Physicians Face Financial Challenges in 2016
Some analysts believe 2016 will be a hard year for physicians and cash flow. Because of the many changes to Medicare and the Affordable Care Act, many patients may not be able to afford the care they want. Instead, they’ll opt for lower cost care—or worse, no care at all.
Because of this change in demand, there’s also some fear of job security for physicians, as well. If practices are losing money, cuts will come, and at some point, the physicians may be the ones getting cut.
Factor in retirement issues and tax implications, and things look less sunny for physicians and their hospitals.
With all of these changes coming, two things are key for all hospitals: patient satisfaction, and efficiently closing the revenue cycle. Contact HCM today to find out how we can help your practice.
Read more about financial hardships for physicians in this article.