Physician practices nationwide ended 2021 with sizable gains in physician productivity and revenues, but swelling expenses and labor shortages continue to pose significant operational challenges, reports Fierce Healthcare.
Net revenue per physician full-time equivalent (FTE) increased with higher patient volumes and physician productivity, performing above pre-pandemic levels for the last three quarters of 2021. The metric rose to $695,088 in the fourth quarter, up 7.4% from the previous quarter.
Primary care had the biggest increase in net patient revenue per physician FTE at 12.9% from the third to the fourth quarter, as more patients sought care that may have been deferred during the height of the pandemic and before 2022 co-pays kicked in, according to Kaufman Hall’s latest physician flash report. Read more.
