BC Advantage - 2017 Issue 7

Eat What You Kill & You May Starve: Part Two Whose Money Is It?

All collected Revenue (Money) of "The Practice" belongs to "The Practice"; not to any Individual Physician or any other Providers in the Practice, including the Physician Owners. This is the "Corporate Medicine" concept previously discussed in Part One and not the traditional "Mom & Pop" concept used by many practices. In "Corporate Medicine," you hunt in a "Pack" as opposed to the "Solitary" hunting under the "Mom & Pop" model. Due to the complexities of current and future practice operations, restricted patient networks, and the new value-based reimbursement models in the new healthcare world, the cost-effective Practice and...

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