Physician Control: Adapting to New Ownership Models

By Jessica Barreras Comments
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Physician control. There is no better way to achieve this than through physician ownership. Interventional Management Services (IMS) works with current ASC owners to determine a strategy for the successful admission of new owners through facility syndication. Their process includes a thorough analysis of a center as it is today and prospectively with the new partner included. Each prospective physician owners is evaluated to determine his or her impact to the facility. Lastly, all information is presented to existing physician owners to develop a strategy that best suits the ASC's needs.

“I have always been amazed by the disconnect between healthcare facilities and the physicians who work in them," says Stephen Rosenbaum, CEO of IMS. “I believe that the physicians who work in an ASC or hospital need to have the ability to affect their environment through governance and ownership." Rosenbaum goes on to say that governance and ownership go hand in hand. “The facility is a completely different environment to a physician who is also an owner. All facets change, from improved interaction with the staff to enhanced results to the patient," he continues. “Physician-owned and -controlled facilities provide a superior experience to patients, staff and physicians."

Physician ownership is one of the key factors that allow physicians to work at their optimal productivity, which in turn affects an entire ASC’s workflow. IMS works with current ASC owners to determine a strategy for the successful admission of new owners through facility syndication. In most partnerships, a potential new partner has been working with an organization for some time before they become partner. If someone has been making a consistent contribution to the organization, then he or she is likely a good candidate for admission into the partnership. This is usually apparent to the physician partners and therefore recommended, before admission is even requested by the potential partner. “In our partnerships, we are very clear with a new physician participant from the beginning regarding expectations of ownership," explains Rosenbaum. If a physician is a consistent participant in the day to day operations, then it is our expectation that he or she eventually will become a participant in the ownership and governance structure."

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