Physicians are increasingly faced with the combined challenges of decreasing reimbursements, higher costs, increasing regulations, and the requirement to continually provide high quality of care and improved outcomes. Physician Advisor Associates specializes in physician practice integrations; including mergers and acquisitions, and super group development and management. Our experienced team of practice management professionals can help you assess which option will work best for your practice. Once the decision is made, we can help manage through the complex business, legal, governance and financial matters so you can practice medicine knowing that you’ve made an informed business decisions.
Mergers and Acquisitions:
The most common reasons for merging or acquiring medical practices is the potential for growing market share and the increased diversification of services. While most mergers and acquisitions are cost effective, there are many other considerations that are often overlooked including; governance, buy-out provisions and cultural differences. For smaller practices, merging into or being acquired by a larger practice might be a good decision, but this decision should be evaluated in full before it is implemented. Physician Advisor Associates can help determine if a merger or acquisition is the optimal choice for your practice.
Super Group Development and Management:
Physician owned Super Groups offer practices that “join” them the opportunity to retain much of the autonomy of private practice while gaining the benefits of being part of a larger organization. The primary reason that doctors join Super Groups is to gain leverage through increased economies of scale. Super Groups can share in reduced costs, better handle the increasing regulatory complexities and negotiate improved rates with insurance companies.
Because of their increased size and the data they can gather on clinical outcomes, single specialty Super Groups can also help physicians transition from fee for service to value-based reimbursement. The founder of Physician Advisor Associates, along with his team of subject matter experts, bring with them the experience of forming two of the country’s largest specialty Super Groups. With this extensive experience, we help physicians form and manage their own Super Groups.