RevCycle Intelligence April 15, 2020
On average, physician practices revenue declined 55 percent since the beginning of the COVID-19 crisis, while patient volume fell 60%, MGMA reports.
An overwhelming majority (97 percent) of physician practices have experienced a negative financial impact directly or indirectly related to COVID-19, with most seeing physician practice revenue and patient volume declining, a new survey reveals.
The survey released Tuesday by the Medical Group Management Association (MGMA) found that physician practice revenue has decreased by 55 percent on average since the beginning of the COVID-19 crisis, while patient volume has fallen by an average of 60 percent.
Over 720 MGMA members responded to the survey, of which 75 percent belonged to independent medical practices and employed less than 50 full-time...
Today's Sponsors
Today's Sponsor