decisionhealth Newsletters, Part B News - 2016 Issue 9 (September)
Practices consolidating quickly, study says; collaborate, seek options to stay independent
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Article Overview
This article examines a Health Affairs study on rapid physician consolidation and explains why the trend matters for smaller practices. It summarizes broad drivers of consolidation, references Medicare and payment-model context, and outlines general collaboration and operational strategies practices may consider to remain independent or adapt to a changing market.
Why This Topic Matters
It helps medical practice leaders, coders, and healthcare administrators understand a major market shift affecting practice structure, payer contracting, and operational planning.
Article Sections
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Practice consolidation trends and study findings
Summarizes the study and the observed shift in physician group sizes over the study period. It also notes the data source used and the overall pace of consolidation.
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Factors driving consolidation
Reviews several broad market and policy pressures that are contributing to practice consolidation. The discussion includes technology mandates, payment-model changes, and uncertainty in the coverage environment.
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What smaller practices can do
Outlines general strategies discussed for smaller practices that want to remain viable. The section covers collaboration, shared overhead approaches, and considering different practice or payment arrangements.
What You Will Learn
- What the article says about recent physician practice consolidation trends
- Which broad forces are contributing to consolidation pressure
- What general survival strategies are discussed for smaller practices
- How alternative practice structures and collaborations are framed in the article
Who Should Read This
- Physicians
- Medical practice administrators
- Practice managers
- Healthcare consultants
- Revenue cycle and coding professionals
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