Physician Revenue Cycle

Higher Patient Volumes, Physician Productivity Aid Revenue Growth

by Sarai Rodriguez

According to Kaufman Hall’s latest Physician Flash Report, patient volume, revenue, and productivity increased for physician practices with performances exceeding pre-pandemic...

Healthcare Expenses Continue to Rise, While Hospital Volumes Decline

by Jacqueline LaPointe

Healthcare expenses continue to rise across the board as both hospitals and physician groups deal with pandemic-related impacts on financial performance, according to two new reports from healthcare...

Physician Compensation Creeps Up While Productivity Dives

by Jacqueline LaPointe

Physician compensation increased modestly as a result of the COVID-19 pandemic, while productivity took a sharp decline, AMGA (American Medical Group Association) reports. A survey conducted by AMGA...

Physician Compensation Plateaus Despite Pandemic Losses

by Jill McKeon

Despite a fiscally challenging year for the healthcare industry, physician compensation for most specialties has remained the same or has slightly increased, a new report from the Medical Group...

Health Systems Losing Money on Employed Physicians During COVID-19

by Jacqueline LaPointe

The ongoing COVID-19 pandemic is creating a perfect storm for health systems, which appear to be taking hits on both the hospital and physician practice sides of their business. The latest National...

3 Strategies for Medical Practice Excellence in the Era of COVID-19

by Jacqueline LaPointe

The COVID-19 pandemic has moved the benchmarks for medical practice excellence. What once worked in a pre-pandemic world may not be adequate for the COVID-19 era or may need to be tweaked in order to...

Successful Practices Invest in Business Office, Clinical Support

by Jacqueline LaPointe

There is no one-size-fits-all approach to running a successful physician practice, but a new report has found that top-performing organizations have a couple of characteristics in common. The report...

How Revenue Cycle Technology Got Patients Back to the Office

by Jacqueline LaPointe

After experiencing a significant dip in patient volumes during the COVID-19 pandemic, Family Practice Associates of Lexington PSC is now busier than ever. “Visits probably dropped off 50, maybe...

Clinicians Overwhelmingly Agree Primary Care Has Not Rebounded

by Jacqueline LaPointe

While patient volumes are creeping back to pre-pandemic levels for some providers, clinicians overwhelmingly agreed in a recent survey that primary care has yet to rebound and it is unlikely to reach...

HCCI: Physician Prices 122% of Medicare Rates on Average

by Jacqueline LaPointe

Physician prices for commercial insurers are still well above those paid by Medicare, but there is significant variation in how much more the payers reimburse physicians for professional medical...

Providers Fear Growing Uninsured Rate to Keep Patient Volumes Down

by Jacqueline LaPointe

While many providers are starting to see their patient volume levels return to pre-pandemic levels, most physicians and advanced practice providers are still concerned about the effect COVID-19 will...

New Physician Compensation, Recruitment Take a Hit During Pandemic

by Jacqueline LaPointe

The physician market has become more competitive as a result of the COVID-19 pandemic, which may lead to new physician compensation reductions and incentives, at least temporarily, according to a new...

AAMC Predicts Physician Shortage to Hit Between 54K to 139K by 2033

by Jacqueline LaPointe

Demand for doctors continues to exceed supply, leading to a projected physician shortage of between 54,100 and 139,000 physicians by 2033 — a higher range compared to the previous projected...

Provider Compensation Increased in 2019 as Docs Saw More Patients

by Jacqueline LaPointe

Provider compensation trended upward in 2019 as most providers reported increases in overall productivity, according to MGMA’s latest Provider Compensation and Production Report. Average total...

Nearly a Fifth of Primary Care Practices Are Temporarily Closed

by Jacqueline LaPointe

Primary care practices continue to be under extreme financial stress as a result of the coronavirus pandemic, the latest survey from the Primary Care Collaborative and the Larry A. Green Center...

Should Physician Practices Return Paycheck Protection Program Loans?

by Jacqueline LaPointe

Paycheck Protection Program loans were designed to support small businesses during the unprecedented COVID-19 crisis, but many physician practices have been debating whether returning the loans is a...

21% of Physicians Furloughed, Had Pay Cut During COVID-19 Crisis

by Jacqueline LaPointe

Furloughs and pay cuts are just two ways the COVID-19 crisis has changed the physician’s role, according to a new survey from Merritt Hawkins and the Physicians Foundation. For more coronavirus...

20% of Primary Care Practices Anticipate Closing in a Month

by Jacqueline LaPointe

Primary care practices are facing significant financial challenges as a result of the COVID-19 pandemic, leaving 20 percent of practices without the resources they need to remain open beyond the next...

Physician Practice Revenue Cut in Half Due to COVID-19 Crisis

by Jacqueline LaPointe

An overwhelming majority (97 percent) of physician practices have experienced a negative financial impact directly or indirectly related to COVID-19, with most seeing physician practice revenue and...

AMGA Seeks Payroll Relief for Medical Groups Impacted by COVID-19

by Jacqueline LaPointe

Medical groups should be able to access the $349 billion in forgivable loans through the Paycheck Protection Program while practices wait on HHS to distribute the more than $100 billion in coronavirus...