Practice Notes

Our take on the latest trends and news for medical groups

Q&A: How to get the most from medical group benchmarking

by Maria Restuccio, Ken Wallace, and Rachel Woods November 6, 2019

This year, the Medical Group Strategy Council (MGSC) collected data from over 40 medical groups—representing more than 15,000 providers—to build a national dataset of financial and performance benchmarks. Through collecting this data and working with medical group financial and operational leaders, we uncovered several exciting new trends. We sat down with our data expert to get her take.

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The 5 biggest trends (and the data) affecting medical groups today

by Ken Wallace and Rachel Woods October 23, 2019

A wealth of useful data for physician group leaders has come out so far in 2019. We've collected those data points and mapped them to the biggest trends affecting medical groups today. As medical group leaders shape their strategy and workforce, here are five trends (and the data) to know.

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The secret weapon to beat burnout? 'EHR Happy Hour.'

by Virginia Reid and Rachel Woods August 28, 2019

Physician burnout costs the U.S. health care system $4.6 billion a year—and that's likely an underestimate, according to researchers at Harvard Business School. Burnout has many causes, but EHRs are a major contributor. In a recent Medscape study, 32% of physicians chose EHRs as the top contributor to their burnout.

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Physician shortage—or working below capacity? Get 2 ways to solve your access problem.

by Rachel Woods and Eliza Campbell July 31, 2019

Patient access remains a challenge for medical groups: For primary care, the average time to the third next available appointment is 16 days for new patients and 12 days for established patients, according to Advisory Board benchmarks. In many specialties, wait times stretch even longer

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Physician employment is at an all-time high. Here are 3 tactics to stay competitive.

by Maria Restuccio and Rachel Woods July 17, 2019

In 2018, physician employment overtook physician practice ownership for the first time. After decades of provider organizations acquiring practices and employing physicians, the American Medical Association's Policy Research Perspectives found 47.4% of practicing physicians were employed in 2018, while only 45.9% owned their own practice. And the big practices keep getting bigger—according to the survey, an increasing number of physicians are now employed by larger practices of 50 or more physicians.

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Want to reduce APP turnover? Give them a voice in your medical group.

by Sarah Hostetter and Eliza Campbell July 8, 2019

Frequent turnover is one of the biggest challenges medical group executives report with their advanced practice provider (APP) workforce. And this turnover is costly: A single APP vacancy costs practices $1,500 per day. In addition to productivity losses, investments to onboard and train APPs so that they can work top-of-license go wasted when APPs leave the group.

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What does the future of primary care look like? We want to hear from you.

by Julia Connell and Rachel Woods June 19, 2019

Increasingly, disruptors like CVS, Walgreens, and Amazon are entering the ambulatory space to provide more convenient, lower-cost services to patients—a move that threatens the role of the medical group as the front door to the health system. To compete, medical groups need to rethink their traditional, "one-size-fits-all" approach to primary care. This calls for innovation both in the way medical groups design their primary care product and how they operationalize and scale a model that meets the evolving demands of patients and providers.

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Are physicians the future of risk-based payment? CMS thinks so.

by Julia Connell and Julie Riley May 22, 2019

In 2017, Medicare spending totaled $702 billion, or 15% of total federal spending, a number that is expected only to increase as more baby boomers age into Medicare. Unsatisfied with provider performance in existing risk-based models, CMS is rolling out changes for 2020 that promote downside risk and prioritize partners who prove they can generate savings—and one of the most reliable partners may be physician groups.

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