• Industry News
  • Access and Reimbursement
  • Law & Malpractice
  • Coding & Documentation
  • Practice Management
  • Finance
  • Technology
  • Patient Engagement & Communications
  • Billing & Collections
  • Staffing & Salary

Planning for Inflation

Article

Where could I find some generic inflation factors for physician salaries, medical supplies, and other expenses such as malpractice insurance?

Question: Where could I find some generic inflation factors for physician salaries, medical supplies, and other expenses such as malpractice insurance?

Answer: According to consultant Ken Hertz, physician salaries tend to be tied to production rather than inflationary issues. They might not go up at all.

In terms of supplies, look at growth rates during the last three years for both volume and pricing.

In terms of malpractice, speak to your carrier. They often can provide a good indication of future increases.

Related Videos
Bhavesh Vadhani
Physicians Practice | © MJH LifeSciences
The importance of vaccination
The fear of inflation and recession
Protecting your practice
Protecting your home, business while on vacation
Protecting your assets during the 100 deadly days
Payment issues on the horizon
The future of Medicare payments
MGMA comments on automation of prior authorizations
Related Content
© 2024 MJH Life Sciences

All rights reserved.