MGMA Week in Review: Addressing Medicare Cuts, Boosting Employee Morale, and Enhancing Patient Experience
Download MP3Welcome to another episode of the MGMA Week in Review Podcast with hosts Daniel Williams, Senior Editor at MGMA, and Colleen Luckett, Editor and Writer at MGMA. In today's episode, we tackle some pressing issues facing medical practice leaders. We delve into the recent Medicare physician cuts, explore strategies to boost employee morale through modern benefits enrollment, discuss the rising costs of drug supplies and IT expenses, and highlight key findings from Press Ganey's patient experience report. We'll also touch on the concept of administrative harm and its impact on healthcare. Let's dive into these critical topics and uncover solutions that can help you navigate these challenges effectively.
Major Takeaways:
- Medicare Physician Cuts:
- CMS has proposed a 2.8% decrease in Medicare physician fees for 2025, sparking concern among physician groups. Anders Gillberg, Senior VP of Government Affairs at MGMA, criticizes the proposal as "critically short-sighted."
- The American College of Rheumatology highlights a 29% decline in Medicare physician payments from 2001 to 2024.
- CMS defends the proposal, citing provisions for telehealth flexibilities, improved primary and behavioral healthcare, and enhanced caregiver training services.
- Boosting Employee Morale through Modern Benefits Enrollment:
- Todd Shyrock's article in Medical Economics emphasizes the importance of modernizing benefits enrollment to improve employee morale and reduce turnover rates.
- Digital solutions like self-service portals and comprehensive communication strategies are key to a successful enrollment process.
- "A happy, well-informed staff is more productive and more likely to stay with your practice long-term," concludes Shyrock.
- Rising Costs of Drug Supplies and IT Expenses:
- MGMA's July 9 poll reveals significant increases in non-labor expenses, with drug supplies up 41% and IT expenses up 26%.
- Practices face challenges with drug shortages and rising costs, investing heavily in cybersecurity and EHR licensing.
- Internal training programs and hiring alternative staff to cover MA positions are strategies being used to address these challenges.
- Enhancing Patient Experience (PX) Report:
- Press Ganey's "Patient Experience in 2024" report shows significant improvements in PX scores, especially in ambulatory surgery and medical practices.
- Disparities persist among younger patients and underrepresented populations, highlighting the need for equitable care.
- Clear, consistent communication is vital for building patient trust and loyalty, leading to better outcomes and stronger patient-provider relationships.
- Administrative Harm:
- The term "administrative harm" refers to the negative consequences of administrative decisions on patient care and clinician well-being.
- Dr. Marisa Burdon's study in JAMA Internal Medicine highlights the lack of accountability for administrators and the impact on clinician burnout and job dissatisfaction.
- Strategies like administrative timeouts and inclusive decision-making can help mitigate these harmful decisions and improve patient care outcomes.
Resources and Links:
- Medicare Physician Cuts Article - MedPage Today
- Boosting Benefits and Morale Article - Medical Economics
- Press Ganey Patient Experience Report
- Administrative Harm Study - JAMA Internal Medicine
Thank you for joining us on this episode of the MGMA Week in Review Podcast. Be sure to check out the provided links for more in-depth information on these critical topics. We appreciate your support and look forward to bringing you more valuable insights in our next episode.
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Are your patients concerned about out-of-pocket costs? Is your practice looking for a way to help address those concerns and improve the patient experience? Then, you may want to consider offering the CareCredit credit card as a payment option. For over thirty-five years, CareCredit, a Synchrony solution, has been offering patients a way to pay for health and wellness expenses not covered by insurance. CareCredit can seamlessly integrate with your business and offer a valuable financing option for your patients so they can pay for services or products over time to help fit their budget. To learn more about how CareCredit works for you and your patients, visit www.carecredit.com/mgmapodcast.
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