The Fourth Lever of Practice Profitability: Expenses

Expense management is a critical component of maximizing the bottom line for medical groups. According to a 2018 Medical Group Management Association (MGMA) study, median operating costs for primary care practices have risen by 13 percent since 2013. What’s more, a survey of the top issues ruining medicine for physicians revealed that rising expenses ranked number 7 on the list. Investing the time to better understand your group’s overhead structure and implement cost savings can significantly impact both your net revenue and job satisfaction. Read more