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What's the biggest threat facing ASCs today? The short answer: "Reimbursements are not keeping pace with the rising administrative costs in ASCs," John Stewart, CEO and founder of Melbourne, Fla.-based Total Spine & Orthopedics, told Becker's.

About 70 percent of physicians received tax breaks from charitable contributions in 2022, up from 54 percent the year prior, according to Medscape's 2023 "Physicians and Taxes" report.

The average physician spent $83,620 on federal taxes in 2022, and an additional $12,952 on state taxes, according to Medscape's 2023 "Physicians and Taxes" report, which surveyed over 1,200 physicians across 29 specialties. 

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