Practices affiliated with or owned by hospitals, integrated delivery systems or management services organizations lost less money in 2002 than the year before, according to the Medical Group Management Association, based in Englewood, Colorado.
These system-owned or -run practices lost $75,000 per full-time-equivalent physician in 2001, compared with $89,000 in losses in 2000, the MGMA said Tuesday, referring to findings in its new report on Cost Survey for Integrated Delivery System Practices for 2002.
MGMA says these practices were able to save money through economies of scale, greater financial backing and aggressive cost-saving measures.
For example, the survey shows increased productivity for management services organizations. Median gross charges per physician were $670,429 at MSOs, an improvement over $513,218 in 2000.