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Medical Groups Grapple with Labor Cost Challenges
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Medical groups face significant financial challenges due to labor costs, with a median loss of over $249,000 per physician in 2023. Staffing shortages and rising labor costs are exacerbating the issue, prompting medical group executives to focus on staffing needs and implement strategies like telehealth and automation to enhance operating efficiencies.
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How might the increasing use of telehealth impact the efficiency and effectiveness of medical services?
In what ways could the focus on staffing needs and automation influence the future of medical group operations?
What are the potential implications of rising labor costs on the overall healthcare industry?
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