After a rocky start to 2022, many physician groups saw early evidence that financial performance may be stabilizing as patient volumes and revenues improved in March, Fierce Healthcare reports.
However, higher volumes also contributed to higher investments and subsidies needed to support physician practices and ongoing expense increases as practices contend with inflation and a tight labor market, according to Kaufman Hall’s latest report.
For the first time in two years, the median investment/subsidy per physician full-time equivalent surpassed levels seen during the start of the COVID-19 pandemic. The metric jumped 14.4% from the fourth quarter of 2021, climbing to $288,000 in the first quarter of 2022. That’s up 1.5% compared to the first quarter of 2020 and an 8.9% increase from the same quarter last year. Read more.
