Profitability index checks financial health of practices

June 6, 2013
Profitability index checks financial health of practices
An overall downward trend in profitability has been identified based on a practice profitability index, developed to assess the financial health of U.S. physician practices, according to a report published by CareCloud.

(HealthDay)—An overall downward trend in profitability has been identified based on a practice profitability index, developed to assess the financial health of U.S. physician practices, according to a report published by CareCloud.

In an effort to investigate the financial health of , researchers from CareCloud together with QuantiaMD gathered insights from 5,012 physicians with an interactive online survey and related discussion groups during April 2013. The respondents included and internists (77 percent) as well as smaller numbers of pediatricians, psychiatrists, cardiologists, obstetricians and gynecologists, and .

The researchers found that among U.S. physician practices there was an overall in profitability, with declining reimbursements leading physician concerns. Physicians reported that reform effects create the biggest operational burden, with administrative requirements often coming at the expense of patient care. However, many independent physicians want to stay independent and are not looking to be acquired by larger practices or hospitals. Operating changes are being targeted across the board to improve performance. Old practice management systems are likely to be problematic, with more than 40 percent of physicians unsure as to whether theirs can accommodate regulatory requirements and changes.

"The Practice Profitability Index was created to provide a voice to physician practices across the United States regarding issues that impact their financial and operational health," the authors write. "It reflects the belief that better for Americans are more likely to be achieved when practices themselves are thriving and efficient."

Explore further: Top five issues for docs and patients identified for 2013

More information: More Information

Related Stories

Top five issues for docs and patients identified for 2013

January 14, 2013
(HealthDay)—The top five issues that will impact physicians and patients in 2013 have been identified, according to a report published Dec. 10 by The Physicians Foundation.

Number of independent physicians continues to decline

December 11, 2012
(HealthDay)—Physician business models are transforming, with a sustained shift away from independent practice, according to report released by the consulting firm Accenture.

More than two-thirds of surgeons are 'employed'

April 20, 2013
(HealthDay)—There is a substantial shift in practice environment occurring among surgeons in the United States, with more surgeons becoming employees, according to a study published in the April issue of JAMA Surgery.

Many patients would switch doc to cut health care costs

May 17, 2013
(HealthDay)—Many Americans feel that keeping out-of-pocket health care costs is more important than staying with the same primary care physician.

Healthy doctors make healthy patients, study finds

April 8, 2013
Patients are more likely to follow preventive health practices like getting a flu shot or mammography if their doctors do likewise, researchers at the University of British Columbia and in Israel have discovered.

Small physician practices that care for children unprepared to become medical homes

March 7, 2013
Primary care practices around the country are being encouraged and even paid to become "medical homes," but small practices might be at a significant disadvantage in this race to improve health care for children, according ...

Recommended for you

To reduce postoperative pain, consider sleep—and caffeine

August 18, 2017
Sleep is essential for good mental and physical health, and chronic insufficient sleep increases the risk for several chronic health problems.

Despite benefits, half of parents against later school start times

August 18, 2017
Leading pediatrics and sleep associations agree: Teens shouldn't start school so early.

Doctors exploring how to prescribe income security

August 18, 2017
Physicians at St. Michael's Hospital are studying how full-time income support workers hired by health-care clinics can help vulnerable patients or those living in poverty improve their finances and their health.

Schoolchildren who use e-cigarettes are more likely to try tobacco

August 17, 2017
Vaping - or the use of e-cigarettes - is widely accepted as a safer option for people who are already smoking.

Federal snack program does not yield expected impacts, researchers find

August 17, 2017
A well-intentioned government regulation designed to offer healthier options in school vending machines has failed to instill better snacking habits in a sample of schools in Appalachian Virginia, according to a study by ...

Study shows cigarette makers shifted stance on nicotine patches, gum

August 17, 2017
The use of nicotine patches, gum, lozenges, inhalers or nasal sprays—together called "nicotine replacement therapy," or NRT—came into play in 1984 as prescription medicine, which when combined with counseling, helped ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.