2009 national practice benchmark: report on 2008 data

Abstract

Many oncology practices have responded to rising supply costs and decreasing reimbursements by examining their operational processes and working to reduce costs and enhance practice efficiency.

Figure 1.

Oncology trends per full-time equivalent physician. Trend line is third-order polynomial. Data from 1991 to 2003 from Medical Group Management Association (Englewood, CO); data from 2004 to 2008 from Oncology Metrics (Fort Worth, TX).

Figure 2.

Revenue distribution in 2008.

Figure 3.

Revenue and expenses per full-time equivalent hematology/oncology physician. COGPF, cost of goods paid for.

Figure 4.

Percent change in physician compensation from 2007 to 2008 in Oncology Circle practices.

Figure 5.

Staffing levels per full-time equivalent hematology/oncology physician. Chemo admin, chemotherapy administration; NPP, nonphysician practitioner.

Figure 6.

Average revenue per full-time equivalent hematology/oncology physician. NPP, nonphysician practitioner.