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Is Obamacare Good for Billing business?

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tallmanusa:
Regardless of your political affiliation, as of this morning, Obamacare is here to stay. Doctors have to adopt EMR by 2015; their pay would be cut, and they would have tons of new patients.
Is all of that good or bad for the billing business?
To me it would appear good for our business, not necessarily good for the doctors.

PMRNC:
Maybe.. maybe not, I think only time is going to tell us that. The BULK of my consulting in last year has been evaluating and auditing practices to remove them from Medicare/Medicaid.  In regards to Billing, I don't think it will effect it right away, it really is going to be determined by how much physicians are going to put up with before leaving medicine, going to cash only practices or concierge care.  I do think we'll see a drop in Medicare/Medicaid/Tri Care billing as more physicians move away from govt sponsored plans. I also think we will need to be MORE diligent in eligibility and benefit checks as many enter into the private sector.   I think in regards to the big picture it's going to be a game of chance.  To stay afloat I think billing companies better be diverse, they better be ready to use any software, do credentialing and other consulting type services to stay afloat.   JMHO.   PS.. I also predict they will put off EMR mandates due to issues such as Cyber terrorism, and patient rights, I myself have an attorney drafted Opt out of EMR where as my physicians will not be able to force EMR on me. I think you will see more patients really care about how their information is used, stored and shared.  Many of the issues on privacy have not been addressed in regards to EMR. I do believe we will see it put on hold AGAIN and AGAIN.

DMK:
Doctors will be retiring, dropping insurance and going to work in hospital type clinics.  Private practice will be changed forever if Obamacare continues to plow through.

Doctors will have "tons of new patients" that they will have to provide more services, in less time, for less reimbursement, and people still won't pay their bills because "health care is free now, right?".

We're getting the recommendations now for more restrictions on tests, fewer paps, fewer mammograms, fewer PSA's, longer waits for MRI's, CT's etc.  The insurance companies will be denying more and more care because for every 10 of those tests, only 1 "really needed it".

People thought they were going to get free health care for all.  Now the people who want tests will pay for them, and the people who NEED them won't be able to get them authorized.

Hide and watch folks.

tallmanusa:
I don't have any political affiliations, only business interests. For our business I think this is very good.
As the Speaker of the House said " Obamacare is the law of the land ", that is the way it is, people have already spoken. It is water under the bridge. Learn to live with it.

My goal is to steer my business so that it is profitable under the circumstances.
One way is to offer EHR to every provider, as Obamacare mandates it.
Another way is to increase efficiency, so that we can deliver the provider at reasonable costs to them. Improvement in technology and elimination of Super bill are others.

rdmoore2003:

--- Quote from: tallmanusa on November 12, 2012, 02:21:10 PM ---I don't have any political affiliations, only business interests. For our business I think this is very good.
As the Speaker of the House said " Obamacare is the law of the land ", that is the way it is, people have already spoken. It is water under the bridge. Learn to live with it.

My goal is to steer my business so that it is profitable under the circumstances.
One way is to offer EHR to every provider, as Obamacare mandates it.
Another way is to increase efficiency, so that we can deliver the provider at reasonable costs to them. Improvement in technology and elimination of Super bill are others.

--- End quote ---


ok, I can't resist.   First, people have spoken, however, not ALL people said the same thing.  Second, I have been using EHR for about 6.5 years now and if you have the thought that eliminating superbill (and things of that nature) and the improvement in technology.....all that tells me is that eventually technology will completely do everything and there will be no reason for billers and/or coders.  Since most insurance companies are and have already went "green", the "improved technology" will run you out of business since the computers will do it all.

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