7 Statistics on Issues Impacting Physician Practice Profitability

An annual survey conducted by CareCloud and QuantiaMD found 39 percent of physicians have a negative view of their practice profitability in 2014, according to an EHR Intelligence report. Here are seven statistics on the top issues physicians believe are negatively impacting practice profitability.

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•    Declining reimbursement: 60 percent
•    Rising costs: 50 percent
•    Affordable Care Act: 49 percent
•    Transition to ICD-10: 43 percent
•    EHR adoption/Meaningful Use: 35 percent
•    Staff efficiency: 24 percent
•    Recent HIPAA changes: 18 percent
•    Other: 1 percent

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