Physicians Gearing Up for Challenges in 2018 - PowerPoint PPT Presentation
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Physicians Gearing Up for Challenges in 2018
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What is the number one priority for physicians? The answer is- delivery of quality patient care. But do all physicians get paid for rendered services? Are they equipped to support quality of care with sound financial management? Unfortunately, physicians in all specialties across the US are struggling with some common challenges that are impacting the bottom line of their practice. – PowerPoint PPT presentation
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Title: Physicians Gearing Up for Challenges in 2018
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Physicians Gearing Up for Challenges in 2018
- 24/7 Medical Billing Services
- Info_at_247medicalbillingservices.com
- Phone 1 888-502-0537
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What is the number one priority for physicians?
The answer is- delivery of quality patient care.
But do all physicians get paid for rendered
services? Are they equipped to support quality of
care with sound financial management?
Unfortunately, physicians in all specialties
across the US are struggling with some common
challenges that are impacting the bottom line of
their practice.
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(No Transcript)
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- From challenges related to regulatory compliance
and data analytics to the complexities of
value-based care and patient engagement, there
are various factors that will continue to haunt
physicians in 2018. - Many healthcare practices will continue
struggling with the implementation of value-based
care models this year. They will be under
pressure for figuring out how to implement the
new models while operating under the existing fee
structures. Value-based care will be a challenge
because it requires significant investment of
time and money. It also demands relevant data and
insights along with a different workflow and
infrastructure.
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- Physicians will have to comply with several
uncertain and shifting government requirements
and mandates this year. It will become necessary
for them to navigate through the shifting
landscape of health policies while also paying
attention to the federal and state-level
government mandates. To comply with the changes,
they will be required to strengthen compliance
programs and also ensure that their advocacy
efforts at the state level are on point. - Another challenge that physicians will have to
face in 2018 is related to the leveraging of big
data for improvement of care quality. There are
many practices that continue to grapple with the
task of finding meaning in big data. They are
under the pressure to boost the use
of EHR (Electronic Health Records) and also to
identify ways for using extracted data for
enhancing quality of care.
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- Practices will have to invest time in addressing
issues related to shortage of skilled staff,
turnover and physician burnout in 2018. It is
being predicted that there will be a shortage of
40,000 to 109,000 physicians by 2030. Since
surveys show a significant number of physicians
experiencing feelings of burnout, it will become
quite difficult for practices to find skilled
healthcare professionals. - Considering the growing focus on improving
patient experience, physicians will be required
to work hard on bettering patient engagement and
satisfaction levels. They will have to make sure
patients are happy in order to ensure better
health outcomes and consistent cash flow.
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Contact Us
- 24/7 Medical Billing Services
- 16192 Coastal Hwy,Lewes,de 19958,USA
- 2028 E Ben White Blvd 240-1030, Austin, Tx
78741, USA - Phone 1 888-502-0537
- Fax 1 888-635-9013
- info_at_247medicalbillingservices.com
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