How physicians can join forces to remain independent
By James Sweeney | October 3, 2018
Internal medicine and other primary care practices that want to stay independent are joining together in a variety of practice models and corporate structures they hope will give them a better chance of survival.
The shift to value-based care, consolidation among healthcare providers and an emphasis on finding efficiencies are making it difficult for smaller practices to succeed alone. So they’re turning to organizations that help practices transition to value-based care by providing the administrative support, tools and negotiating leverage that comes with size.
“I think (independent) practices are looking for a way to survive. There are a lot of practices that would like to try to make it on their own and they want to find the model that lets them do that,” says Kenneth Hertz, FACMPE, principal consultant with Medical Group Management Association (MGMA).
Gene Good, JD, CPA, Chief Executive Officer of DoctorsManagement, contributed to this article. Click here to read the article on MedicalEconomics.com.