Tuesday, November 6, 2007
Costs Rise Faster than Revenue
The Medical Group Management Association (MGMA) does an annual cost survey of medical offices. It won't be a surprise to any practicing physician who runs an office that practice costs increased by 7.4% while revenue rose only 1.8%. Family practice, cardiology and general surgery fared the worst with even lower revenue gains against losses from last year. Pediatrics and orthopedic surgery were