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The Second Annual Practice Profitability Index

White Paper Published By: CareCloud
CareCloud
Published:  Jul 30, 2014
Type:  White Paper
Length:  10 pages

The 2nd annual Practice Profitability Index (PPI) was created to gauge the operational and financial health of private practices. Thanks to the insights provided by over 5,000 physicians, the report underscores challenges that make staying profitable a demanding task for today’s physician practices – and what they’re doing about it.

Key report findings:

  • 39% of physicians see overall profitability trending downward
  • 60% say declining reimbursements are the greatest threat to profitability
  • 70% spend at least 1 day per week on paperwork instead of treating patients
  • Nearly 1 in 4 physicians are considering selling their practices
  • Providers' thoughts on health IT, patient engagement programs, and more…