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Can Physicians Remain Profitable?

Uncertainty looms for private practices.

The Practice Profitability Index, which surveyed more than 5,000 physicians, functions as a barometer for the operational and financial health of private practices in 2013. The report identified a confluence of challenges that make staying profitable increasingly difficult for physician practices today.

Key report findings:

  • 1-in-3 physicians see overall profitability trending downward in 2013
  • 65% say declining reimbursements are the greatest threat to profitability
  • 59% spend at least one day per week on paperwork instead of treating patients
  • 48% say they lack the resources to accept any of the 30 million new patients from the ACA
  • Only 9% are very confident in their current processes for getting paid
  • Plus, profitability data is broken down by state, specialty and more…

Get your free copy of the “Practice Profitability Index” today. Brought to you by CareCloud and QuantiaMD.

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