The Texas Medical Association conducted a physician survey to identify physicians’ greatest concerns, trends and priorities, among other things. In total, 3,580 physicians responded. Key findings from the survey include the following:
• Half of the respondents said they are concerned about the economic viability of their practices.
• Low or declining reimbursement rates is cited as the greatest concern among physicians.
• Approximately 61 percent of physicians said their income has declined in the last two years.
• A portion of physicians drew into personal funds (44 percent) or secured commercial loans (29 percent), laid off employees (28 percent), terminated or renegotiated health plan contracts (20 percent) or reduced or terminated services to Medicare, Medicaid or TRICARE patients (18 percent) in order to address cash flow problems.
Read the Texas Medical Association report about physicians’ concerns.
Read other coverage about ASC profitability:
– 5 Steps to Profitable Spine in Surgery Centers
– 6 Ways to Prepare for Successful Payor Contract Negotiations
– 5 Great Ways to Increase Profits at Orthopedic-Driven ASCs
