According to a 2019 Medical Economics annual Physician Report:

More than 70 percent of physicians indicated uncompensated tasks, such as prior authorizations, were the primary cause of lost productivity and revenue. Other factors included:

  • Higher overhead
  • Lower reimbursement
  • Greater technology costs
  • Government regulations
  • Difficulty collecting from patients
  • Penalties for missed quality metrics

About 22 percent of physicians said their compensation increased. The primary reasons included:

  • Seeing more patients
  • Change in practice model
  • Receiving pay-for-performance
  • Renegotiated payer contracts
  • Addition of ancillary services

What do you need to be on the look-out for in your agreements?