The HOSPITAL ALIGNED MEDICAL PRACTICE
Hospital-owned or aligned medical practices straddle a continuum between perceived independence from their corporate sponsor to true integration between the health system, providers and the patients they serve.
Since the mid-80s, hospitals have struggled to determine whether owned practices and employed physicians are effective, profitable referral drivers, or a necessary evil – generating financial losses that must be made up downstream.
Much has been written about hospitals losing great sums of money on their ambulatory clinics, and by the late 90s, many washed their hands of this unique business by divesting.
Following the Affordable Care Act (ACA) reform efforts, hospitals began acquiring medical practices again, fueled by reimbursement changes and the move toward value-based reimbursement. Clinical integration and physician alignment became vital to the search for lower costs and quality care. Today, the primary care practice is being reinvented as the center of patient care through Patient Centered Medical Home (PCMH) and Accountable Care Organizations (ACO) models.
One of the greatest challenges associated with practice acquisitions is the cultural transformation needed to sustain a healthy and mutually beneficial relationship between the practitioners, staff, and the hospital.
How V2V Can Help
In our experience, “value” encompasses much more than reimbursement, and should exist as an organizational imperative across all points of the hospital-owned medical practice network. From operational efficiency to the customer experience, “value” should be embraced as the standard from the front desk to the clinical care teams and throughout.
V2V Management Solutions has the expertise to help hospital aligned medical practices establish value-driven benchmarks. We identify and change workflows to achieve successful reimbursement under the latest models. Our value-driven approach helps these practices improve performance in all areas of the business.
V2V Management Solutions can help the hospital-owned medical practice network establish value-driven benchmarks and then change workflows to achieve these metrics. Our value-driven management imperative helps hospital owned medical practices improve their performance in all areas of their business.
