This session is truly constructed based on learner feedback from last few years at Society Annual Conferences. Attendees last year showed a great interest in finding out "what their practice was worth?" Healthcare reform has changed the landscape of private practice throughout the United States. In this session, speakers will discuss the current health care landscape and physician practices under MACRA, MIPS, and APM, and the results of a physician survey showing trends in private practices, employment status, and physician morale. The speakers will also review business basics of organizational behavior, corporate finance, and operations management, and discuss leadership during financial hardship and keeping physician integrity alive while maximizing revenue. Personal experiences of solo, small group, and a large multi-specialty to group and various options physician practices have to safeguard financially secure future will be discussed.
Outline MACRA related policy, practice and payment changes as they relate to nursing home practices.
Review national physician practice trends and compare attitudes of self-employed vs. employed physicians.
Describe basics of organizational behavior, operations management and corporate finance as it pertains to the Service industry of PA/LTC practice.
Discuss the process of Business valuation and using this information to to help with the decision of staying independent versus joining a large Group.
MD FACP, CMD, CIC, CHCQM,
Chicago Internal Medicine Practice and Research (CIMPAR, SC)