Today’s physicians are required to focus on value over volume. That is why the new value-based purchasing (VBP) reimbursement model requires the development of networks, where teams of healthcare providers must provide better outcomes at lower costs. Because all providers in the network share the risk of losing reimbursement if VBP measures aren’t met, referral relationships have become more important than ever. Read More >
According to a 2015 study, the healthcare analytics market is expected to top $18 billion in 2020, more than a 200 percent increase over 2015. Primary reasons for this massive growth include increased pressure to rein in healthcare costs while providing quality care, along with the increasing availability of big data in healthcare and a growing awareness of the benefits of using analytics. Read More >
Does it feel like the sands keep shifting beneath your feet? If you're trying to keep up with recent changes in healthcare reimbursements, you've probably had that feeling. And you're not alone. Read More >
A 2013 report from ECG Management Consultants estimated an average annual physician cost of $339,000 per FTE. And that doesn't include general operating costs and other staff salaries and benefits that can bring the aggregate cost per physician FTE into the range of $530,000 to $964,000.
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While physician networks have been around since the beginning of organized medical practice, ongoing changes in payment models have caused them to evolve. And as healthcare moves from a volume or activity-based payment model to a value or outcomes-based model, doctors are the key to success.Read More >