The investment needed to support a physician practice jumped 8.8% year over year in October to $332,887 per full-time equivalent physician, according to data based on information from 10,000 physician practices.
Here are five more insights from the report:
1. Median direct expenses per physician hit $1.1 million annualized, up 9.8% year over year.
2. Median net revenue per full time physician was up 9.1% to $726,691.
3. Physician productivity increased 8.3% with work relative value units per full time physician hitting 6,311.97 for October.
4. Median support staff per full time physician dropped 5.8% to 2.85 per 10,000 wRVUs.
5. Over the last two years, the investment per physician has increased 17%.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
