Top 15 Florida physician groups by Medicare charges

What are the top Florida physician groups with the most Medicare charges?

HCA Florida Healthcare Physicians, based out of Sebring, Florida, is in first place on our list with $6.9 billion in Medicare charges. This physician group also has the most physicians with over 8,000 members. The practice is a single- and multi-specialty group with their primary specialty in internal medicine. HCA Florida Healthcare Physicians is also the top physician group in the nation by Medicare payment volume.

Florida Cancer Specialists and Research Institute is second on the list with $2.7 billion in Medicare charges. Based out of Fort Myers, it is also a single- and multi-specialty group with a primary specialty in hematology/oncology.

Interestingly, Florida Cancer Specialists and Research Institute has nearly 7,800 fewer physicians than HCA Florida Healthcare Physicians. The number of physicians ranges considerably across the list of 15 groups- from 303 to 8,117 physicians.

Boynton Beach-based Bethesda Hospital East is slightly behind in the number-three spot with $2 billion in Medicare charges.

Every physician group on this list is a single/multi-specialty group, which indicates that the organization uses its premises and resources to offer patients at least one or more types of care.

What is a physician group?

A physician group (also known as a physician medical group) practice is comprised of at least one physician operating as an organization to provide care to patients.  Physician group types include private practices (i.e. a solo physician owns and manages their own office), or group practices (i.e. two or more physicians administer care within the same facility). Group practices can be classified as single-specialty and multi-specialty.

While physicians can work exclusively at a physician group practice, it’s common for physicians to be also employed by another organization such as a hospital. Some organizations operate only one location, while other physician groups run hundreds of facilities.

What are the advantages and disadvantages of a group medical practice?

When medical groups are larger in size, they are able to reach a broader patient population and can take on greater financial and clinical risk (e.g. treating higher-risk patients or performing more specialized procedures).

Physicians who are a part of an independent physician group can enjoy greater scheduling flexibility, more financial security, and better employee benefits.

Although operating as a group can be a more reliable choice for physicians than entering solo practice, a physician group may not provide as much administrative support or cover financial risks in the way that larger institutions like hospitals can.

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