The Smart Medical Practice

Medicaid Fee Reductions: Will You Accept New Patients?


In recent years, and especially now in 2015, the Affordable Care Act has come under fire from a variety of critics, but as of late, it is in full effect, and with it comes many changes, especially in the area ofMedicaid feesfor healthcare providers. In addition to expanded Medicaid coverage, meaning more people will be seeking care, physicians are now losing the temporary pay raise that they have enjoyed for the past two years. Overall, providers are now left with a choice as to whether to acceptMedicaidpatients or not based on said recent fee changes.

Medicaid
If you’re questioning your practice’s ability to keep up with changes due to the ACA, it may be time to invest in medical software upgrades.

Accepting New Patients Doesn’t Have to Be Difficult

While it may seem that accepting new patients while receiving less money may be a mistake, it’s important to look at the big picture. By turning down patients, you may be doing more long-term harm. Basically, if you refuse patients, your practice may suffer from a poor reputation, even if you have a good financial reason to turn down patients. Likewise, it’s important to remember that Medicaid patients will not necessarily be on the program for long. Many such patients end up getting private insurance through an employer in time, and if you’ve kept them on while they were on Medicaid, it’s likely that they will continue to see you once they have obtained insurance.

What Can Be Done to Manage Medicaid Patients in the Interim?

In order to counteract these concerns, many practitioners are turning to medical office software solutions. While practice management system software may not be able to completely alleviate the pressures being felt by healthcare providers, it can go a long way in streamlining processes, tracking patients, and more. Essentially, healthcare management software allows practitioners the ability to create patient profiles that include Medicaid billing information, as well as scheduling information, and this then gives medical professionals the opportunity to see where cash flow is occurring or where deficits are being experienced. As a result, physicians may be able to accept more Medicaid patients while cutting costs and still providing the same level of care.

Medicaid
By upgrading your medical software, you can take advantage of benefits that include tracking patient health, monitoring Medicaid costs, and more.

What Else Can Medical System Software Do?

On top of the ability to track patients and their health related to federal government programs, practitioners can also manage patient records in the cloud, meaning there is no longer a need to install and maintain software on static computers. Using cloud-based software, you can log in to your practice’s account from virtually any Internet-connected device, including mobile devices. In addition, because cloud-based software is hosted on an off-site server, you won’t have to worry about upgrades, thereby cutting IT costs, and this can in turn free up funds to allow for new Medicaid patient visits.

Choosing the Right Software

When planning for practice management software, you’ll first need to consider the needs of your practice currently, but you’ll also need to plan for the future. It’s likely that you will want to grow your practice in the days, months and years ahead, so make sure to find a solution that can scale with your growth. Also, seek out software that can account for a growing number of patients, whether they are on Medicaid or not. In addition, look for software solutions that offer easy billing options for all patients as your practice grows.

For more information on managing your practice through the Medicaid storm, visitpracticesuite.com.

Andrew Rusnak is an author who writes on topics that include federal legislation and lobbying.

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