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