Fierce Health Technology December 21, 2020
The COVID-19 pandemic has created a seismic shift in the healthcare industry. Primary care practices are projected to lose an estimated $65,000 in revenue per full-time physician this year and an estimated 8% of practices have closed under the pandemic’s weight.
Those struggles are likely to continue well into next year. With virus concerns and logistical issues forcing many people to delay or avoid medical care, providers have not been able to conduct the visits that are needed to ensure accurate Medicare Advantage risk adjustment payments.
As a result, risk adjustment payments may fall by 7% or more in 2021 compared to 2020. That will make it difficult or impossible for healthcare providers to recoup this year’s losses. And with...
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