Becker's Healthcare January 7, 2026
Kelly Gooch

Operating expenses continue to exceed revenue for many system-affiliated medical groups, with average expense ratios over 100%, according to the “AMGA 2025 Medical Group Operations and Finance Survey.”

The organization gathered data from 39 medical groups — 25 system-affiliated and 14 independent — encompassing more than 7,100 clinics and over 34,500 provider [full-time equivalents]. Key findings from the operations and finance survey, as well as AMGA’s companion “2025 Medical Group Compensation and Productivity Survey,” also include:

1. Compensation and other operating expenses are major cost drivers. AMGA’s compensation and productivity survey found average provider compensation increased 4.9%...

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Topics: Health System / Hospital, Physician, Provider, Survey / Study, Trends
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