Is Your Medical Practice on Life Support?
More independent physicians are leaving private practice to become employees of hospitals or larger group settings to avoid the complexities of government regulation and payment models than ever before. Everything from accountable care organizations (ACO’s) to bundled/gain-sharing plans and value-based payment modifiers are complicating the business side of running a medical practice and are forcing physicians to decide if it is still worthwhile to remain independent.
You do not need to become an employee to the hospital systems. Physicians who add various ancillary services to their practices are not only surviving, but thriving in private practice. One of the easiest and lucrative ancillaries to offer is physician dispensing. It is not uncommon for practices to capture significant revenue from ancillary services, offsetting market changes or delays in payment.
Across the country, physicians have incorporated ancillary services into their practice. They no longer fear new regulations will force them to sell their practice. They have the freedom to operate their practice as they see fit.
If you are looking for ways to improve your practice’s profitability and would like to hear more about the ancillary services we offer, click the link below to connect with us.
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