Hello Health Blog

Independent Medical Practices: What does the Future Hold?

Posted by Jennifer McDuffee on Fri, Jul 19, 2013 @ 03:46 PM

It’s no secret that independent medical practice owners are struggling more than ever before with the business aspect of running their practices, and trends show that more and more physicians are thus opting for the greater financial security and administrative simplicity of employment with hospital systems, insurance companies or larger multi-specialty groups. For those who are hanging on to the autonomy of independent practice, what will the future look like?

Recent studies from the Medical Group Management Association (MGMA), Accenture and Merritt Hawkins have highlighted the decrease in independent medical practices and corresponding increase in the number of physicians that are employed with healthcare systems. Administrative headaches and costs for practice owners, declining reimbursement, increased regulatory requirements and pressures from a new emphasis on accountable care are all factoring into this trend. What’s more, doctors are frustrated as they work the same number of hours, but for less money as a higher percentage of their time goes to administration or uncompensated care – up to $25,000/year for a majority of physicians, according to 2012 research from the Physicians Foundation.

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Topics: Hello Health, independent physician practice, independent medical practice, Accenture, physician employment trends

New Videocast Series Focuses on Unique Challenges of the Independent Medical Practice

Posted by Jennifer McDuffee on Thu, Jan 24, 2013 @ 08:37 AM

Hello Health is pleased to introduce “Provider to Provider,” a new videocast series that examines issues impacting today’s independent medical practice. This month’s session focuses on the Patient-Centered Medical Home (PCMH), including ways the PCMH concept is evolving, and the steps that primary care practices can and should be taking to prepare for outcomes-based care and reimbursement models. 

According to Ted Wymyslo, M.D., while many physicians believe the platforms they are currently using are sufficient, the PCMH model helps modernize many of the electronic processes and systems that clinicians already have in place. Whether a practice has one or 20 clinicians, there are overwhelming benefits from combining information from a number of sources into one central medical home – a home to all of the information that is pertinent to a person’s health and well-being.

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Topics: small physician practice, independent physician practice, videocast, Patient Centered Medical Home, PCMH, Ted Wymyslo

Is Uncompensated Care Killing the Private Primary Care Practice?

Posted by Steven Ferguson on Mon, Jul 30, 2012 @ 11:34 AM

As early as next year, an Accenture report claims, as few as one third of doctors will actually own their practice, down from nearly half in 2005.

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Topics: primary care practice, physician revenue, small physician practice, doctor revenue, independent primary care practice, small independent primary care practice, independent physician practice, Health 2.0

Unpaid time is unfair to doctors

Posted by Steven Ferguson on Thu, Jul 12, 2012 @ 09:22 AM

I have a young son who asked me the other day why Nat, our CEO, paid me for my work. This caught me by surprise and I asked what had prompted the question. He told me that he understood why construction workers got paid for building roads, why firefighters got paid for putting out fires and why NHL hockey players got paid for scoring goals (something I struggle to understand sometimes myself).

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Topics: patient engagement, primary care practice, EHR, EMR, Electronic health record, physician revenue, small physician practice, Patient Management, doctor revenue, free EHR, free EMR, independent primary care, electronic medical record, independent primary care practice, small independent primary care practice, independent physician practice

The Affordable Care Act and your EHR

Posted by Steven Ferguson on Fri, Jul 06, 2012 @ 09:32 AM

Last week’s landmark decision from the Supreme Court clears the way for full implementation of the 906-page healthcare reform law. Know anyone that read it from cover to cover? I didn’t think so. No worries - basically, the law establishes insurance exchanges in each state, prohibits insurance companies from discriminating against the sick, and requires nearly all Americans to prove that they carry health insurance starting in 2014.

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Topics: primary care practice, Electronic health record, meaningful use incentive, small physician practice, free EHR, free EMR, independent primary care, electronic medical record, independent primary care practice, small independent primary care practice, independent physician practice, Meaningful use, accountable care, Affordable Care Act, HITECH

Primary Care Independence

Posted by Stephen Armstrong on Tue, Jul 03, 2012 @ 11:47 AM

As we pause on July 4th to reflect on the spirit and sacrifice that created and sustains the independence of our great nation, the independence of the primary care practice is deserving of reflection and celebration as well.

Our nation’s primary care doctors are on the frontlines of our health care system caring for our families, young and old. They are our health care “home base” providing a continuity of care that can be measured in decades and not just in years. They help us navigate through complex chronic health issues and sometimes an equally complex health care system.

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Topics: patient engagement, primary care practice, Electronic health record, physician revenue, small physician practice, Patient Management, independent primary care, electronic medical record, independent primary care practice, small independent primary care practice, independent physician practice, PHR

Investing in Electronic Health Records? Think Meta-ROI.

Posted by Stephen Armstrong on Wed, Jun 27, 2012 @ 04:03 PM

The traditional way of thinking about your technology Return on Investment (ROI) is in strictly financial terms: Take the cost of a technology investment and attempt to quantify the financial benefits as a percentage of the cost. Match the cost and you’ve broken even. Generate a financial return greater than the cost and you’re dollars ahead.

But let’s face it. Much of the time, the costs included in a ROI don’t fully reflect the total cost of ownership: the initial purchase cost, training, implementation, support, upgrades, and maintaining regulatory compliance—to name just a few. 

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Topics: primary care practice, EHR, EMR, Electronic health record, physician revenue, meaningful use incentive, small physician practice, free EHR, free EMR, independent primary care, electronic medical record, independent primary care practice, small independent primary care practice, independent physician practice, PHR, Meaningful use

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