Managed Care Contract Negotiations, Medical Practice Management
Nov 15

How-to Manual on Emerging Physician Payment Models

The American Medical Association (AMA) has released a new how-to manual to help physicians evaluate, negotiate, and manage budget-based payment systems that are becoming alternatives to the predominant fee-for-service model for reimbursing physicians. Typical budget-based payment systems include payment bundling, pay-for-performance, withholds and risk pools, capitation and shared savings.
 
Evaluating and Negotiating Emerging Payment Options comprehensively analyzes budget-based payment systems and provides essential information and practical tools that can help physicians:

– Understand the differences between fee-for-service and the budget-based payment systems;

– Master concepts associated with budget-based systems, including actuarial soundness, risk adjustment and risk mitigation;

– Estimate, monitor and manage the financial risks and rewards of a budget-based payment system.

http://www.ama-assn.org/ama/pub/physician-resources/practice-management-center/claims-revenue-cycle/managed-care-contracting/evaluating-payment-options.page?WT.mc_id=ENEPOPR201202&WT.mc_ev=Click

About Reed Tinsley, CPA

As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read more →