tci Medicare Compliance & Reimbursement - 2007 Issue 33

REIMBURSEMENT: Tough Times Hit Many Specialty Practices--Is Yours Next?

One practice resorts to borrowing to meet its payrollThink your practice is on an even keel this year? Don't wait until it's too late to learn the truth.Watch out: If your practice isn't benchmarking this year's financial numbers against last year's, you could be in for a nasty shock. Some specialty practices have compared their income for the first six months of 2007 with the same period in 2006--and gotten a surprise.Practices say they've seen a sharp drop this year. "Reimbursement is down all over," says one coder with a cardiology practice in New York state...

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