Tell us: How healthy are your practice's finances?

Between flat reimbursements, rising overhead and mounting claim denials, the financial pressure on medical practices has rarely felt heavier. Physicians Practice wants to know how yours is holding up.

The American Medical Association found that just 42.2% of physicians were in privately owned practices in 2024, down 18 percentage points from 2012, with inadequate payment rates, costly resources and administrative burden driving the trend. The CMS 2025 physician fee schedule conversion factor dropped nearly 3% from 2024, adding further strain to practices already stretched thin.

A 2025 MGMA report on the state of private medical practice found that while many independent practice leaders report declining optimism, they are actively pursuing new business models and strategic partnerships to ensure long-term sustainability. From revenue cycle management to payer contract negotiations to decisions about mergers and affiliations, the choices practices make today will shape whether independent medicine survives the decade.

A 2024 survey of small private practice owners found that 70% of those who added ancillary services considered them easy to implement and financially beneficial, suggesting that practices willing to adapt are finding workable paths forward.

Physicians Practice is gathering data on practice financial health to better understand where physicians and administrators stand and what they need most. The survey takes just a few minutes and covers everything from revenue trends and accounts receivable benchmarks to staffing costs and the long-term viability of independent practice.

Take the survey here.