Hello Health Blog

Accountable Care and Independent Practice: Can they Coexist?

Posted by Jennifer McDuffee on Wed, Apr 02, 2014 @ 11:29 AM

It’s happening right before our eyes. The health care system is transitioning away from volume-based care and reimbursement in favor of payment models that emphasize outcomes and cost.Accountable Care Organizations (ACOs) are a good example of a construct that supports the emerging fee-for-value methodology. With no formal definition, there are many different types of organizations that could be considered an ACO, but the category may be best defined as a group that promotes coordination between payers, providers and patients to improve outcomes within the patient population.

Is there room for the independent medical practice in the ACO model? Hello Health explored this question in March 2013 in our independent medical practice videocast series.

One year later, we’re revisiting the issue with a subject matter expert from Software Advice.

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Topics: independent medical practice, videocast, ACOs, accountable care organizations

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

Accountable Care Organizations: What do they mean for the small independent medical practice?

Posted by Jennifer McDuffee on Thu, Mar 14, 2013 @ 03:46 PM

Health care reform and healthcare economics are prompting the creation of accountable care organizations (ACOs) and other systems that promote value-based, rather than volume-based care.  The government defines an ACO as a group of providers of healthcare services and suppliers who are accountable for the quality, cost and overall care of a population of patients. Participants coordinate care across the continuum and share both the payment and responsibility for the quality of care provided.

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Topics: Hello Health, independent medical practice, Affordable Care Act, videocast, ACOs, accountable care organizations

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