BC Advantage - 2016 Issue 9

Strategies for Small Practices Adapting to Healthcare Industry Changes

Priorities in the healthcare field have shifted greatly in the last decade. The old 1970's model of care where each practice operated independently-kind of an ‘every practice for itself' philosophy--has been dying out for a while now, as healthcare reforms, legislation, and technologies have reshaped the practical realities of the industry. In this new era, small practices will need to adapt if they hope to survive, since many of the more significant changes are hitting where it really hurts-the bottom line. Increases in the cost of care, challenges with payment reimbursements, higher dollar figures for out-of-pocket patient costs...

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