An annual survey of costs for primary care practices find those participating in patient-centered medical home programs have higher operating costs per patient than non-participants, but also have higher medical revenue per patient.
The Medical Group Management Association’s “Cost Survey for Primary Care Practices: 2013 Report Based on 2012 Data,” is based on surveys of 969 practices. Medical homes had a median of 29 full time equivalent support staff per 10,000 patients, compared with 18.5 for other practices. Medical home practices also had more FTE providers per 10,000 patients.
The survey covers operating costs, revenue, and staffing by practice type, ownership type and number of FTE physicians, with data on family medical, internal medicine, OB/GYN and the primary care parts of multi-specialty practices. It also has CPT level procedural data on evaluation and management codes, information on upper age limits allowed for patients and types of services, among other factors.
According to MGMA, practices can dig into the data to recognize traits contributing to increased efficiency and profitability, assess medical performance for multiple key characteristics, evaluate expense and revenue measures to identify areas for improvement, analyze the effect of ancillary services, review staffing costs compared with revenue and other variables, and perform cost reduction analyses.
Survey conclusions, including a paper report with data accessible in a DataDive Web format, are available for purchase here.
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