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.
New and established patient visits made up five of the top eight most commonly billed procedures by respondents in the 2014 Fee Schedule Survey.
