Practices measure risks and rewards in testing new products
Physician Practice Insider, April 19, 2016
For some practices, testing new products is born out of necessity, while others are motivated by trends like new payment models that provide rewards for meeting patient care goals.
There are other payoffs for practices willing to test new ideas and products: Sometimes the benefit is knowing that you've blazed a trail for others to follow. That goes for things like telemedicine as well as new models of care, such as the patient-centered medical home.
"For many years, there was no incentive for practices to test the patient-centered medical home model, but many practices that were already successful under the old model did it anyway," says Todd Evenson, chief operating officer for the Medical Group Management Association. "And the patient-centered medical home model was successful because of the physicians who were willing to test the model before it was incentivized."
He notes that practices that were early adopters of the patient-centered medical home and other value-oriented care models are now in line to reap the rewards on the back end as more insurers switch to new models of care.
"When you look at the future of reimbursements systems, they're going to be linked to patient outcomes, care management, and the ability to keep patients healthy and out of hospitals and emergency departments," says Evenson. "And those models will change the way technology is adopted."
This article was originally published in Physician Practice Perspectives. Subscribers can read the full article in the May 2016 issue.
Related Products
Most Popular
- Articles
-
- CMS seeks comment on quality measures
- Practice the six rights of medication administration
- Don't forget the three checks in medication administration
- Note similarities and differences between HCPCS, CPT® codes
- Nursing responsibilities for managing pain
- Q&A: Primary, principal, and secondary diagnoses
- ICD-10-CM coma, stroke codes require more specific documentation
- CMS creates web portal for questions about 1135 waivers, PHE
- OB services: Coding inside and outside of the package
- The consequences of an incomplete medical record
- E-mailed
-
- Coronavirus vaccination: 4 best practices for communicating with patients
- Q&A: Pressure ulcer POA code confusion resolved
- Neurological checks for head injuries
- Keyes Q&A: Generator lighting, fire dampers, eyewash stations, ISLM fire drills
- Including 46600 in E/M leveling systems
- How to get reimbursed for restorative nursing
- Fetal non-stress tests represent important part of maternal and fetal health
- Coding, billing, and documentation tips for teaching physicians, interns, residents, and students
- Coding tip: Know how to correctly code each procedure an otolaryngologist can perform on turbinates
- Coding Clinic reiterates guidelines for provider documentation
- Searched