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Your Champion. Your Cheerleader. Your Voice. | |
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Sunday, September 10, 2023
In This Issue: Is Private Equity Right For You?, Deposition Training for Physicians,
Change is Possible: Resolution Writing, ROI MEDStaffing
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Private Equity Investment in Your Medical Practice: Is it Right for You and Your Patients?
by Susan D’Antoni
Medical practices are hot commodities these days especially in particular specialties, like dermatology and ophthalmology. Investment companies, large for-profit corporations, insurance companies and hospitals are recognizing there is profit to be made from investing in or acquiring medical practices. Sometimes the investment companies or purchasers of medical practices have had nothing to do with healthcare previously which leaves many physicians scratching their heads and wondering if profits are being put ahead of patient care.
At a time when physicians and practice administrators are looking at many options to help their practices survive and thrive, equity investment represents an often attractive option when remaining independent, unaligned or going concierge do not seem to be the right answer in this ever-increasing challenging world of medicine.
How do you know whether your practice would be attractive to equity investors? (Continue reading)
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MCMS, MEDCHI, & OTHER UPCOMING EVENTS & EDUCATIONAL UPDATES | | |
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Depositions are Unnerving; What You Need to Know!
Tuesday, September 12th, 6:30pm
Virtual CME Opportunity
This event is a part of the MCMS Early Career Series, but it is open to all physicians.
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Addressing Childhood Trauma Through Trauma Informed Care (TIC)
American Medical Association
Thursday, September 14, 2023, 11:00 a.m. eastern time
This webinar event addresses how trauma informed care can be incorporated within broader integrated care efforts. Topics covered include the developmental aspect of trauma; screening, treatment, and prevention; the impact of trauma across a lifespan; and key actions physicians can take to address trauma with their pediatric patients. Register now
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Phishing: How It Is Used In a Cyber Breach
Tuesday, September 19th, 1:00p.m.
- via zoom
30-minute Briefing for Practice Managers, Staff and Physicians
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Fall Collegiality Dinner
Wednesday, October 4th
5:30 p.m. Reception
6:30 p.m. Dinner
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Enabling Patient Access to Health Data for Actionable Results
Wednesday, October 18th 12:00 p.m. – 5:00 p.m.
Learn more about:
- Patients’ experiences accessing their data, including the benefits and challenges they faced along this journey.
- How the next generation of apps are connecting across new health information sources to bring together patients’ data and preferred tools to act on that data.
- Clinicians who are at the forefront of helping patients access and understand their data, recognizing patient preferences and privacy concerns.
- Innovative developers demonstrating how they are making patients’ data actionable, and the implementation challenges they face as they connect sources across the care continuum
- Health care payers’ successes and challenges with making data available to patients.
Register here
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INFORMATION, RESOURCES, & ANNOUNCEMENTS | | |
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Is Your Practice Ready for Health Care Changes?
Applications are now being accepted for the Advancing Practice Transformation in Ambulatory Practices Program (program). The program is designed to assist qualifying primary care and specialty practices to engage in practice transformation with the support of MedChi Care Transformation Organization (CTO).
Spots in the program are limited contact [email protected] today!
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Feeling Chained by a Law Which Prevents You from Providing Care? You Can Make a Difference!
Have you ever said, “there ought to be a law” or “this law or regulation makes no sense because it impedes me from providing the care I know is needed?” And, have you ever said, “nothing’s going to change; why get involved?” If you have uttered any of these comments or questions loudly or under your breath, the answer is that change is possible. Changing laws or regulations can seem daunting; however, MCMS provides a process that allows you to bring an idea for change forward which can be addressed at a state level or a federal level if that is needed.
This form is a workflow to help you process your thoughts – What change do you think is needed and why? What action needs to be taken to accomplish it? Is it a state or federal issue? This is the way all resolutions for consideration by MedChi’s House of Delegates start. One physician. One idea or challenge. Working through MCMS to see the change you know is needed to improve your ability to care for your patients and your well-being.
If you have questions, contact Susan D’Antoni at [email protected]. She’s happy to shepherd you through the process.
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ARTICLES TO BENEFIT YOU AND YOUR PRACTICE | |
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House GOP Eyes Vote on Health Transparency Bill, The Washington Post, September 7, 2023
Doctor Pipeline May Be Masking Hidden Health Care Problems, Newsweek, September 7, 2023
Improving Health Care Quality Measurement to Combat Clinician Burnout, The JAMA Network, September 5, 2023
Three Lessons From Covid that Could Help Global Leaders Prevent the Next Pandemic, STAT, September 5, 2023
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Physician Resource Strategic Connection Partner Spotlight:
ROI MEDStaffing
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Montgomery County Medical Society's ROI MEDStaffing Service is a collaboration of MCMS, Beale Personnel, Inc., and Favorite Healthcare Staffing.
ROI MEDStaffing Service's unique partnership with dual staffing services guarantees our member practices access to the largest candidate pool in Montgomery County. You can trust our partners' experience and effectiveness through the entire recruitment process, from screening and credentialing to orienting and on-boarding.
In addition to traditional healthcare staffing solutions, ROI MEDStaffing offers a comprehensive range of staffing services at preferred pricing rates to help MCMS member physicians improve cost control, increase efficiency, and protect their revenue cycle. This includes placements of every duration from temporary to direct hire.
Each of our partners has its own strengths and specialties. Click below to learn more about what they can offer your practice and how they collaborate with MCMS.
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Access Local Practice Sales, Leases, Equipment, Job Postings, and more!
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