Episode 14: Crossing the Chasm from Fee-for-Service to Prospective Payment
Years of operating in a fee-for-service environment have made it difficult for many physicians to envision working under a prospective payment model. In this episode of Primary First, we continue our conversation with Dr. Stephen Buksh and discuss some of the things that have allowed him and his practice to operate successfully under both prospective payment and fee-for-service models.
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It’s hard to see reports of the astronomical costs of American healthcare and not become immediately desensitized to the enormity of it all. In 2021, fueled somewhat by the pandemic, American healthcare costs topped $4.3 trillion (membership required). By 2028, that number could surpass $6 trillion.
Like many other industries, the healthcare business in North Texas has been robust over the years, with unprecedented growth and a diversified economy helping to lift all boats in the region. Corporate relocations, relatively inexpensive housing, and a business-friendly climate have led to a booming economy that has weathered recent…