Most physicians surveyed said the move toward value-based payment is ineffective and has increased regulatory burdens, according to the 2018 MGMA Regulatory Burden Survey.
MGMA surveyed 426 individuals from group practices with the largest representation in independent medical practices and in groups with six to 20 physicians. The organization plans to use the findings in its efforts to lobby government leaders to decrease regulatory burdens on medical group practices.
Here are five findings:
1. Fifty-seven percent of physicians have a negative opinion on the move to value-based payments. Seventy-six percent say it has not improved the quality of care for patients, and 90 percent say it increased regulatory burden.
2. Seventy-nine percent of physicians said the transition to value-based payments has not been successful.
3. Eighty-six percent of physicians say the regulatory burden on their medical practice has increased over the past year.
4. Ninety-four percent agree a reduction in regulatory burden would allow them to devote more resources to patient care, and 78 percent agree it would enable them to invest in new technology.
5. Respondents said the Medicare quality payment program, prior authorization, lack of EHR interoperability, government EHR requirements and audits and appeals are their five most burdensome regulatory issues.