An annual survey conducted by CareCloud and QuantiaMD found 39 percent of physicians have a negative view of their practice profitability in 2014, according to an EHR Intelligence report. Here are seven statistics on the top issues physicians believe are negatively impacting practice profitability.
• Declining reimbursement: 60 percent
• Rising costs: 50 percent
• Affordable Care Act: 49 percent
• Transition to ICD-10: 43 percent
• EHR adoption/Meaningful Use: 35 percent
• Staff efficiency: 24 percent
• Recent HIPAA changes: 18 percent
• Other: 1 percent
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• Declining reimbursement: 60 percent
• Rising costs: 50 percent
• Affordable Care Act: 49 percent
• Transition to ICD-10: 43 percent
• EHR adoption/Meaningful Use: 35 percent
• Staff efficiency: 24 percent
• Recent HIPAA changes: 18 percent
• Other: 1 percent
More Articles on Coding and Billing:
CMS Cancels July ICD-10 Testing
Top 5 Physician Specialties With Unexpected Denials
4 Statistics on Medical Coder Level of Education