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Home > Accountable Care Organizations
The New Hospital-Physician Enterprise: Meeting the Challenges of Value-Based Care
The New Hospital-Physician Enterprise: Meeting the Challenges of Value-Based Care
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Description

Shifting reimbursement models are forcing hospital executives to rethink their approach to physician relationships. New cost and quality demands require hospitals to explore all alternatives—including tighter alignment with physicians. The New Hospital-Physician Enterprise: Meeting the Challenges of Value-Based Care provides expert advice on structuring and sustaining hospital-physician relationships in the post-reform environment.

This comprehensive guide discusses:

  • Strategies for successful acquisition and integration of physician practices, including advice on managing the transaction, governance and management structures, sustainable physician compensation models, and optimized revenue cycle operations
  • Alternative alignment strategies for physician practices that remain a separate legal entity, such as joint ventures, clinical co-management arrangements, accountable care organizations, and the use of information technology
  • Special considerations for physician practice acquisitions, including fair market value, compliance and the implications of payment reform

Table of Contents:

  • Preface
  • Acknowledgments
  • Part I: Integrated Models
    • Begin with the End in Mind
      Francine D. Merenghi and David A. Wofford
    • Managing the Transaction
      Scott F. Burns, Sean T. Hartzell, and Adam J. Klein
    • Physician Organization and Leadership
      Kevin J. Duce and Darin E. Libby
    • Developing a Sustainable Physician Compensation Model
      Joshua D. Halverson and James W. Lord
    • Optimizing the Physician Enterprise’s Operational Performance
      Jennifer K. Gingrass and Michelle L. Holmes
    • The Challenge of Professional Fee Billing
      Benjamin C. Colton, Curtis A. Mayse, and David A. Wofford
  • Part II: Alternative Alignment Models
    • Joint Ventures and Clinical Co-management Arrangements
      John N. Fink
    • Integrated Systems and Accountable Care Organizations: Finding a Fit
      Terri L. Welter
    • Information Technology as an Alignment Strategy
      Michelle L. Holmes and Asif Shah Mohammed
  • Part III: Special Considerations
    • Determining an Arrangement’s Fair Market Value
      Kevin J. Duce, Adam J. Klein, and David A. Wofford
    • Implications of Payment Reform
      Terri L. Welter
  • Index
  • About the Editors
  • About the Contributors
  • About the Editors:

    David A. Wofford is senior manager in ECG Management Consultants, Inc.’s healthcare practice. His consulting experience at ECG includes operations, strategic and business planning, revenue cycle management, and hospital/physician affiliations. Dave is a member of the Healthcare Financial Management Association (HFMA).

    Stephen F. Messinger is the Managing Partner of ECG Management Consultants, Inc., and a member of its board of directors. He is also the head of ECG’s Eastern Healthcare practice. Based in Washington, D.C., Steve has assisted a number of healthcare provider organizations in developing successful enterprise-wide strategies and executing plans for competitive advantage.

    Publication Date: August 2013
    Number of Pages: 250
    ISBN 13: 978-1-56793-598-1
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