HSG’s own Dr. Terry Mcwilliams was recently interviewed by Leigh Page and quoted in the recent Medscape online article COVID-19 and Physician Income: Some Are Suffering While Others Are Not.
Dr. McWilliams is quoted as saying “all of us are wondering what’s going to happen next, and almost everything is speculation” as it relates to the current COVID-19 Pandemic and it’s impact on physician income.
Additionally, as it relates to accounts receivable and the current situation, Dr. McWilliams states “A lot of the A/R [accounts receivables] for practices come within 30 days, and very little comes in after 90 days… So private practices are reaching the point where A/R will start to dwindle and they will start feeling the decline in new claims submissions.”
Read the full article published by Medscape and learn more about the hardest hit specialties, the specialists not yet impacted , and a preview of what is yet to come as it relates to physician income resutling from COVID-19.
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HSG builds high performing physician networks so health systems can address complex changes with confidence. From boosting market power and financial strength to preparing for value-based care, HSG can help you define your strategy, implement that strategy, and manage your physician network short or long-term. HSG, a Louisville-based, national healthcare consultancy firm, can be reached via their website, LinkedIn, by emailing info@hsgadvisors.com, or by calling (502) 814-1180.
