Here are 10 numbers making physicians nervous:
2.8%. The conversion factor reduction CMS has proposed in its physician fee schedule for 2025. Ten physicians joined Becker's to discuss the long-term dangers of this proposal.
29%. The decline inMedicare physician payment since 2001, when adjusted for inflation, according to the American Medical Association.
More than 108,700. The number of physicians who left private practice for employment opportunities from 2019 to 2021, according to a report from Avalere.
77%. The percentage of physicians who are employed by a hospital, health system or corporate entity, according to the Avalere report.
58.5%. The percentage of physician practices owned by either health systems or corporations as of 2023, according to the research by the Physicians Advocacy Institute and Avalere Health.
82%. The percentage that medical and surgical supply costs faced by practices per full-time physician increased by from 2022 to 2023, according to a report released from the Medical Group Management Association.
Nearly 80%. The percentage of physicians who said the need for better leverage in payer negotiations played a very important or important reason in the sale of their private practice to a hospital or health system, according to a report from the American Medical Association.
$12.6 million. The record-breaking total of Stark law settlements CMS made in 2023, a 552% increase from 2021.
1 in 3. The number of clinicians who will be sued for medical malpractice during their careers, according to a 2022 study in the National Library of Medicine.
63%. The percentage of physician transactions that were attributable to a PE firm or their portfolio companies in 2023, according to VMG Health's 2024 Healthcare M&A Report.