Maintaining Practice Profitability: No Easy Feat

Frank B. Kelly, MD, and Mary Ann Porucznik

The economics of an orthopaedic practice are rapidly changing, according to Michael J. McCaslin, CPA, and current revenue sources are likely to shift in importance going forward. Mr. McCaslin shared his thoughts on “Maintaining Practice Profitability in 2020” during the 2015 AAOS Now Forum on Orthopaedic Economics.

“Professional services revenues for private practices are likely to be flat to declining,” said Mr. McCaslin, “as the shift from fee-for-service to value-based payments continues. But working more hours is not the answer.”

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