Physicians continue to face increased cost pressures and revenue challenges in today's healthcare environment, according to the AMGA's 2017 Medical Group Operations and Finance Survey.
For the survey, researchers gathered financial data from 49 organizations, representing 13,000-plus physicians.
Here are six survey findings.
1. AMGA found the operating loss per physician increased from 10 percent of net revenue in 2016 to 17.5 percent of net revenue last year.
2. During the two-year period of 2016 and 2017, the median loss per physician increased from $95,138 to $140,856.
3. Median gross professional revenue rose from $1.2 million to $1.3 million during that same time period. However, median net professional revenue fell from $682,735 to $681,322, according to the survey.
4. Financial performance varied by group size and type. Private physician practices saw their operating margin increase $16,378 per physician between 2016 and last year. The 2016 survey showed a loss of $13,982, but last year's survey showed a profit of $2,396.
5. Integrated health systems saw their median operating loss per physician increase approximately 15 percent between 2016 and 2017, from a median loss of $211,961 up to a median loss of $243,918, according to the survey.
6. But large integrated groups, with more than 300 physicians, saw their median operating loss per physician decrease, from a median loss of $172,746 in 2016 to a median loss of $35,477 in 2017.
Access the full survey results here.
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