Marketplace challenges and opportunities for faculty practice plans.
Because of marketplace challenges related to the growth of managed care, faculty practice plans (FPPs) now are faced with issues similar to community group practices. Emphasis on primary care and price discounts are particularly thorny concerns. Unreimbursed care looms as a hazards for the FPPs affiliated with teaching hospitals in low socioeconomic areas. However, as the marketplace cultivates more global pricing strategies, the FPP-hospital relationship also could prove a distinct advantage. Additionally, the recent emergence of practice management corporations could represent opportunities for FPPs, who need new competencies, and even capital, to remain competitive. This article also discusses the promise of integrated delivery networks and addresses the construction of community partnerships.
Retchin
S M
SM
MCV Associated Physicians, Richmond, VA 23219, USA.
D019058:Community Networks / Q000458:organization & administration; D003284:Contract Services; D004465:Economic Competition; D005180:Faculty, Medical; D006123:Group Practice / Q000191:economics*; D018578:Hospital-Physician Relations; D006784:Hospitals, Teaching / Q000191:economics; D011216:Practice Management, Medical; D012308:Risk Management; D012577:Schools, Medical / Q000191:economics*; D017664:Uncompensated Care