Navigation Links
Survey: Small Medical Practice Confidence Index Rises in 2012
Date:1/24/2012

SAN FRANCISCO, Jan. 24, 2012 /PRNewswire/ -- Forty-five percent of doctors in small or medium-sized practices report that their practice is doing better this year compared to last according to a survey released today by Practice Fusion, the free, web-based Electronic Medical Record (EMR) company. The second annual State of the Small Practice report also showed that technology has made things easier for over 60 percent of US medical providers in private practice. Administrative costs, insurance and reimbursement issues continue to be major burdens in a rapidly changing health care climate defined by government reform, technology mandates and an unfavorable nationwide economy.

(Logo: http://photos.prnewswire.com/prnh/20091118/PFLOGO)
(Photo: http://photos.prnewswire.com/prnh/20120124/SF40622)

Key Findings:

  • 45 percent of doctors report that their practice is doing better this year compared to last year while 14 percent report that their practice is doing worse and 33 percent report no change.
  • In the 2011 State of the Small Practice Survey, only 26 percent reported that their practice was doing better than the year before, while 41 percent reported doing worse.
  • 60 percent of small practices report that new technology has made things easier.
  • 26 percent of practices use computers that are less than a year old. Thirty-eight percent report that the computers in their practice are over three years old, a major improvement from 73 percent the previous year. (Seven percent of practices have computers in the five to six-year-old range, down from 21 percent in 2011.)
  • An overwhelming 89 percent of doctors report being satisfied or extremely satisfied with their career despite challenges, a 20 percent increase from the year before.
  • Most practices ranked insurance and reimbursement as the top negative pressure (69 percent), followed by patient compliance issues (64 percent) and practice administration concerns (48 percent).
  • Positive trends are led by advancements in medicine (68 percent), patient compliance (53 percent) and improvement in the healthcare workforce (51 percent).

"We are witnessing a transformation in American medicine," said Ryan Howard, CEO of Practice Fusion. "On the one hand, small practice doctors are struggling with rising costs and lower reimbursement rates. On the other hand, technologies such as Practice Fusion's free EMR system are helping thousands of medical practices across the country to increase efficiency, eliminate paper charts, qualify for federal EMR incentives and provide top quality care to their communities."

Practice Fusion's EMR system provides charting, scheduling, e-prescribing, lab integrations and referral letters at zero cost to small and medium-sized ambulatory practices. View the 2011 State of the Small Practice infographic. Raw data from the 2011 and 2012 surveys is available for free upon request. Practice Fusion is also offering physician sources from across the country ready to talk about their own experiences managing a small practice.

The 2012 State of the Small Practice study was conducted by an internet survey with a national sample of 1,000 practices gathered through Practice Fusion's platform. Medical providers were asked to provide responses to a series of multiple-choice survey questions based on last year's data. In the previous year, the study was conducted on the MDLinx platform using a national sample of 100 small practice physicians using a series of open-ended questions. View results from the 2011 State of the Small Practice survey.

About Practice Fusion

Practice Fusion provides a free, web-based EMR  system to physicians. With charting, scheduling, e-prescribing (eRx), lab integrations, referral letters, Meaningful Use certification, unlimited support and a Personal Health Record for patients, Practice Fusion's EMR addresses the complex needs of today's healthcare providers and disrupts the health IT status quo. Practice Fusion is the fastest growing EMR community in the country with more than 130,000 users serving 30 million patients. The company closed a $23 million Series B round of financing led by Founders Fund in 2011. For more information about Practice Fusion, please visit practicefusion.com.

Press Contact – Helen Phung
Email: helen@practicefusion.com 
415-992-7726

Available Topic Expert(s): For information on the listed expert(s), click appropriate link.

Ryan Howard
https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=93794

 


'/>"/>
SOURCE Practice Fusion
Copyright©2010 PR Newswire.
All rights reserved

Related biology technology :

1. Dry Eye Survey: Ophthalmologists Cite Treatment Limitations/Gaps in Treatment of Moderate to Severe Dry Eye
2. How well does protective headgear work for small children engaged in Winter activities?
3. LoneStar Heart Acquires Worldwide Exclusive Rights to New Class of Small Molecules That May Lead to New Treatments for Diabetes
4. The worlds smallest magnetic data storage unit
5. Graphene quantum dots: The next big small thing
6. Smaller and more powerful electronics requires the understanding of quantum jamming physics
7. Navy researchers investigate small-scale autonomous planetary explorers
8. The worlds smallest steam engine
9. The smallest conceivable switch
10. Researchers develop one of the worlds smallest electronic circuits
11. New technique maps twin faces of smallest Janus nanoparticles
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/27/2017)... InMed Pharmaceuticals, Inc. ("InMed") (CSE: IN; OTCQB: IMLFF), reported today ... a total of 10,672,750 common share purchase warrants have been ... from the exercise of these warrants totalled $1,387,458 and 10,672,750 ... ... this expression of confidence by our warrant holders. This infusion ...
(Date:2/27/2017)... , February 27, 2017 ... Stock-Callers.com for evaluation today, and they are: Anthera Pharmaceuticals ... Biosciences of California Inc. (NASDAQ: PACB), and Conatus Pharmaceuticals ... article on ETF Trends, market observers are growing more ... administration could enact reforms to free cash held overseas ...
(Date:2/27/2017)... , Feb. 27, 2017 Fluxion Biosciences ... Spain has been appointed as a Certified ... The IsoFlux system will be used in Genetracer Biotech,s ... to lung and colon cancer, with plans to move ... laboratory is utilizing Fluxion,s IsoFlux System to isolate, recover, ...
(Date:2/27/2017)... , ... February 27, 2017 , ... The Catalyst ... a few in the Midwest offering premix services and private label organic services. , ... laying hens, according Jos Zamzow, chief operating officer of Dynamite Marketing, which owns the ...
Breaking Biology Technology:
(Date:2/26/2017)... 25, 2017  Securus Technologies, a leading provider ... public safety, investigation, corrections and monitoring, announces the ... "Too often, too many offenders return ... jails are trying to tackle this ongoing problem ... and family members. While significant steps are underway, Securus ...
(Date:2/16/2017)...  Genos, a community for personal genetic discovery ... Laboratory Accreditation from the College of American Pathologists ... that meet stringent requirements around quality, accuracy and ... "Genos is committed to maintaining the highest ... to be receiving CAP accreditation," said Jill ...
(Date:2/9/2017)... 9, 2017 The biomass boiler market report ... biomass boiler market globally in terms of revenue (US$ ... The market for biomass boilers has been segmented on ... and country/region. The market based on feedstock type, has ... biogas & energy crops, urban residues, and others. On ...
Breaking Biology News(10 mins):