Industry News – August 2024
Alexandra Ginieres
Every month, we find the most relevant news and opinions from the industry and publish them to the MGIS blog. Scroll to the bottom of the page to subscribe to the MGIS Sales Guide to make sure you never miss these updates.
Physician Compensation: 6 Notes for Healthcare Leaders
Becker’s Hospital Review – Physician labor expenses are a major concern, accounting for 84% of total expenses. Despite productivity-driven pay increases, compensation growth is outpacing net collections, creating unsustainable trends.
Can Independent Practices Stay Afloat Amid Waves of Industry Consolidation?
Medical Economics – Independent primary care practices are rapidly declining due to consolidation by larger entities, driven by financial pressures and administrative burdens.
In 6 Specialties, Desire to Step Away or Scale Back is Common
American Medical Association – AMA survey reveals over one-third of physicians may leave or reduce hours, with midcareer doctors most affected. Key factors include job stress and feeling valued.
Best & Worst States for Doctors
WalletHub – WalletHub’s analysis highlights the importance of choosing a state with good financial opportunities and working conditions for a successful medical career.
