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Master of Science, Healthcare Administration. Certified Healthcare Business Consultant. Certified Business Appraiser. Certified Valuation Analyst.

Monday, October 12, 2009

MGMA: Medical practice revenues fall

An article from the Medical Group Management Association regarding declining revenues in the medical practice: MGMA: Medical practice revenues fall. Many practices that already run on lean margins are being squeezed even further as patient volume drops, accounts receivable cycles lengthen, and patient's bad debt racks up. These are all indicative of an economic environment which has made it challenging for many. This may be an even stronger impetus for medical practices to become more efficient. From the article......William F. Jessee, MD, FACMPE, president and CEO of MGMA: "Even in a good economy, many of our member practices have trouble staying financially solvent, so now it's more important than ever that practices look for ways to operate as efficiently and effectively as possible."

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