Tuesday, July 09, 2013

Strategies to Remain Independent

Times are tough for independent docs and only getting more difficult.  Here are some strategies you can employ to counter the stresses on your independent practice:
1: Cultivate a cash pay practice, ie cosmetics, fertility, concierge. 
2: Join an IPA
3: Join a GPO (group purchasing organization)
4: Selectively contract with managed care, not all payers
5: Cherry pick easy diagnoses and refer out the rest

Anything else?   Let me know.