The number of solo dermatology practices has steadily declined in the last decade. In 2014, just 35% of dermatologists practiced solo, according to the American Academy of Dermatology (AAD). There is a generational divide among dermatologists who practice solo and those who choose an alternate…
Industry Consolidation: The Impact on Dermatology
Industry consolidation continues to make headlines in the healthcare world. A recent Health Affairs report showed consolidation of both commercial payors and physician practices significantly impacts reimbursement rates. According to the report, reimbursement rates for office visits are reduced by almost 20% when a payor’s…
MACRA, MIPS, and APMs: How Dermatologists can get Compliant and Optimize Reimbursement
The Medicare Access and CHIP Reauthorization Act (MACRA) went into effect January 1, 2017. The final MACRA ruling offers two tracks for compliance: 1) Merit-Based Incentive Payment System (MIPS); and 2) Advanced Alternative Payment Models (APMs). However, only MIPS may be used in 2017. For…