Most private practice managers and physicians find reimbursement to be the biggest issue impacting their practice, according to a study by WhiteSpace Health Care.
The consulting and research firm has released the results of its study on the drivers behind challenges facing private practice.
The population of the study included hundreds of physicians and practice managers representing several specialties from around the globe. Several one-on-one interviews were also conducted with leading healthcare experts, consultants and economists.
The top four pressures impacting private practices, according to the study are:
• Reimbursement — 54 percent ranked this as the biggest issue
• Patient referrals — 40 percent ranked this as the second-biggest issue
• Competition — 57 percent ranked this as the third-biggest issue
• Patient retention — 58 percent ranked this as the least critical issue
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The consulting and research firm has released the results of its study on the drivers behind challenges facing private practice.
The population of the study included hundreds of physicians and practice managers representing several specialties from around the globe. Several one-on-one interviews were also conducted with leading healthcare experts, consultants and economists.
The top four pressures impacting private practices, according to the study are:
• Reimbursement — 54 percent ranked this as the biggest issue
• Patient referrals — 40 percent ranked this as the second-biggest issue
• Competition — 57 percent ranked this as the third-biggest issue
• Patient retention — 58 percent ranked this as the least critical issue
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Physician Says Hospital Buying Practices is Like "Wal-Mart Coming Into Town"