Revenue, visit levels still down for most physician practices, survey finds

Five survey findings:.

AMA surveyed a nationally representative sample of 3,500 doctors from mid-July through August about how COVID-19 is affecting patient gos to, practice earnings and spending on personal protective devices, to name a few topics.

Physician practices have actually seen a 32 percent typical decrease in profits amid the COVID-19 pandemic, according to a study from the American Medical Association..

Mackenzie Bean –
Wednesday, October 28th, 2020

1. A bulk (81 percent) of doctors said their income was lower than in February..

2. Almost 1 in 5 physicians said earnings had reduced by 50 percent or more.

3. Eighty-one percent of doctors also stated go to levels were still down compared to pre-pandemic volumes.

4. In spite of a jump in telehealth use, 70 percent of doctors said they were still performing less virtual and in-person check outs than before the pandemic.

5. Sixty-four percent of doctor practice owners stated PPE costs was up during the pandemic, with a typical costs increase of 57 percent.

both in regards to reduced income and increased expenses,” AMA said. “While initial federal financial relief programs were helpful to practices that applied, it appears the roadway to recovery, especially for smaller physician-owned practices, remains difficult and more financial relief is needed.”.
To see the complete survey, click here.

” It is clear the COVID-19 pandemic continues to have an unfavorable influence on physician practices,.

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