In June 2014, the Medical Group Management Association 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. 3 on that list: Preparing for reimbursement models that place a greater share of financial risks on the practice.
Alternative payment models come in different forms, such as bundled payments or accountable care organizations. Practices and other organizations preparing for reimbursement models that take on a greater share of financial risk should consider their patient population and their ability to take on risk, and experiment with their current payer mix.