In June, MGMA-ACMPE released the results of a questionnaire that ranked members' most pressing practice management challenges. In this edition of "Practice Makes Perfect," we'll tackle No. 2 on that list: Preparing for reimbursement models that place a greater share of financial risk on the practice.
To be successful in this environment, medical practice executives need to continually monitor the marketplace and prepare for the future. This includes understanding and monitoring new and evolving payment models. Practices and payers are exploring new payment models that place an increased financial risk on the organization. As practices evaluate their options, it's important to remember that there are a variety of payment models available and it's possible to be successful, to better serve your patients and to meet your financial thresholds.