by Jaan Sidorov MD, MHSA, FACP and Vince Kuraitis JD, MBA
Physicians face great uncertainty. According to a survey conducted by The Physicians Foundation, the great majority of physicians (89%) believe the traditional model of independent private practice is either “on shaky ground” or “is a dinosaur soon to go extinct.”
In the face of this uncertainty, many physicians are jumping to a conclusion that “I have to sell my practice to the hospital.” In this post of our series on The 100 Year Shift, we will examine physician practice. We’ll show that the economic and clinical environment is changing rapidly and that selling to the hospital is one option. However, it is not the only option.
Table of contents for the series--The 100 Year Shift? Strategic Realignment among Physicians, Hospitals and Payers
- The 100 Year Shift? Introduction and Overview
- Payment Transformation: From Volume to Value
- Physician-Hospital Relationships: The Hospital Morphs from Revenue Center to Cost Center
- The Practice of Medicine: from Marcus Welby to ???