More doctors use personal funds to keep practices alive

To manage rising costs, declining reimbursements and health system reform, a growing number of doctors in Texas used money from their personal reserves or obtained bank loans to keep practices alive in 2010, reports American Medical News. More than half of physicians whose practices had cash flow problems drew from their own accounts to stay in business in 2010, up from 33 percent in 2008, according to early data from a Texas Medical Association survey of 3,580 member and nonmember physicians. And 33 percent took out commercial bank loans to stay afloat in 2010, while just 22 percent did so two years prior. Article