When asked if the financial state of their practice was better or worse than a year ago, 35% of physicians told Medical Economics that conditions had worsened, according to the publication’s 96th Physician Report, published Dec. 29.
The report compiles physician practice growth statistics from throughout 2025. Among those who said their practices’ finances had worsened, reasons why included:
- Higher overhead (staff costs, rent/mortgage): 87%
- Lower reimbursement: 82%
- More time spent on uncompensated tasks: 69%
- Greater technology costs: 51%
- Difficulty collecting from patients: 34%
- Penalties from quality metrics contracts/pay-for-performance initiatives: 31%
- Lost revenue/increased expenses due to COVID-19: 22%
