Today’s physician practices are facing many challenges – the everchanging payer relationships, implementation of value-based care initiatives, the role of physician groups within the larger healthcare system, patient satisfaction, etc. Then, there’s the everyday challenges of turnover, physician burnout, managing coding denials, the use of the EHR and the list goes on.

As the healthcare industry continues to evolve, having a high performing medical group is essential for success. A HPMG helps health care systems achieve value-based revenue models and has eight key characteristics that it needs to possess.

Physician burnout is a serious and growing concern in hospitals and physician practices across the country. As physicians work longer hours and take on more and more responsibilities, they are facing an increasing amount of stress, exhaustion and dissatisfaction with their jobs.

The complexities of managing a physician practice revenue cycle have changed little over the years … and are still tripping organizations up. From the moment a patient enters the facility to the time the service is paid for, if RCM is not managed properly, it can lead to significant financial losses.

The success of any physician practice is highly dependent on how it is managed. “Effective physician practice management helps improve patient care, reduce costs and boost practice efficiency,” says Hank Duffy, CEO at JHD Healthcare Partners.

According to a Sept. 2022, article in The New York Times, only 30 percent of physicians feel satisfied at work. Physician burnout is becoming increasingly common, and it’s having a profound impact on the medical profession. But what is it really and how is it prevented?