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Issue Date: February 1997
Strategies: Three Clinics Form a Physician Practice Management Company
Physicians seeking to remain independent while building market strength may find that consolidating several smaller physician groups or clinics into one company offers many advantages.
By combining several groups, the participating physicians form, in effect, their own physician practice management company (PPMC). By owning and operating the new entity,
Multiple Clinics Show Promise of Teamwork
Working together, individual physicians can assume many of the functions currently managed by large HMOs and other managed care organizations. When physicians pool their resources, they can establish their own management systems, improve referral procedures, tighten up protocols for disease management, decide when to hospitalize, and monitor colleagues for signs
Lessons Learned in Starting a Physician-sponsored Health Plan
Second of two parts
Breaking away from typical managed care organizations, many physicians are starting or joining physician-owned and physician-managed health plans. This movement began in state medical societies such as those in California, Florida, and Washington. But now, in New Jersey, New York, Pennsylvania, and other
Understanding the Struggle Between Doctors and Hospitals
Q:The relationship between physician practices and hospitals seems to be in an uneasy, even unstable, state today. Vertical integration, or the purchase of physician practices by hospital groups, no longer seems to as attractive as it once was for physicians or hospitals. In addition, physician practice management companies appear
Selecting Managed Care Software
High levels of managed care penetration mean physicians and group managers need sophisticated information systems to manage the myriad details required to run a practice efficiently and profitably. Traditional billing systems rely heavily on manpower and paperwork and thus may be inefficient for managing sophisticated contracts. In particular, capitation, electronic
Capital Investment in Physician Groups Grew Sharply in 1996
This column takes a brief look at the growth, venture capital, and acquisitions driving the health care market.
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