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Should I Stay or Should I “Let It Go” – Accelerating Post Pandemic Partnerships
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Course Description
- Overview of the Current Environment for Medical Practices & Consolidation – pre- and post- COVID
- Options for Physicians in Private Practice
- Assessing current state viability – how strong are your patient relationships? How good is your data?
- Staying the Course – Improving Operating Performance
- Outsourcing Practice Management Services – scheduling, revenue cycle, contracting, etc.
- Benefits & Risks of remaining independent
- Letting It Go - Partnering with Others: medical groups, private equity firms, health insurers, health services companies, or health care systems
- Physician Partnerships – From A Health System’s Perspectives – Dr. Saria Saccocio
- Why health systems partner with physicians/physician practices
- Benefits to physicians for joining a health system
- Types of practices/specialties attractive to health systems
- What is an optimal “culture” for health system - physician relationships?
- Role of the community/private practice physician in advancing quality and population health
- Decision Making & Next Steps - Using a Multidimensional Due Diligence process to plan for the practice’s short-term and long-term future
Objectives:- Increase knowledge of current medical practice consolidation environment and be able to apply a multi-dimensional due diligence tool to assess their current stat and objectively evaluate partnerships opportunities as an alternative to private practice
- Develop an understanding of recent and current health economic forces that have resulted in increasing consolidations of medical practice nationwide
- Discuss how to use a multi-dimensional “due diligence” process to assess their current stat of operations and evaluate the viability of remaining in private practice versus seeking new partnership opportunities
0.75 AMA PRA Category 1 Credits The South Carolina Medical Association (SCMA) designates this live for a maximum of 0.75 AMA PRA Category 1 Credit(s)TM. Physicians should claim only the credit commensurate with the extent of their participation in the activity.
The South Carolina Medical Association is accredited by the Accreditation Council for Continuing Medical Education to provide continuing medical education for physicians.
To be compliant with the AMA’s “Physician’s Recognition Award and Credit System,” we require physicians to attest to the amount of time they are claiming credit – which should be commensurate with the extent of time they participate in a CME activity.
To assure compliance, we now require all physicians attending or participating in an accredited CME activity, to complete the “contact information” portion of the evaluation and, specifically, sign where indicated on the evaluation.
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