1 in 5 medical practices saw a 50% revenue drop in 2020

Statistic Info

Medical practices have seen a nearly one-third drop in their average revenue this year, according to a new survey from the American Medical Association (AMA).

“Physician practices continue to be under significant financial stress due to reductions in patient volume and revenue, in addition to higher expenses for supplies that are scarce for some physicians,” said AMA President Susan R. Bailey, M.D. in a statement.

“More economic relief is needed now from Congress as some medical practices contemplate the brink of viability, particularly smaller practices that are facing a difficult road to recovery.”

Author: Fierce Healthcare

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