Report:Physician Employment – Keys to Success for Hospital Financial Leaders

May 9, 2012
181 Views

Educational report by McKesson Revenue ManagementSolutions reviews how practice acquisitions are a growing imperative for financial leaders. Hospital leaders increasingly view physician employment as a strategic necessity that can better position their organizations to meet an anticipated shift toward outcome-based payments, the expected requirements of the reform-driven Accountable Care Organization’s (ACO) delivery model, and physician recruitment efforts made by competing hospitals.

Educational report by McKesson Revenue ManagementSolutions reviews how practice acquisitions are a growing imperative for financial leaders. Hospital leaders increasingly view physician employment as a strategic necessity that can better position their organizations to meet an anticipated shift toward outcome-based payments, the expected requirements of the reform-driven Accountable Care Organization’s (ACO) delivery model, and physician recruitment efforts made by competing hospitals.

Physicians, for their part, are more open to hospital-sponsored employment than in the past due to the growing difficulties associated with operating an independent medical practice. Increasing costs – coupled with flat or declining reimbursements – are exerting pressure on physician incomes. Physicians also are grappling with an ever more complex regulatory and reporting environment. As hospital-sponsored physician employment grows, the physician revenue cycle will play a larger role in revenue contribution to the hospital. Effective management of physician billing is therefore essential to the hospital’s success.

To read the rest of this McKesson report, CLICK HERE TO DOWNLOAD REPORT