No one in healthcare escaped the dramatic impacts of the COVID-19 pandemic, but quantitative research and stories from the front lines of care delivery make it clear: The response and recovery looked significantly different between physician group practices and hospital-owned entities.
Common threads united healthcare provider organizations since early 2020: concern for patient and staff safety, heightened stress, uncertainty, burnout and — eventually — the feelings of relief as safe and effective vaccines rolled out to begin controlling the spread of the coronavirus.
Yet as the industry's recovery continues, there are stark differences in the financial realities for medical practices throughout 2020, largely divided on lines of practice ownership.
The 2021 MGMA Cost and Revenue survey report collected data on more than 4,000 organizations from a variety of specialties and practice types, serving as a baseline for benchmarking 2021 operations. This data report reveals key trends from this new survey report, paired with expert insights from industry leaders and MGMA member feedback, to round out the history of healthcare's 2020 pandemic response and guide practice leaders as they strategize for the post-pandemic future in 2022 and beyond.
Download the report here.
MGMA DataDive Cost and Revenue offers precise focus on your comprehensive financial prosperity. This dataset includes benchmarks on expenses, charges and revenue to guide your medical practice in determining what, where and how to improve.
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