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How will the emerging trend take shape? Is it good for medicine - for doctors? And will there still be a place for independent physicians?
The environment is tougher than ever. Proactive revenue management and direct pay models provide opportunities for small practices
Changes in the economics of health care are forcing many independent practices to join or sell out to large health care organizations. For practices that value their independence, creating virtual networks with other independent practices can provide the size to remain competitive and thrive. These groups can include independent practice associations, management service organizations, or loosely affiliated group practices. Any group will still need to serve the individual practices and be structured to avoid anti-trust concerns.
When physicians move from a private practice in which they have some ownership stake to a purely employed setting, they can experience significant psychological and emotional effects. This article identifies issues physicians should consider before they sell.
The author describes a succession planning strategy the can help solo family physicians minimize headaches and maximize the value of the practice.
A family physician explains how he chose to operate a "no-insurance" practice that also gives him and his patients enough time to develop a quality physician-patient relationship during office visits.
A solo family physician's argument that solo practice is the magic model for the future of family practice in that it encourages a bias for action, staying close to the customer/patient, keeping things simple, being hands-on and value-driven, consistency of purpose and an emphasis on long-term profits-the key characteristics of excellent organizations.
Written by a solo family physician who has been in practice for over 25 years, the article explains why self-employed practice is desirable and offers strategies for making it work.