As private practice groups face increasing market challenges, many are turning to outside partners to help facilitate their growth and stability. Join Andy Colbert to discover how to identify the partnership model that is best for your practice’s needs, patient care philosophies and strategies to achieve growth and scale. This session will explore partnership paths (such as hospital professional service agreements (PSAs), mergers between physician groups, MSOs, joint ventures, national affiliations and private equity) as well as the steps involved in executing each of these options, including the planning process, transaction process and integration/post transaction steps. The session will help practice leaders evaluate the best model for their practice’s goals and objectives and discuss some key considerations including standard contract terms, exclusivity arrangements, new provider recruiting, implementation challenges and more.
Learning Objectives:
Breakdown the pros and cons that come with various practice structures, and what model is most suitable for your individual practice goals
Examine the steps involved with executing these models and nuances that physician group leaders will encounter when establishing their practice growth plan
Analyze challenges associated with each partnership pathway and areas of weakness/threats to growth projections
