Physician practices across the country stayed busy throughout the second quarter of 2022, as physician productivity and revenues all rose with higher patient volumes between the first and second quarter of the year. However, higher volumes also contributed to higher investments/ subsidies to assist physician practices. They also led to continued expense increases as practices contend with inflation and a tight labor market.
Operating costs, largely driven by labor expenses, continue to rise and have reached their highest level in the last six quarters. And as growing volumes indicate, providers worked hard to meet higher patient demand.
The Physician Flash Report features the most up-to-date industry trends drawn from the same data physician groups use to track their finances and operations. For more detailed benchmarks by specialty or custom peer groups, please email PhysicianFlashReport@kaufmanhall.com.
View the July 2022 Physician Flash Report