A new survey by MGMA finds concerns over collections issues, among medical group executives, per the ACA
According to research released by the Englewood, Colo.-based Medical Group Management Association (MGMA), "Medical group practices are sounding a cautious note surrounding ACA [Affordable Care Act] exchange implementation. A week into the open enrollment period for ACA insurance exchanges, 40 percent responding physician practices reported that they are still weighing their options as to whether or not they will participate with new exchange insurance products," according to a press release issued Oct. 7. "The MGMA research includes responses from more than 1,000 medical groups in which more than 47,500 physicians practice nationwide."
Among survey respondents, the press release noted, "While a majority... see potential opportunities to provide care to an underserved patient population and replace current charity care, more than 80 percent cited concerns about the burden of patient collections on practices and low provider reimbursement rates as major barriers to their participation."
Grand Prairie, Texas-based Rainbow Children's Clinic was the victim of a ransomware attack on its IT systems in August, affecting more than 33,000 patients, according to multiple news media reports this week.