BC Advantage - 2025 Issue 7

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

<p>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.</p> <p>&nbsp;</p> <p>Staggering statistic: Only 42.2% of physicians now work in private practice, down from 60.1% in 2012 (<a title="Fierce Healthcare: Doctors continue to shift away from private practice, citing insurer payment rates...

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