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Industry Overview |
 Physicians entering the new market face tremendous financial pressures, particularly from reimbursement cuts and higher malpractice and employee costs.
William F. Jessee, MD, FACMPE, president and CEO of the Medical Group Management Association, recently said, based on historical trends; medical groups likely would face a 4.5 percent increase in operating expenses over the next year. With that kind of disparity between income and expenses, many physicians are hard-pressed to come up with the substantial investments required to automate and create additional streams of revenue, he said.
On a more positive note, physicians seeking to increase their pay have been successful when they have turned to new technologies or to in-office testing. EMR technologies have the potential to help physicians become more productive and to see more patients, all while decreasing the number of medical errors that give rise to liability insurance claims. Likewise, in-office tests are well reimbursed, and make thorough exams easy to perform while the patient waits in the office.
In response to the immense pressures in the Physician Industry to reduce costs, Blue has developed some of the most innovative and successful cost-saving solutions in the industry. Our cost management efforts focus primarily on supply chain management. We offer a menu of guaranteed savings program, including inventory control software that allows you to monitor and control your inventory and product utilization. Our formulary management programs will reduce your costs and enhance product compliance. No company will work harder to earn your business and no company will work harder to keep your business over the long term. We treat you the way we want to be treated: fairly, honestly and respectfully. Your business matters to us at Blue Medical. We are simply asking for a chance to demonstrate our commitment. |
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