Medical Economics December 20, 2024
Key Takeaways
- Rising costs and declining reimbursements threaten independent practices, with Medicare compensation decreasing by 29% over two decades.
- Concierge medicine offers economic freedom and sustainability, providing a reliable revenue base and reducing physician burnout.
- AI advancements may streamline administrative tasks, but cautious adoption is necessary to preserve physician-patient relationships.
- Value-based care has not fulfilled its promises, with concierge medicine delivering true value and quality by benefiting all healthcare stakeholders.
The new year will be challenging for both independent and employed physicians. But chaotic times can bring enormous opportunity.
In health care change is inevitable, but for independent and employed physicians already facing financial headwinds that threaten to topple their medical practices, and the uncertain direction of a...
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