We do not need to tell you that the pandemic hit medical practices hard. As fewer patients scheduled appointments and non-essential care was paused, physicians were left with fewer options—and their revenue dropped. According to a 2020 MGMA survey, the average physician-owned practice lost between $78,000 and $175,000 in revenue per full-time doctor in 2019-2020. While we are starting to get a handle on the pandemic, that means your practice has some catching up to do. In this article, our physician and medical practice attorneys highlight some lessons we learned and suggest practical steps you can take to improve your […]
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