Revenue Cycle Expert, Global Delivery, Revenue Optimization, Purpose Driven Leader, Community Volunteer. Author of The Revenue Cycle Run, a blog dedicated to the profession of revenue cycle leaders
Sheer madness, indeed. Broken, outdated and unsustainable are other words that come to mind. In a payment system that: • Values fee for service over connection to quality and outcomes. See more patients, do more with less and create the provider burn out inferno we now see. • Extends no inflationary update in reimbursement. Every year, providers take a pay cut due to inflation alone. From 2002 to 2023, providers are operating at 26% below its accompanying inflation rate. • Requires budget neutrality. Every year there are winners and losers and everyone get a turn on both sides but nobody ever comes out ahead. • Creates uneven payment advantages through an outdated RVU system. All healthcare is not created equal in the eyes of the RVU system. It’s no wonder why every year the great MPFS debate starts in the summer and everyone holds their breath for the Final Rule each November. Real change starts at the foundation, through alternative payment models and outdated provisions and legislation being lifted and revised to confront the reality of CMS spending. #medicare #healthcarefinance #hfma
