In partnership with market research company DataDive, the organization analyzed the costs and revenues reported by physician-owned multispecialty practices from 2021 to 2022 to find the changes in expenses associated with full-time physicians at their respective practices.
Here is a breakdown of the median change in various practice expenses per full-time physician from 2013 to 2022:
|
Expense type |
Percent change (2013-2022) |
|
Median IT operating cost |
54% |
|
Median drug cost |
106% |
|
Median medical and surgical supply cost |
82% |
|
Median building and occupancy cost |
27% |
|
Median furniture and equipment cost |
42% |
|
Median administrative supplies and services cost |
33% |
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.