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To Deal with Uncertainty, Physicians Should Look Ahead, Find Efficiencies and Build Relationships

Commentary on Medical Economics article by Keith L. Martin

With the administration of President Donald Trump and the unclear future of Medicare and Obamacare, physicians are faced with even more uncertainty than before, Medical Economics writes. But they’re dealing with it in various ways, according to the publication.

Keeping Cool, Staying Ahead

Palliative care internist Amy Davis in Bryn Mawr, Pennsylvania, for example, finds herself having to play counselor to her patients as well as to her staff, Medical Economics writes. Davis tells her staff that they’ll be getting paid before she does if necessary. And the key for her is to keep a “steady temperament,” according to the publication.

Meanwhile, Mark Werner, national director of clinical consulting for healthcare consulting firm The Chartis Group, suggests that practices stay ahead of developments, Medical Economics writes. There’s opportunity in uncertainty, and those who take bold actions now stand to be rewarded down the road, he tells the publication.

Some physicians are doing just that. OB/GYN Fred Nichols, for example, is adding extra services to her practice, such as facial rejuvenation, as a “cushion” for the uncertainty, Medical Economics writes.

Werner says that practices should also look at how they can cut the bottom line and reduce expenses, according to the publication. He also suggests that physicians look at their efficiency and ensure, for example, that they’re in the top numbers for clinical outcomes, Medical Economics writes.

Werner also recommends that physicians are proactive about the Medicare Access & CHIP Reauthorization Act, because there’s bipartisan support for it already, according to the publication. And both for MACRA and for other performance management considerations, he suggests that practices don’t skimp on investments in technology, Medical Economics writes.

Finally, Werner says that physicians should look to build or strengthen relationships with other fellow practitioners with a view to enhancing their ability to deliver value-based care, according to the publication.

Source: Medical Economics

Posted by: The Wealthy Doctor

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To Deal with Uncertainty, Physicians Should Look Ahead, Find Efficiencies and Build Relationships - overview

Summary: With the administration of President Donald Trump and the unclear future of Medicare and Obamacare, physicians are faced with even more uncertainty than before, Medical Economics writes. But they’re dealing with it in various ways, according to the publication.

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