RevCycle Intelligence November 15, 2023
Practice leaders overwhelmingly agree reducing prior auths and other regulatory burdens would allow resource reallocation, MGMA says.
Regulatory burdens in healthcare, such as prior authorizations, surprise billing requirements, and audits and appeals, are taking resources away from patient care as practices face more oversight.
MGMA’s latest “Annual Regulatory Burden Survey” polled executives from over 350 group practices, including independent practices. This year’s survey reaffirmed the burden policy and regulation in healthcare have on group practices.
Approximately 90 percent of respondents said the overall regulatory burden on their medical practice has increased over the past 12 months. Meanwhile, less than 1 percent said overall regulatory burden decreased and about 9 percent said it has not changed.
The regulatory requirement burdening practices...
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