The results of our 2014 Fee Schedule Survey are in. Here's a look at some of the key findings, and how physician practices can react.
Fee-for-service reimbursement continues to fall amid the shift from volume- to value-based physician payments. It is more important than ever that medical practices control its payer contracts and look to boost reimbursement. To do so, read "Physician Reimbursement Changes: 5 Ways to Gain Control."To view the slides in PDF format, click here.
Input from this year's Fee Schedule Survey was pretty much split evenly on a regional level, encompassing 1,613 physicians' practices.
The majority of respondents to the 2014 Fee Schedule Survey were small, primary-care practices working independently.
Reimbursement levels for new patient visits were relatively higher in the Plains and Rockies / North Central, while states in the West showed the highest existing patient visit rates.
No surprise here that the specialties experienced higher reimbursement rates than their primary-care peers in the 2014 Fee Schedule Survey.
Four in 10 practices said they expect less than 10 percent of their revenue in 2014 to come from non fee-for-service contracts with payers.
More medical practices expect to see revenue from non fee-for-service contracts in 2015 than they did in 2014, but a majority still say it will be less than 10 percent.