41% of Private Practices Doing Worse Than Last Year

Forty-one percent of private practices are doing worse than last year, according to a survey conducted by Practice Fusion.

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According to the survey, titled “2011 State of the Small Practice,” 41 percent of physicians report their practice is doing worse this year compared to last year, compared to 26 percent who report their practice is doing better and 31 percent who report no change.

Fifty-nine percent of respondents said that new technology has made things easier for their medical practice, though 73 percent report that the computers in their practice are at least three years old on average.

Despite issues with reimbursement and economic downturn, 69 percent of physicians reported being “satisfied” to “extremely satisfied” with their career. The biggest issues for physicians were related to practice administration (31 percent), insurance and reimbursement (26 percent) and difficult patients (11 percent).

Read the Practice Fusion release on the physician practice survey.

Read more on physician practices:

Referral Data Often Not Passed Between Specialists, Primary Care Physicians

University of Florida Launches Executive Education Program on Physician Practice Management and Organizational Integration

Parent Company of Illinois’ St. Johns Hospital Acquires Family Practice

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