Integrating comp plans key to practice merger success
Medical practice mergers are quickly becoming one of the most popular ways for physicians to band together and develop a long-term strategy for dealing with major strategic issues, such as reimbursement negotiations with third-party payers, developing ancillary services, purchasing and implementing information technology (including electronic health records), and dealing with hospitals from a position of greater influence and strength. Combining practice operations allows former stand-alone practices to achieve strength in numbers and compete in today’s marketplace.
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