The Medical Group Management Association (MGMA) conducted member research in July 2017 to better understand the cost and challenge of complying with federal government regulations and mandates.
The results of the Medical Group Management Association (MGMA) 2017 Regulatory Burden Survey reveal there are no shortage of opportunities to reduce regulatory burdens on physician practices.
The survey includes responses from 750 group practices, with the largest representation from independent medical practices with 6 to 20 physicians. You can view the full survey results here.
Below are some key findings.
What does this mean for your practice?
As your practice looks to improve the coordination of patient care and enhance operational efficiency, the financial impact to comply with federal regulations is a concern. If you’re interested in learning more about funding options to grow your practice, talk to Provider Web today and see how we can help.