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%.