The recent Medicare care cut to physician reimbursements is just another hurdle medical practices have to overcome this year. The American Medical Association is fighting to have these cuts canceled, and you can read more about their efforts and join the fight by visiting www.fixmedicarenow.org.
But let's face it, no matter what happens in 2024, the pressure is on. This cut is on top of the 2023 cuts, and no doubt there will be further cuts and increases in practice expenses down the line. Physicians need to take steps to buffer their practice from declining revenues before it's too late.
A simple, straight forward way to get started is to explore a Hybrid Choice™ concierge medicine program by Concierge Choice Physicians. This style of membership medicine allows a physician to continue to serve all patients, maintain their business structure and style along with payer and referral relationships, and simply add a limited membership program as an option for patients to join. Even a small program with just 50 members adds up to substantial revenue, far outweighing any cuts that Medicare has proposed.
The important thing is that you take some action. Add your name to the fight with the AMA, and watch our webinar: www.ccpmd.com/economics where we discuss in detail the economic impact our programs have on a typical practice's revenue. You can also poke around our Physician Resource Room for up-to-date industry information.