Economy: Physican's Collections Becoming More Challenging

With the current state of the economy, an MGMA survey finds the biggest challenges for practices are covering expenses and getting paid by patients. Physicians who were already concerned with the financial success of their practices last year are getting even more worried this year because of the economy and threat of collecting from their patients.

The "Medical Practice Today: What Members Have to Say," MGMA survey found, for the second year, that the top two challenges for physician practices are rising operating costs and declining revenue, and maintaining compensation levels in the face of declining reimbursement rates.

Read the full article at American Medical News, or click here:

http://www.ama-assn.org/amednews/2009/08/31/bisa0831.htm