The pressure intensifies for medical groups to deliver exceptional, innovative and patient-centered care while maintaining fiscal sustainability. The stakes have never been higher. Based on a recent MGMA survey, a staggering 92% of medical groups faced increased operating costs in 2024. For physician-owned practices, operating expenses rose by 7.6%, while hospital-owned groups saw a sharp 19.9% increase in just one year. Further illustrating the financial strain, a recent AGMA survey revealed that health systems are now investing an average of $249,000 per physician — a figure projected to climb in 2025 and beyond, intensifying the pressure on operating budgets.
Read the full article: At a Crossroads: Why Medical Groups Must Act Now to Ensure Financial Sustainability //
Source: https://www.lexology.com/library/detail.aspx?g=7298d151-71ca-4c6f-b6c8-a63be787ec23