Practices retain control with a nonacquisition model PPMC.
Traditional PPMCs acquire the assets of a physician practice and provide management services. Physicians pay a management fee for these services and relinquish control over their practice. With a new nonacquisition model PPMC, physicians retain ownership of and control over their practices. In return for a management fee, they receive management expertise and capital. The result should be practice revenue growth. This growth is achieved by developing a strategic plan, getting physician buy-in before implementing the plan, and monitoring the results.
Badertscher
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Pendulum Practice Management Company, Sarasota, FL, USA.
D003406:Credentialing; D004465:Economic Competition; D005376:Financial Management / Q000458:organization & administration; D006123:Group Practice / Q000191:economics / Q000458:organization & administration*; D017146:Models, Organizational; D010067:Ownership; D010934:Planning Techniques; D011216:Practice Management, Medical / Q000191:economics / Q000458:organization & administration*; D017009:Professional Autonomy; D014481:United States