Provider Financial Pressures Mount in 2023
Andy Sobczyk, MHA, FACMPE
Feb 8, 2023
Journal of Medical Practice Management
Volume 38, Issue 4, Pages 151-152
After a turbulent year in 2022, provider groups will enter 2023 with significant headwinds via external economic factors and industry-specific reimbursement challenges. Optimizing revenue through core services and managing tighter expense budgets will be critical as our industry weathers this recessionary environment. These factors may further accelerate the consolidation we have seen in previous years as health systems grow and merge and as private equity expands its reach into the provider space.
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