A majority of physicians have seen their practice’s financial state improve or stay the same in 2019, according to the results of the 91st Annual Medical Economics® Physician Report. In all, 23% of respondents say their practice did better financially in 2019 compared with a year prior. A further 55% say their practice is doing about the same as the year before. These figures saw a modest rise from 2018. Only 22% of respondents say their practice is doing worse than the prior year. The respondents chalk their improved performance to seeing more patients (52%), pay-for-performance incentives (29%) and changes in their practice models (26%). The survey was conducted by HRA®(Healthcare Research & Analytics) via email in February 2020, before the COVID-19 pandemic began to affect the financial state of practices.
Read the full article: How Medical Practices Are Faring in 2020 //
Source: https://www.medicaleconomics.com/news/how-medical-practices-are-faring-2020