Sharon Grace, AMGA
703.838-0033 ext. 393
September 26, 2016
AMGA 2016 Medical Group Operations and Finance Survey Reveals Continued Financial Losses, Details Variation of Loss among Different Organizational Structures
ALEXANDRIA, VA - AMGA today announced findings from its 2016 Medical Group Operations and Finance Survey, conducted by its consulting arm, AMGA Consulting. Results show an operating loss of approximately $210,000 per physician for integrated health systems and hospital medical practices, while private physician practices reported a near $14,000 operating loss per physician.
The survey includes extensive operational and financial details that provide insight to how ownership structure, accounting systems, expense allocation processes, and service assignment (such as where ancillaries reside) affect the bottom line. “At a glance, the discrepancy between integrated health systems and private practices seems significant. It’s essential, however, to look at the many financial indicators that make up operating performance and compare those details across different organizational structures to gain a better understanding of true financial performance. Our survey enables such comparison, ” said Tom Dobosenski, CPA, president, AMGA Consulting.
The AMGA 2016 Medical Group Operations and Finance Survey includes financial summaries based on size, region, percentage of capitated net revenue; median data on direct expenses, provider compensation, and staffing; and accounts receivable information. It presents data from 50 organizations, representing more than 10,000 physicians.
“Medical groups continue to rise to the challenge to provide quality, cost-effective care in an ever-shifting healthcare environment,” stated Donald W. Fisher, Ph.D., CAE, AMGA president and chief executive officer. “In a time of significant change marked by provider consolidation, it’s imperative that C-level leaders have access to data that provides a complete picture of the market. This survey will be a valuable tool in benchmarking performance.”
The survey includes an overall staffing profile with department full-time equivalent employee (FTE) per physician FTE. “While it is somewhat expected that Patient Accounting and Operations top the staffing chart, it’s interesting to note that the median response adjusted to 100 physician FTEs requires 17 IT FTEs,” commented Dobosenski. “Factors contributing to the prominence of IT FTEs may be the growing need for the ability to manage quality and service metrics and preparation for risk as the market shifts from volume to value.”
AMGA is a trade association leading the transformation of health care in America. Representing multispecialty medical groups and integrated systems of care, we advocate, educate, and empower our members to deliver the next level of high performance health. AMGA is the national voice promoting awareness of our members’ recognized excellence in the delivery of coordinated, high-quality, high-value care. More than 170,000 physicians practice in our member organizations, delivering care to one in three Americans. For more information, visit amga.org
Limited copies of the survey are available for working press. For press copies, contact Sharon Grace at firstname.lastname@example.org.To order the survey, visit amga.org or contact AMGA at 703.838.0033 ext. 362 or email@example.com.