COVID-19 taking toll on practice's bottom line? Get help on hard calls
from American Medical Association
With revenue falling and so much uncertainty, practices of all sizes are facing enormous challenges balancing revenue and expenses. Labor costs usually make up the highest percentage of expenses for a practice — including employee wages, benefits, payroll and related taxes — and that fact is leading many practices to reevaluate employee contracts. Employment in physician offices fell by 12,000 from February through March 2020.
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