Archive for the Week of April 16, 2020
Archive for the Week of April 16, 2020
Welcome to the medical billing blog archive for the week of April 16, 2020.
Here you will find links to every article added to the Outsource Management Group web site during the week of April 16, 2020.
You can browse this week's archives by clicking the "More" button from any of the excerpts below.
97% of Physician Practices have been Financially Affected by COVID-19
According to Medscape, a recent survey shows that almost half of medical practices are having to furlough Staff, and 1 in 5 have had to layoff staff due to the financial strain of COVID-19. “Clinicians all over the country already likely know this, but a survey by the Medical Group Management Association (MGMA) makes it official: 97% of physician practices have experienced negative financial effects directly or indirectly related to COVID-19. The survey, which was conducted April 7 – 8, also shows that 55% of practices have seen a decrease in revenue, and 60% have experienced a decline in patient volume since the beginning of the COVID-19 crisis. A significant …
