Managed Care


Private practice physicians find dual role challenging

MANAGED CARE January 2005. © MediMedia USA
Compensation Monitor

Private practice physicians find dual role challenging

MANAGED CARE January 2005. ©MediMedia USA

When it comes to balancing the role of business owner and practicing physician, many private practice doctors are having a tough time of it. One quarter of the physicians surveyed by American Express describe maintaining the dual role as "extremely challenging," while 58 percent describe it as "challenging."

Nearly half (43 percent) of all physicians surveyed report spending the equivalent of at least one full day per week (defined as seven hours) managing their business, with specialists spending more time on the business of their practices overall. According to the survey, 24 percent of oncologists, 22 percent of rheumatologists, and 20 percent of urologists report that they or their partners spend at least 21 hours per week managing their practice.

And the workload isn't getting any lighter. The survey also asked how the physician's patient volume has changed over the past year, with 61 percent reporting that it increased, 31 percent reporting no change, and 8 percent reporting a decrease. But that doesn't translate into more revenue, according to the survey — 36 percent of physicians said their revenue increased, 34 percent said it stayed the same, and 31 percent said it decreased over the past year.

Increases in patient volume...... don't translate into more revenue



2014 Annual HEDIS® and Star Ratings Symposium Nashville, TN November 3–4, 2014
PCMH & Shared Savings ACO Leadership Summit Nashville, TN November 3–4, 2014
Medicare Risk Adjustment, Revenue Management, & Star Ratings Fort Lauderdale, FL November 12–14, 2014
World Orphan Drug Congress Europe 2014 Brussels, Belgium November 12–14, 2014
Healthcare Chief Medical Officer Forum Alexandria, VA November 13–14, 2014
Home Care Leadership Summit Atlanta, GA November 17–18, 2014
6th Semi-Annual Diagnostic Coverage and Reimbursement Conference Boston December 4–5, 2014
Customer Analytics & Engagement in Health Insurance Chicago December 4–5, 2014
Pharmaceutical and Biotech Clinical Quality Assurance Conference Alexandria, VA December 4–5, 2014
9th Semi-Annual Medical Device Coverage and Reimbursement Conference San Diego December 5, 2014
8th Annual Medical Device Clinical Trials Conference Chicago December 8–9, 2014
HealthIMPACT Southeast Tampa, FL January 23, 2015