Consider Super Groups to Compete with Hospitals
Looking for a way to operate as an independent practice, while having the cost effective luxuries of being in a large practice system or facility? Become a physician “super group.” Now that accountable care organizations are becoming a popular practice model in today’s valued-based healthcare environment, forming a super group is a good option to help decrease costs.
According to Physicians Practice article, “Forming a Medical Practice ‘Super Group,’” you need two elements to form a physician super group:
The structure is not a complicated one but it does require two major ingredients. First, the practices coming together must have similar practice philosophies and be willing to adhere to a common governance structure, and second, the practices must use an appropriate legal structure for creating the new entity. The key to ensuring that you are coming together to benefit your patients is using a unified technology platform — that is, all of the practices should be on the same EHR system in order to allow for clinical integration and the ability to consistently monitor clinical performance.
For more information on how a super group works and how to get started, go to Physicians Practice website.
Latest posts by Michelle Dick (see all)
- Congratulations to AAPC’s First Fellow, Brenda Edwards - February 1, 2017
- Keep an Eye on Two Inpatient DRG Assignments - January 19, 2017
- Turn Up the Volume for OIG Monthly Podcasts - January 10, 2017