Belt-tightening time

Physician investors are finding little comfort in the familiar adage that healthcare is recession-proof. It seems 2009 might be the year that proves that theory false. Data from Medical Group Management Association's (MGMA) annual Cost Survey report bear this out. The number of participants who...

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Bibliographic Details
Published in:Modern Healthcare 2009-01, Vol.39 (2), p.33
Main Author: Kirchheimer, Barbara
Format: Article
Language:English
Subjects:
Chief executive officers
Collection services
Efficiency
Forecasts
Group medical practice
Health care
Hospitals
Physicians
Polls & surveys
Recessions
Surgery
Online Access:Get full text
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Summary:Physician investors are finding little comfort in the familiar adage that healthcare is recession-proof. It seems 2009 might be the year that proves that theory false. Data from Medical Group Management Association's (MGMA) annual Cost Survey report bear this out. The number of participants whose practices are hospital-owned has risen 2% to 3% per year during the past four years, MGMA president/CEO William Jessee said. Sarah Holt, administrator for the Cape Girardeau Surgical Clinic, a medical group of six general surgeons, said the group practice has put the brakes on plans to hire another general surgeon and instead plans to cover its growing workload with midlevel providers such as physician assistants.
ISSN:0160-7480
1944-7647