Operating costs for a physician working full time increased in 2011 from the prior year, though costs grew more slowly for physician-owned groups than for hospital-owned practices, according to a medical management group's survey.
Operating costs per full-time doctor working in a physician-owned multispecialty practice climbed roughly 1.3% last year to total $528,182, the survey by the MGMA-ACMPE, formerly the Medical Group Management Association, found. That's compared with a 6.5% increase, to $387,586, in operating costs for a doctor working in a practice owned by a hospital or an integrated delivery system.
Medical revenue for physicians working in doctor-owned practices increased 3% from 2010 to $892,634. For physicians working in a hospital or integrated delivery system, revenue per doctor climbed 8% to $538,803.