St. Peter's Health Partners Medical Associates CEO called on physicians to ramp up their productivity in light of significant losses the medical group faced at the start of its fiscal year, Times Union reports.
The medical group began its 2017 fiscal year July facing a $569,000 loss. The 350-physician practice saw 9,115 fewer patients than anticipated, according to the report. SPHP Medical Associates CEO Pam Williams and board chairman Paul Barbarotto, DO, notified physicians of the losses in an Aug. 25 memo.
In the memo, SPHP leaders wrote more than half of participating physicians were not meeting anticipated productivity levels, according to the report.
At the opening of a $7.5 million St. Peter's Health Partners medical center in Clifton Park, N.Y., Ms. Williams said SPHP Medical Associates was back on budget for fiscal year 2017 in August.
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