Net income at orthopedic group practices increased 2% to a median $534,928 in 2004, but larger groups enjoyed healthier increases, according to a survey by the Medical Group Management Association. Groups reported net income, defined as median total medical revenue after operating costs, of $523,284 in 2003. Meanwhile, median compensation for orthopedists fell about 0.1%. Practices with six or fewer full-time physicians saw net income drop 2.6%. Those with seven to 12 physicians reported a median increase of nearly 8%, and those with 13 or more physicians had an increase of about 5%. -- by Michael Romano
Orthopedic groups report slow profit growth: MGMA
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