Wednesday, February 1, 2017
Check, double check, triple check the data. There will be a host of governmental administrators waiting to disqualify your practice based on technicality. Dot all the i's, cross all the t's. Remember that somewhere out there is a person whose sole purpose is to find error in your work and punish you. Their bonus depends on it.
Above all, don't forget that it is your patients that are most important. All these extra hours and dollars won't make a spit of difference in their well being. So you may want to squirrel away more personal time to do what you used to do all day long, before you agreed to these fanciful rules and regulations
Best of luck,
If you are planning to join an ACO or Medical Home, consider hiring more staff to manage the extra burden. What with the health coaches and life experts, it is guaranteed your payroll will swell. When not conducting team huddles and combing the data for trendspotting, you, of course, will get back to the business of helping patients with those burdensome medical problems. You might feel the urge to expand to cover increased costs, but in reality you will be pushed to have smaller panels and see people less often. Why have a billable visit to a physician when the government can get off cheap by using a coach instead? They should be able to handle heart failure, right?
The bonus payments will cover the shortfall. At least fifty percent. The first year. Until the requirements get harder,
But it's all for the greater good.
So you'll work it out somehow.
If your goal is to sell your practice to a big medical group, congratulations. Don't expect to receive more than pennies on the dollar. The days of getting a fair market value are long gone. There are federal regulations, you know? You wouldn't want to be accused of inducement. I'm sure the transition will be flawless and your salary guaranteed. For a time.
You might get to keep that favorite nurse or secretary. Much everything else will change though. Your medical record, your hours, your payer mix. You will work more, for less pay, and lose much control over your day to day activities. At some point you may realize that all that money you are making for the practice is now going to some administrator or another. Definitely not to you.
At least someone else will have to worry about all those details you loathed so much. You are paying them to.
If you are working towards completing your maintenance of certification activities for the ABIM...
Wait. Wait. Does this all sound fairly miserable to you? It does to me. So do something!
I'm not talking about filling out a silly form and sending it to the government (although that sometimes works too).
Remove yourself from the abuse. Extirpate your income from Medicare and insurance companies. It's more possible than you think. There are at least a hundred different ways to do this.
I'm doing five of them right now.
Are you going to role over and play dead?
Or are you going to do something?
Posted by Jordan Grumet at 12:22 PM