Wilford Gibson, MD, president of the American Academy of Orthopaedic Surgeons and partner at Virginia Beach, Va.-based Atlantic Orthopaedic Specialists, knows how little financial cushion an independent medical practice can have. During the COVID-19 pandemic, his group’s physician partners stopped taking paychecks temporarily so they could continue paying employees. Even under normal circumstances, he said, independent practices operate with little excess cash. “We go month to month, really payroll to payroll,” Dr. Gibson told Becker’s.
Read the full article: AAOS President Warns of Orthopedic Practice Closures Under Medicare Proposal //
Source: https://www.beckersspine.com/orthopedic/aaos-president-warns-of-orthopedic-practice-closures-under-medicare-proposal/