In the July/August issue of Healthcare Finance News there was an article titled ‘Physicians Fleeing Private Practice.’ To add insult to injury, there are two more reasons why this trend is likely to continue or even accelerate: Governmental audits and breaches of protected health information (PHI).
Audits and PHI are on the rise in physician practices and groups, threatening revenue streams at levels never seen before due to fines and penalties. These problems have seen considerable attention by the press and the market but, for the most part, related primarily to the hospital setting.