Organizations can help docs retain their independence

Organizations can help docs retain their independence

(HealthDay)—Ways for physicians to remain in independent practice are highlighted in an article published Aug. 7 in Medical Economics.

Many are leaving independent practices and joining hospital systems as employees. However, to maintain autonomy, some physicians are joining organizations such as independent practice associations (IPAs). Advantages of IPAs include strengthening negotiation power by being aligned with other physicians, and sharing data, allowing physicians access to technology that they would not be able to afford independently.

According to Medical Economics, other alliances may suit physicians, with physician-hospital integration an appealing approach for some physicians, and independent practice groups another option. Finding high-impact savings is important, with building costs and personnel costs the biggest expenses. Physicians must also consider billing practices, collection from patients, re-examining fee schedules, and buying consortiums.

"IPAs are just one possible way to become more productive, free yourself from time-draining minutiae, and trim unnecessary costs to preserve your independence—without sacrificing your relationships with patients," according to the article.

More information: More Information

add to favorites email to friend print save as pdf

Related Stories

Tips offered for improving practice financial management

Jul 03, 2014

(HealthDay)—Establishing clear financial policies for practices and making it easy for patients to pay are two suggestions for improving practices' financial management, according to an article published ...

IPAs and PHOs viable option for small independent practices

Aug 09, 2013

(HealthDay)—For small and medium-size independent practices, sharing care management and information technology resources with other practices through an independent practice association (IPA) or physician-hospital ...

Three opportunities presented for practice growth

Jul 04, 2014

(HealthDay)—Maximizing the growth potential of a practice over time requires physicians to consider various opportunities, including increasing the size of medical groups, embracing technology, and use ...

Recommended for you

Health woes to worsen due to climate change, study warns

12 minutes ago

(HealthDay)—Coupled with worldwide marches demanding action on climate change, a new study warns that rising temperatures and altered weather patterns in the United States may soon exacerbate many existing ...

Lifestyle changes and new technology can ease elders' lives

1 hour ago

If we embrace lifestyle changes and new technology, we improve our prospects of staying healthy in old age, getting good care and reducing our dependence on others. This is the message of a new report summarizing the conclusions ...

User comments