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- Medical_Group_Management_Model abstract "In 2010, large number of physician owned medical groups pressured by new Medicare cuts have sold or contemplate selling their practices to hospitals and health systems. Some industry experts predict that in near future most of medical practices will be owned or affiliated by a hospital or large networks. However, there are viable in trying economic times.There are very practical, effective and profitable alternatives to selling a medical practice to a hospital. At the outset, if the past has taught us any thing about selling medical practices to hospitals/health systems is that in long run it does not work for physicians and sometimes for the buyer. Eventually, the physicians end up buying the practice back. Although, selling a medical practice to a larger organization may provide immediate relief to the physician group from pressing challenges of operating a medical practice; it does not provide physicians or the group with freedom and flexibility of owning and controlling their practice. At best the relationship between a hospital and employed physicians and independent practitioners is like the difference between living in a rental house and a house you own. Most people would like to live in a house they own and similarly most physicians happen to desire owning their medical practice. The question is how to implement this goal.A somewhat new medical group management model presently gaining popularity provides in-part or complete outsourcing of administrative tasks including positions such CEO, Executive Director, Administrator, CFO, and COO to a management firm. Under this system of outsourcing the physicians continue to maintain total control of their practices at the same time disengages from managing the day-to-day operations. This model guarantees the physicians to focus on practicing medicine and business professionals to manage the business. Basically the same thing would take place if a practice is sold to a hospital with the exception of the physicians being employees of the hospital.".
- Medical_Group_Management_Model wikiPageExternalLink www.mgma.com.
- Medical_Group_Management_Model wikiPageID "28535383".
- Medical_Group_Management_Model wikiPageLength "2700".
- Medical_Group_Management_Model wikiPageOutDegree "13".
- Medical_Group_Management_Model wikiPageRevisionID "641422221".
- Medical_Group_Management_Model wikiPageWikiLink Business.
- Medical_Group_Management_Model wikiPageWikiLink Category:Health_in_the_United_States.
- Medical_Group_Management_Model wikiPageWikiLink Health_system.
- Medical_Group_Management_Model wikiPageWikiLink Hospital.
- Medical_Group_Management_Model wikiPageWikiLink Management_firm.
- Medical_Group_Management_Model wikiPageWikiLink Management_model.
- Medical_Group_Management_Model wikiPageWikiLink Medical_group.
- Medical_Group_Management_Model wikiPageWikiLink Medicare_(United_States).
- Medical_Group_Management_Model wikiPageWikiLink Medicine.
- Medical_Group_Management_Model wikiPageWikiLink Physician.
- Medical_Group_Management_Model wikiPageWikiLink Physician_group.
- Medical_Group_Management_Model wikiPageWikiLink Rental_house.
- Medical_Group_Management_Model wikiPageUsesTemplate Template:Citation_needed.
- Medical_Group_Management_Model wikiPageUsesTemplate Template:Multiple_issues.
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- Medical_Group_Management_Model wikiPageUsesTemplate Template:Tone.
- Medical_Group_Management_Model subject Category:Health_in_the_United_States.
- Medical_Group_Management_Model comment "In 2010, large number of physician owned medical groups pressured by new Medicare cuts have sold or contemplate selling their practices to hospitals and health systems. Some industry experts predict that in near future most of medical practices will be owned or affiliated by a hospital or large networks. However, there are viable in trying economic times.There are very practical, effective and profitable alternatives to selling a medical practice to a hospital.".
- Medical_Group_Management_Model label "Medical Group Management Model".
- Medical_Group_Management_Model sameAs Q6806350.
- Medical_Group_Management_Model sameAs m.0cz7ygs.
- Medical_Group_Management_Model sameAs Q6806350.
- Medical_Group_Management_Model wasDerivedFrom Medical_Group_Management_Model?oldid=641422221.
- Medical_Group_Management_Model isPrimaryTopicOf Medical_Group_Management_Model.