Physicians are increasingly leaving private practices to join hospital networks, states a new report from the Physicians Advocacy Institute. From July 2016 to January 2018, hospitals in the United States acquired approximately 8,000 private medical practices. Over the same period, … [Read more...]
More Doctors Choosing Hospitals over Private Practices
April 25, 2019 By: Ashley Herzog Published by The Heartland Institute From July 2016 to January 2018, hospitals in the United States acquired approximately 8,000 private medical practices. Over the same period, 14,000 physicians left private practice to work for hospitals. In … [Read more...]
Physician merger team and practice administrators
Sometimes the question is raised: “Should the administrators or office managers serve on the merger committee or merger team?” My experience shows that it is not advisable to place them on either team, although they will play critical roles throughout the process. Merging groups tend to … [Read more...]
When merging physician medical practices, look at for these – they will derail your merger plan
Continued Resistance Inability to Compromise Lack of “Group-Think” Sacred Cows Hidden Agendas Clashing Personalities Inability to Make Decisions Staking out Leaderships Roles too Early … [Read more...]
Advantages of Forming a Merged Group Practice
In case you have not thought of some of the benefits of merging physician medical practices: Increased Revenues From Same Practice Production Reduced Overhead Managed Care Contracting Technology Upgrade Capability New Revenue Streams Call Coverage Clinical Staff Leverage … [Read more...]
Post-transaction consequences of selling out to a hospital
We all hear, read, and talk about physicians selling their medical practices to hospitals. And we all hear, read, and talk about the pros and cons of doing so. I recently had a client sell out to a hospital and thought you might be interested in this little snippet from an email I received … [Read more...]