Roughly 43 percent of physicians think Medicare reimbursements will go down in the near future, while only 4 percent believe they will go up, according to a survey from LocumTenens.com.
LocumTenens.com surveyed 1,600 physicians on various components of Medicare, such as how many Medicare patients they see, profitability of their Medicare case loads and more. Other key findings from the survey include:
• Almost 40 percent of respondents did not know if their Medicare cases were profitable, while 8.3 percent said they could make money on their Medicare case load. The remaining 52 percent said they break even or take a loss on Medicare.
• The average Medicare reimbursement, excluding anesthesiologists, was 62 cents on the dollar. However, these self-reported figures showed that physicians likely underestimated their reimbursements by five cents to 23 cents, as Medicare actually reimburses between 67 and 80 cents on the dollar compared with private insurance for non-anesthesiology expenses.
• Most physicians said shrinking Medicare reimbursements are the top problem for making Medicare work, and 52.9 percent of respondents said some type of physician payment reform would be a solution for fixing Medicare.
LocumTenens.com surveyed 1,600 physicians on various components of Medicare, such as how many Medicare patients they see, profitability of their Medicare case loads and more. Other key findings from the survey include:
• Almost 40 percent of respondents did not know if their Medicare cases were profitable, while 8.3 percent said they could make money on their Medicare case load. The remaining 52 percent said they break even or take a loss on Medicare.
• The average Medicare reimbursement, excluding anesthesiologists, was 62 cents on the dollar. However, these self-reported figures showed that physicians likely underestimated their reimbursements by five cents to 23 cents, as Medicare actually reimburses between 67 and 80 cents on the dollar compared with private insurance for non-anesthesiology expenses.
• Most physicians said shrinking Medicare reimbursements are the top problem for making Medicare work, and 52.9 percent of respondents said some type of physician payment reform would be a solution for fixing Medicare.
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