Financial obstacles such as declining reimbursements and increased costs are among the challenges faced by health care practitioners, Gunster shareholder Bruce D. Lamb recently told the Tampa Bay Business Journal. Specifically adding to the pressure are the increased costs of contracting, billing and collection efforts.
One factor driving office consolidation is that managed care companies often won’t work with small practices, Lamb told the Journal.
In light of these and other financial burdens, area banks are making efforts to help doctors meet their cash flow needs.
Read the entire May 18 article, Banks write Rx for health care finance ills.
