physician practices and severely hinders their ability to properly plan and assess their financial situations," Dr. Susan Turney, president and CEO of the MGMA-ACMPE, said in an news release. "The increased regulatory burden brought on by unfunded federal mandates only exacerbates this uncertainly caused by the flawed Medicare sustainable growth-rate physician payment formula."