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Evaluation of the business side of the group practice.

Because of the changes and complications affecting the business of health care, medical practices need to evaluate whether or not they are getting the best management for their money. Two options presented in this article are hiring a professional management firm or creating an internal management team. The points to be addressed include evaluating the various professional management firms available, determining the necessary skills for an internal management team, determining the business functions the team or firm will perform, considering the right factors when selecting a legal or accounting firm, and evaluating performance on an ongoing basis.

Contract Services↗

The data game. Play it right, and you could win more managed care contracts.

If you could see how your organization was performing as easily as you read the gas gauge and speedometer on your car, making decisions in the boardroom would be much easier (and more reliable). See how you can get the information you need in a format that makes sense. The payoff could be more managed care contracts.

Data Collection↗

Impact of tax sanctions on physician practice acquisitions and employment.

The intermediate tax sanctions create significant concerns for tax-exempt healthcare organizations that seek to integrate practicing physicians through practice acquisition or employment. The sanctions will force not-for-profit healthcare organizations to examine both the strategic and business implications of the dollars they have committed to practice acquisition and physician employment. The sanctions also should motivate organizations to reexamine their existing physician compensation arrangements, which may be creating negative incentives for practice productivity.

Conflict of Interest↗