Oncology practices are experiencing acute challenges in today’s rapidly changing healthcare environment. Costs for treating patients are increasing, regulatory changes are affecting the way practices operate, and there are significant changes in reimbursement — compounded by a 2% reduction in fees as a result of the recent sequestration. In addition, payers are moving away from the traditional fee-for-service payment model towards value-based models that recognize quality and patient outcomes.
These shifts require practice leadership to make preserving or increasing revenue and cash flow a top priority. After all, practices cannot provide care if they cannot afford to stay in business. So, how should practice leaders re-tool and re-focus their efforts to keep their practices financially viable and thriving in these challenging times?
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