Physician-Owned Practices Spent $32,000 Per Physician On Health Information Technology In 2015

Physician-owned multi-specialty provider organizations spent about $32,500 per full-time physician to implement, upgrade, and maintain health information technologies (IT) during 2015. The cost includes equipment, staff, maintenance, and related expenses. The $32,500 per physician cost in 2015 is about 40% higher than the $19,500 per physician that physician-owned multi-specialty practices spent in 2009.

These findings were reported by the Medical Group Management Association (MGMA) in “Cost and Revenue: 2016 Report Based on 2015 Data.” For this report, MGMA surveyed health care organizations in the United States about their use of health information . . .