Insights: Owning It! Strategic Planning, Navigating M&A and Staying Independent in Healthcare Today

Today, less than half of physicians remain independent! In this MGMA Insights podcast, we explore the reasons behind the high rate of mergers, acquisitions and the overall landscape of medical practice consolidation. We look at key factors including value-based reimbursement, shrinking margins, and record-high healthcare spending as reasons for the transactional activity. But many physicians and practices want to keep their independence, and we also discuss strategic plans and a shift in mindset that details a move from merely running a medical practice to looking at yourself as a business owner to keep your practice privately- or physician-owned. Experts interviewed include: * Isabelle Bibet-Kalinyak, Partner with McDonald Hopkins, LLC * Neil Johnson, Managing Partner at Lawrence, Evans & Co., LLC * Will Latham, President, Latham Consulting Group *Cameron Cox III, CEO, MSOC Health A note for podcast listeners: One key aspect of owning a medical practice is physician and provider compensation. You can use 2019 MGMA DataDive Provider Compensation to ensure you are retaining and attracting the best providers for your organization. Visit mgma.com/datapod for more information. Allied Medical Waste is the premier medical waste and document shredding company for medical groups all over the United States. On average, Allied helps medical groups save up to 50% on their monthly costs. Allied is known for their great service and impeccable response times. Reach out today for a free quote! Allied has a special offer for all MGMA members: the first 2 months FREE of charge!Connect with us at [email protected] or call (801) 328-8581.