Can you afford to keep practising? Family medicine finances transformed by COVID-19 in Alberta.
Can Fam Physician
; 67(11): e306-e311, 2021 11.
Article
in English
| MEDLINE | ID: covidwho-1515745
ABSTRACT
OBJECTIVE:
To estimate the impact of the coronavirus disease 2019 (COVID-19) pandemic on FP finances in Alberta.DESIGN:
A financial model that included fees, visits per day, number of days of practice, and overhead costs.SETTING:
Alberta before, during, and after the COVID-19 pandemic.PARTICIPANTS:
Hypothetical fee-for-service FP practices.INTERVENTIONS:
Changes in practice modes caused by the pandemic and changes to fees set by the Government of Alberta (no interventions were controlled by the researchers). MAIN OUTCOMEMEASURES:
Annual average FP billings and annual average FP income after overhead expenses.RESULTS:
Practice changes related to COVID-19 could result in a reduction in average FP income (billings after expenses) of 27% to 78%.CONCLUSION:
Practice pattern changes, including the rapid adoption of telemedicine owing to the COVID-19 pandemic, will reduce incomes for fee-for-service community FP practices in Alberta. Fees at current levels could make some practices unsustainable.
Full text:
Available
Collection:
International databases
Database:
MEDLINE
Main subject:
Pandemics
/
COVID-19
Type of study:
Experimental Studies
/
Prognostic study
Limits:
Humans
Country/Region as subject:
North America
Language:
English
Journal:
Can Fam Physician
Year:
2021
Document Type:
Article
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