In the 2011 Healthleaders Media Industry Survey, the following question was asked of physicians:
HOW WILL YOU RESPOND TO LOW MEDICARE/MEDICAID REIMBURSEMENTS?
The following were their responses:
35% Seek employed position with hospital or health system;
28% Quit taking new Medicaid patients;
27% Quit taking new Medicare patients;
24% Seek shelter from a health system or large group medical practice;
12% Quit practicing medicine or retire.
Just proves my point – if you are going to sit there and be reactive, you are guaranteed to lose net income; YOU MUST be proactive with your physician practice in this ever changing healthcare marketplace. Strategize and plan your future!!