For now, I just want to reflect on changes in private practice Cardiology which have been exploding over the past year in response to two significant cuts in physician reimbursement from CMS. First, were cuts specific to Cardiology based on the flawed practice cost survey that CMS used (illegally) to establish the 2010 Payment Schedule, and second the 38% cut in reimbursement for SPECT stress imgaging. The ACC surveyed over 6,000 practices with a response rate of about 1/3 and found that approximately one half of practices were:
- Cutting staff
- Reducing wages and benefits
- Merged, or in talks to merge with hospitals
Where is all this headed?
Read more detail on the ACC's blog.