Why physician finances worsened in 2023 

Higher overhead is the top reason finances worsened for physicians in 2023, according to Medical Economics’ 94th Physician Report released August 4. 

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Here are the top five reason physicians’ finances worsened, according to the survey:

1. Higher overhead (staff costs, rent/mortgage, etc.)

2. More time spend on uncompensated tasks

3. Lower reimbursement

4. Lost revenue/increased expenses due to COVID-19

5. Higher technology costs

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