Gastroenterology practices today are under immense pressure from the combination of declining reimbursement and rising costs. Among other recent challenges, CMS’s dramatic cuts to the 2014 Medicare reimbursement rates for upper GI endoscopy services dealt a tough blow to gastroenterologists across the country.
The stress of running a practice in this environment is naturally taking a toll, with nearly 2 in 5 gastroenterologists experiencing burnout. With the extra demands on gastroenterologists’ time and declining reimbursement, “everybody feels like they are running harder to stay where they are,” explains Dr. Rowen Zetterman, Gastroenterologist/Hepatologist and Dean of the Creighton School of Medicine.
Never ones to shy away from difficult challenges, gastroenterologists and their staff are proactively seeking new ways to boost profitability in the face of these external pressures. Below, learn about four key moves that are helping gastroenterology practices boost their bottom lines.
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