The 2nd annual Practice Profitability Index (PPI) was created to gauge the operational and financial health of private practices. Thanks to the insights provided by over 5,000 physicians, the report underscores challenges that make staying profitable a demanding task for today’s physician practices – and what they’re doing about it.
Key report findings:
39% of physicians see overall profitability trending downward
60% say declining reimbursements are the greatest threat to profitability
70% spend at least 1 day per week on paperwork instead of treating patients
Nearly 1 in 4 physicians are considering selling their practices
Providers' thoughts on health IT, patient engagement programs, and more…
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