Support our online development, and advance our onground research initiatives in free market economics, as we seek to showcase the brightest Next-Gen minds.
THE ME-P DISCLAIMER: Posts, comments and opinions do not necessarily represent iMBA, Inc., but become our property after submission. Copyright © 2006 to-date. iMBA, Inc allows colleges, universities, medical and financial professionals and related clinics, hospitals and non-profit healthcare organizations to distribute our proprietary essays, photos, videos, audios and other documents; etc. However, please review copyright and usage information for each individual asset before submission to us, and/or placement on your publication or web site. Attestation references, citations and/or back-links are required. All other assets are property of the individual copyright holder.
Can the EHR Save this Business Model?
[Dr. David Edward Marcinko MBA]
Healthcare insurance reform from the Obama Administration – as incremental as it will be on both the Federal Medicare and State Medicaid levels from 2014 to 2018 – forces medical providers to look for more efficient ways to provide services, as well as additional sources of revenue in a margin-diminishing business model.
Total federal spending for both programs, under current Office of Management and Budget [OMB] assumptions, are growing. Skepticism is prevalent throughout the healthcare industry about the benefits and the role of market competition in the provision of healthcare services, despite pronouncements by the Federal Trade Commission (FTC) and Department of Justice (DOJ) that competition has positively affected healthcare quality and cost-effectiveness, and recommendations that many of the barriers to competition that prevent it from fully benefiting consumers be removed.
And so, according to Cimasi, Alexander and Zigrang of Health Capital Consultants LLC, and others; this growing economic tension has threatened the traditional private medical practice business model.
[Private communication: http://www.HealthCapital.com]
***
***
Link: http://www.medicalpracticeinsider.com/news/infographic-can-ehr-save-private-practice
Assessment
The “tipping point” has been reached, according to some experts, as the private practice model falls below 50/50.
- Private practice model dwindles below 40 percent
- EHR adoption rises at solo and two-physician practices
- Divorcing your EHR Sytem [A How to Approach]
Rhetorical Questions
- What will save private medical practice as we know it.
- Does it need to be saved, at all?
- Will EHRs be the salvation?
Conclusion
Your thoughts and comments on this ME-P are appreciated. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, subscribe to the ME-P. It is fast, free and secure.
Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com
OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:
- PHYSICIANS: www.MedicalBusinessAdvisors.com
- PRACTICES: www.BusinessofMedicalPractice.com
- HOSPITALS: http://www.crcpress.com/product/isbn/9781466558731
- CLINICS: http://www.crcpress.com/product/isbn/9781439879900
- ADVISORS: www.CertifiedMedicalPlanner.org
- BLOG: www.MedicalExecutivePost.com
- FINANCE: Financial Planning for Physicians and Advisors
- INSURANCE: Risk Management and Insurance Strategies for Physicians and Advisors
Share this:
Filed under: Information Technology | Tagged: EHRs, Saving Private Medical Practice? | 4 Comments »
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 