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Q: physician practice overhead data ( Answered 4 out of 5 stars,   0 Comments )
Question  
Subject: physician practice overhead data
Category: Business and Money
Asked by: laurelferris-ga
List Price: $50.00
Posted: 19 Aug 2005 07:28 PDT
Expires: 18 Sep 2005 07:28 PDT
Question ID: 557666
I am looking for data on overhead percentages within small surgical
practices in the USA (ie, 1-3 physicians). Specifically, in small
practices with an annual gross >$1 million per physician, what
percentage of gross revenues goes towards covering all overhead
practice expenses, excluding physician compensation and pension
contributions? What is the normal range? Is there data specific to
geographical areas?

Request for Question Clarification by websearcher-ga on 19 Aug 2005 07:55 PDT
Hi laurelferris:

The best I was able to find for you on this topic was at:

Expense survey: What to spend, what to cut
URL: http://www.memag.com/memag/article/articleDetail.jsp?id=143141

This article has two charts that would be of interest to you:

What 10 Specialties Spend on Overhead
URL: http://www.memag.com/memag/data/articlestandard//memag/032005/143141/i2.gif

What Other Specialities Spend On...
URL: http://www.memag.com/memag/data/articlestandard//memag/032005/143141/i4.gif

This data was gathered from the industry standard, "Statistics:
Medical and Dental Income and Expense Averages, 2004 Report Based on
2003 Data", published by the National Association of Healthcare
Consultants, The Society of Medical-Dental Management Consultants, and
the Academy of Dental CPA's.

To obtain the full report costs $795 for non-members - but a single
specialty report can be obtained for $249 for non-members. More
information can be found here:

National Association of Healthcare Statistics - Statistics Program
URL: http://www.healthcon.org/statistics.html
Quote: "The report contains information from over 42 states, 6,500
doctors and 3,200 practices. It covers 56 Dental and Medical
Specialties Including Family Practice, Internal Medicine, Obstetrics &
Gynecology, Psychiatry, General Dentistry, Orthodontics, Veterinary
Medicine, and more."

Does this information suffice as an answer to your question? May I
post it as an Answer, or do you need more clarification from me?

Thanks. 

websearcher

Clarification of Question by laurelferris-ga on 19 Aug 2005 18:51 PDT
Here is the bottom-line information I am seeking. I need data
(published if possible) on overhead percentages within established
(10+ years) elective aesthetic facial plastic surgery practices (ie,
members of the American Academy of Facial Plastic & Reconstructive
Surgery). I am most interested in Minneapolis/St. Paul area. The
nearest comparable field is general plastic surgery (members of the
American Society of Plastic Surgeons). I haven't checked the links you
cited yet. Do you think this fine a distinction can be drawn from
those sites? (if so, there's a bigger price tag!)

Request for Question Clarification by websearcher-ga on 19 Aug 2005 20:44 PDT
Hi laurelferris:

I have contacted the developers of this data with regards to the level
of granularity they can offer. I'll let you know what they say.

websearcher

Request for Question Clarification by websearcher-ga on 30 Aug 2005 06:36 PDT
Hi laurelferris:

I did not recieve any reassurance that the data at this site would
answer your specific query. I hope another researcher can help you
further.

websearcher

Clarification of Question by laurelferris-ga on 30 Aug 2005 16:42 PDT
This seems good. It didn't say if the data breaks down by size of
practice, does it? Thanks for researching this. I really appreciate
your pursuing it for me. Post as an answer.
Answer  
Subject: Re: physician practice overhead data
Answered By: websearcher-ga on 31 Aug 2005 05:07 PDT
Rated:4 out of 5 stars
 
Hi laurelferris:

Thanks for accepting what I've found as an answer. I had another look
at the information available about the data and there is no indication
whether the data is split out by size of practice. (However, there's
also no indication that it isn't either!) It is unfortunate that they
wouldn't be more specific with me when I emailed them.

websearcher

************************************
Expense survey: What to spend, what to cut
URL: http://www.memag.com/memag/article/articleDetail.jsp?id=143141

This article has two charts that would be of interest to you:

What 10 Specialties Spend on Overhead
URL: http://www.memag.com/memag/data/articlestandard//memag/032005/143141/i2.gif

What Other Specialities Spend On...
URL: http://www.memag.com/memag/data/articlestandard//memag/032005/143141/i4.gif

This data was gathered from the industry standard, "Statistics:
Medical and Dental Income and Expense Averages, 2004 Report Based on
2003 Data", published by the National Association of Healthcare
Consultants, The Society of Medical-Dental Management Consultants, and
the Academy of Dental CPA's.

To obtain the full report costs $795 for non-members - but a single
specialty report can be obtained for $249 for non-members. More
information can be found here:

National Association of Healthcare Statistics - Statistics Program
URL: http://www.healthcon.org/statistics.html
Quote: "The report contains information from over 42 states, 6,500
doctors and 3,200 practices. It covers 56 Dental and Medical
Specialties Including Family Practice, Internal Medicine, Obstetrics &
Gynecology, Psychiatry, General Dentistry, Orthodontics, Veterinary
Medicine, and more."
laurelferris-ga rated this answer:4 out of 5 stars

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