The report surveyed more than 10,000 physician practices and found the median direct expense per physician full-time equivalent hit $1.09 million, a 12.8% increase year over year. The level of investment needed to support physicians also jumped 11.2% to $314,487 per physician FTE for the month.
Median physician net revenues grew 11.4% in May to 2023, driven by higher productivity.
The average physician work relative value unit hit 6,335.27 annualized for the month, a 9.1% increase over 2023. At the same time, support staff dropped 5.1% to 2.93 FTEs per 10,000 wRVUs.
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.