The trend is overwhelmingly in favor of clinicians joining large employed networks. This trend can leave independent medical practice leaders feeling isolated. And that isolation can further feelings of burnout and encourage incremental market consolidation.
When clinical reimbursement is declining or stagnant, every minute spent balancing administrative tasks amid clinical responsibilities becomes an opportunity. Inefficient workflows evolve from less than optimal decisions made among limited resources over time.
Rising Costs of IT Systems and of Data Collection Prohibit Analytics Making Rate Negotiations and APMs Difficult to Impossible
Independent physicians are frustrated with a perceived lack of power when it comes to payer contract negotiation and it may start with IT costs. Implementing a new EHR may cost a solo physician practice upwards of $150,000 with ongoing annual fees over $50,000 per year.
Top 5 Proven Ways to Grow Your Healthcare Business Today. #5 Invest in your future. An experienced consultant can be an effective and efficient sounding board.
Top 5 Proven Ways to Grow Your Healthcare Business Today. #4 Refresh your pitch. Armed with a concise pitch, ensure your whole team understands it and buys in.