Top 5 reasons physician finances worsened in 2020

Forty-six percent of physicians reported their financial state as worse in 2020 than 2019, Medical Economics reported in its 92nd physician report.

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Medical Economics collected data from physicians who responded to email invitations during the first quarter. 

Top five reasons physicians’ finances worsened:

1. Lost revenue or increased expenses due to COVID-19 

2. More time spent on uncompensated tasks 

3. Lower reimbursement 

4. Higher overhead 

5. Greater technology costs

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