BC Advantage - 2025 Issue 7

The Shrinking Private Practice: Why Billing Expertise Can Be a Lifeline

As a professional in the field of medical billing and revenue cycle management (RCM), I've witnessed firsthand the mounting pressure on independent physicians. But recent data from the American Medical Association (AMA) underscores a trend that many in the healthcare world have felt coming for years: The decline of private practice is accelerating. Staggering statistic: Only 42.2% of physicians now work in private practice, down from 60.1% in 2012 (Fierce Healthcare).    Taking Advantage of a Downward Trend The good news? The private practices still in operation are realizing more than ever that every penny counts...

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