Key Trends Facing Private Practice Physicians in the New Year Identified

Physicians in private practice have their non-clinical work cut out for them in the year ahead. Results of the ACA changes, the launch of the federal and state health insurance market places, demanding paperwork burdens, and coming changes in coding requirements and health IT are all issues facing the physicians in 2014.

Among the key trends that seen to be bearing down on practicing physicians are:

 –  Rapidly increasing medical consolidation seen across health care systems and insurance companies alike.

–   The difficulty physicians experience while trying to negotiate favorable terms with payers because  the total number of health insurers has been decreasing for some time as a result of industry consolidation.

–   Physicians are continuing to struggle with a growing regulatory paper work burden.

In addition the recent launch of the health insurance exchanges is already driving high levels of confusion among patients, physicians and employers.

Coping with minimal education and support on the new health insurance exchanges from the government, many private practice physicians are unsure of how these new insurance policies will affect their practices. Continue reading

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Physician Turnover Increases; Competition, Pace of Turnover and Retirements Expected to Increasee

Medical groups reported an average turnover rate of 6.8 percent in 2012, according to the 8th annual Physician Retention Survey.

Likewise, there was turnover of 11.5 percent among advanced practice clinicians (APCs), which includes physician assistants and nurse practitioners, found the survey by Cejka Search and the American Medical Group Association (AMGA). Continue reading

Physician Organization Leadership Frustrated With Shrinking and Changing Payer Reimbursement, Increasing Administrative Work Load

“Reimbursement that does not even cover costs”

Shortages of primary care physicians: fewer primary care physicians in the face of more patients means those in practice will have to shoulder more responsibilities, is a key challenge cited by a vice president of a physician practice management company.

Along with that issue physicians “juggling increased administrative burdens with maintaining patient quality of care,” the VP observed.

The concerns of executives and administrators of physician organizations emerge from the results of the Continue reading

Physicians Need To Adapt and Develop A Vision For the Future, IPA-PHO Survey Finds

The resurgence of hospitals buying physician practices, the shortage of primary care physicians, contract and reimbursement models, market consolidation and the pressure to transform primary care practices are among the key issues the leadership of the nation’s physician organizations – PHOs and IPAs are keenly concerned about.

The issues emerged from the results of the IPA -PHO Physician Organization Leadership Survey 2012 by the Managed Care Information Center (MCIC.) Continue reading

A Glance Back: Boom Times For Growth of New IPAs Began to Slow Dramatically in 1999

Despite today’s somewhat ‘rosy’ outlook for physician organizations, the IPA equivalent of the Dot Com bust occurred in 2002 when only two new IPAs were formed, found Managed Care Information Center Research.

The peak year for IPA growth was 1994 when 174 new physician organizations formed, according to data for the National Directory of Physician Organizations Database. The year 1995 was close with 138 new IPAs formed, our analysts found.
Source: The National Directory of Physician Organizations Database. http://healthresourcesonline.healthrespubs.com/managed_care/23poe.htm