The urge to merge

Article Abstract:

Many physicians seek to form group practices as a means of remaining competitive with managed care health services providers. Merging medical practices requires careful planning to be successful. Establishment of a common purpose among partners is essential for planning a merger. Consultants recommend that physicians considering forming a group ask themselves a number of important questions to facilitate planning. The foremost in importance is to know why they want to merge.

Management, Medicine, Practice, Medical practice, Medical offices

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Pop! goes the consulting bill; a contract that spells out exactly what you get for what you pay can help prevent nasty budget surprises when hiring an attorney, consultant or accountant

Article Abstract:

It is important for new physicians to set up a contract when hiring a consultant. Competitive bids should be accepted from several firms and then an engagement letter should be drawn up when a consultant is selected. The letter will define the principal/agent relationship and the conditions of the contract. Additional charges that result in the lack of a definite contract may delay the establishment of the practice and a loss in the physician's marketplace.

Management Consulting Services, Business & Mgmt Consulting, Contracts, Consulting services, Consultants, Consultants (Persons)

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Experts at AMA conference urge profession to take lead role

Article Abstract:

Physicians should utilize information technologies to improve patient care, according to American Medical Association experts. Information services in the healthcare industry range from patient records to outcome measurements to negotiate capitation rates. The AMA is negotiating with provider groups, consumer groups, insurers and government officials to provide physicians with adequate information technology resources.

Usage, Political activity, Information technology, Information services, American Medical Association

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