I have been involved facilitating a lot of physician group practice mergers. Based on my experiences, the following are a few merger myths you should keep in mind:
- Billing Will Improve
- Overhead Will Go Down
- Staff Will Be Cut
- Reimbursement Will Increase
- Behavior Will Change
- Higher Priced Management is Better Management
HOWEVER to have SUCCESS, remember this:
- Leave Your Ego at the Door
- Be Ready to Compromise
- Make the Hard Decisions Early