How to break even on an acquired primary care network.
Challenged by declining revenues, hospitals are taking steps to improve the financial performance of hospital-owned primary care group practices. Although some hospitals are divesting themselves of their group practices, others are attempting turn-around strategies to help them break even on their investment. Ensuring that expenses do not exceed revenues in a primary care network can be achieved by implementing initiatives on network-wide and practice site levels and may require draconian measures. By setting a financial target of break-even, primary care practices can experience dramatic improvements.
Halley
M D
MD
Ambulatory Management Services, Inc., Westerville, Ohio, USA. mhalley@amsnetworks.com
Lloyd
R L
RL
D003659:Decision Making, Organizational; D005375:Financial Audit; D005377:Financial Management, Hospital / Q000379:methods*; D006123:Group Practice / Q000191:economics*; D006801:Humans; D010067:Ownership / Q000191:economics; D020399:Practice Management / Q000191:economics*; D020443:Practice Valuation and Purchase / Q000191:economics; D011320:Primary Health Care / Q000191:economics*; D014481:United States