This episode is sponsored by PearsonRavitz– helping physicians protect their most valuable assets.

In 2024, physicians face a mixed bag of news. On the positive side, there have been changes in non-compete regulations in several states, potentially impacting physicians' contractual freedoms. Additionally, CMS has implemented improvements to prior authorization processes and witnessed a reduction in pay gaps between male and female physicians in various specialties. However, there are concerning trends as well.

CMS has continued to cut rates, affecting some specialties more than others. Physician ownership of practices is declining, with many practices being acquired by private equity firms, potentially reducing physicians' control over their careers and patient care.

Burnout rates among physicians remain high, with a significant portion considering leaving their positions or reducing their hours. Despite discussions on addressing burnout, concrete actions from organizations are lacking, raising concerns given the impending physician shortage.

While there are challenges ahead, Contract Diagnostics remains committed to supporting physicians through their various needs and challenges.

Jon invites individuals to contact Contract Diagnostics through phone, chat, or email for personalized assistance, visit www.ContractDiagnostics.com

LINK to article:

https://www.beckersasc.com/leadership/good-news-bad-news-for-physicians-in-2024.html

Coffee & Contracts - Good News, Bad News 2024

Financial Residency