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Sep 04

Physician Networks- Top Reasons to Form a Network

  • September 4, 2014
  • Jerry B.
  • Management Consulting, Strategy & Executive Leadership

Physician Networks-Who Wins?

When it’s done Right-Hospitals, Physicians, Patients 

The focus of this blog is the  employed physician network 

Reasons to Form a Network

To many there appears to be several reasons to form an employed physician network.  However in fact there are many reasons to create a network.

Top 15 Reasons for an Employed Physician Network

  1. Opportunity to improve coordination of care
  2. Physician recruitment and retention
  3. Potential for consolidation of overhead
  4. Process improvement – cleaner claims, greater percentage of timely filing
  5. Positioning for Population Health Management
  6. Centralized revenue cycle management
  7. Improved AR Management
  8. Stronger representation with managed care payors
  9. Tighter referral management
  10. Standardization of business procedures and processes
  11. Potentially reduce professional liability cost
  12. With system-wide EHR, opportunity to capture data otherwise not available
  13. Access to capital to expand physician network or invest in infrastructure (depending upon legal limitations)
  14. Opportunity to participate in ACO and CI providing new revenue streams to physicians
  15. Seat at the table for physicians to participate in decisions regarding cost savings distributions and other financial decisions affecting the network
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