For the survey, MGMA gathered data and insights from more than 2,900 organizations and 40 specialties and practice types.
Here are four survey insights.
1. Practices with a higher non-physician provider to physician ratio (0.41 or more) earned more in revenue after operating cost, compared to practices with a lower non-physician provider to physician ratio (0.20 or fewer).
2. In the last year, physician-owned practices spent between $2,000 and $4,000 more per full time equivalent physician than one year prior. The increase was less for hospital-owned practices.
3. Drug supply costs have increased more than 10 percent per FTE physician across practices.
4. Primary care practices with a lower percent of government payer mix reported higher operating costs, and even higher revenues after operating costs.
Physician-owned primary care groups, with a government pay mix of 30 percent or less, reported $159,307 more in revenue per physician than those with a mix of 50 percent or more. For hospital-owned practices, that difference is $221,497.
Click here to view the full survey.
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