Compared to 2017, fewer physicians reported being worse off financially in 2018, according to Medical Economics' "90th Annual Physician Report."
Medical Economics surveyed 1,300 physicians to generate the report.
Twelve insights on physicians' financial circumstances:
Top reasons finances improved in 2018
1. Seeing more patients
2. Change in practice model
3. Receiving pay-for-performance incentives
4. Renegotiated payer contracts
5. Addition of ancillary services
Top reasons finances got worse in 2018
1. More time spent on uncompensated tasks
2. Higher overhead
3. Lower reimbursement from commercial payers
4. Higher technology costs
5. Government regulations
6. Difficulty with patient collections
7. Penalties related to quality metrics or pay-for-performance programs
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