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What Physician Practice Ownership Really Means
Key to the successful collaboration, it appears, is that The Iowa Clinic was able to enter into partnership strategies with its dominant health system from a position of strength.
In the recent past, Brown concedes, the clinic has been able to thrive based on its reputation and its commitment to embracing innovation. It was the first clinic in the state to implement an electronic medical records system, and was the first to develop a physician leadership institute, self-funded, that now helps health systems develop physician leaders. It was also the first, as far as Brown knows, to implement a clinic-wide customer service initiative.
"All those things identify a certain ownership of culture that has allowed us to be successful," he says.
Ownership can mean many things. In this case, its cultural ownership helped Iowa Clinic keep from becoming owned by someone else.
Philip Betbeze is senior leadership editor with HealthLeaders Media.
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taylors (4/30/2012 at 1:05 PM)
Encouraging article! We have come across growing number of Physicians who want to stay in Private Practice and recently also Hospital Employed Physicians have started to look into getting back to private practice. Challenging in deed, however not impossible and many times even economically feesable. The key is to get the structure right on the business side! Taylor & Taylor Medical Billing, Palm Springs, CA