BC Advantage - 2020 Issue 5

How Poor Payer Reimbursements are Affecting Practices During the COVID-19 Pandemic

Most physicians who have been practicing for a few decades remember the days when private payer reimbursements dwarfed Medicare reimbursements. That dynamic has long since flipped, starting with the 2008 recession. Reimbursements have been flat or have lost value from inflation, while practice costs have seen double-digit increases. Meanwhile, hospitals and insurance-owned health networks have seen reimbursements increase to 300% or more of Medicare in some cases. Many practices have seen their volumes decrease from 30% to up to 90%, and a significant number are closing their doors for now. Here are three examples of how the COVID-19...

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