RevCycle Intelligence October 23, 2023
Rural physicians were deterred by the financial resources, staffing, and health information technology required to participate in an Advanced APM.
Reducing barriers to Advanced Alternative Payment Model (APM) participation for physicians in rural areas could help promote value-based care and control rising Medicare spending, according to research from the US Government Accountability Office (GAO).
Both Medicare enrollment and spending are expected to increase in the coming years, highlighting the urgency to control expenditures within the program. Medicare payments to physicians account for around 18 percent of spending. In 2021, Medicare payments to 1.3 million physicians and other providers totaled $93 billion.
Incentivizing high-quality, efficient care not only improves patient experiences but can also help reduce Medicare spending.
GAO conducted reports...
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