Practice Management Digest – October 10, 2022

October 10, 2022

Practice Management Digest: News for October 2022.

Patients and practices face dire consequences of projected Medicare payment cuts
MGMA STAT – August 31, 2022

During the COVID-19 pandemic, the financial resiliency of practices was tested. The pandemic challenged medical practices’ financial models with significant changes in patient volumes, shifts in costs for COVID-19-related care and inflation, not to mention other difficulties, such as staffing shortages. Looking ahead to 2023, several policy changes related to Medicare payment are slated to take effect.

To read more, go to MGMA.

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Burnout-driven physician resignations and early retirements rising amid staffing challenges
MGMA STAT – August 24, 2022

Physician burnout — the long-term, cumulative stress and depersonalization that doctors experience amid growing burdens in the practice of medicine — continues to pose a major threat to a healthcare industry that remains in dire need of clinical leaders.

To read more, go to MGMA

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How State Surprise Billing Protections Increased ED Visits, 2007-2018: Potential Implications for the No Surprises Act
The American Journal of Managed Care – September 2022, Volume 28, Issue 9

Takeaway Points

• The No Surprises Act of 2022 prevents patients from receiving surprise emergency department (ED) physician bills from in-network hospitals.
• Self-insured plans did not respond to state bans on balance billing, highlighting the potential benefit of the federal ban.
• However, we show that the act will also have an unanticipated inflationary effect on quantity: The drop in ED out-of-pocket payments under similar bans in 15 states increased ED visits to such an extent that there were no net cost savings.
• Managed care plans must prepare to coordinate care to better manage this increase in lower-severity ED visits.

To read more, go to AJMC
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Focus On Substance Rather Than Your Leadership Style
HFMA September 13, 2022

I’m sure you’ve heard people talk about leadership styles. You may even have been asked about yours. Perhaps it was while applying for a job. Or maybe a potential employee inquired about it during a job interview with you.
Did you have a short, snappy answer? I hope not. Leadership isn’t simple. I really believe we sell its complexity short if we label our approach with one word or phrase.

To read more, go to HFMA.

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