AMGA: Southern group losses per doctor = $6,049

A new report from the American Medical Group Association finds that group practices on average lost $119 per physician in 2006 with the biggest losers being in the South.

Although this is a clear improvement over last year’s findings (-$1,264 per physician) and most regions experienced improvement, medical groups in the Southern region continue to operate at a significant loss (-$6,049 per physician). In 2005, these groups were operating at an average loss of $1,539 per physician, and in 2004 they were operating at an average loss of $1,365 per physician. Medical groups in the Eastern and Northern regions also continue operating at a loss (-$3,727 and -$2,944 per physician, respectively), although Northern groups have seen substantial improvement since 2005 (-$8,111 per physician). Groups in the Western Region were performing much better — at $17,317 per physician — a significant improvement over last year ($7,970 per physician).

Doctors in group practices did, however, see increases in compensation in 2006 (4% for primary care and 4.8% for specialists). These were significantly better increases than the Medical Group Management Association found in its report.

2006 Medical Group Data Finds Financial Losses in Most Regions, Despite Performance Improvement and Modest Increases in Physician Compensation [Via The American Medical Group Association]

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From Medical Economics magazine, more on income ...

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