The scramble to keep up with a rapidly evolving industry is taking its toll on physician practices. Regulatory compliance requires a lot of rigor on multiple fronts, including Meaningful Use, Physician Quality Reporting System (PQRS), Patient-Centered Medical Home (PCMH) and electronic prescription of controlled substances (EPCS). These requirements and others are causing general fatigue. For example, according to the Top 15 challenges facing physicians in 2015, about eight out of 10 physicians feel they are overextended or working at full capacity, and 70% report that they spend more than one day on paperwork each week. Unfortunately, there are hidden costs to this exhaustion that many practices overlook. Burnout can lead to leaving money on the table Physician practices have become almost desensitized to the worry associated with regulatory requirements. For example, ICD-10 is coming down the path, but it’s not […]

The healthcare industry is hard at work reviewing recent significant regulatory developments from the U.S. Department of Health & Human Services. We can be certain that elements of these proposals will change when the final versions come out, but nonetheless, there are some big ideas to process in each of them. We’re in the midst of a 60-day public comment period. Here’s a summary of the big three proposed rules from Centers of Medicare and Medicaid Services (CMS) and the Office of the National Coordinator for Health Information Technology (ONC): 1. CMS: Definitions of Meaningful Use – Changes to Stage 3 We anticipate CMS will finalize this rule in August or September. It focuses heavily on interoperability, laying the groundwork for a focus on quality and outcomes-based payment models. It proposes an option in 2017 of moving to Stage 2 […]