The organization utilizes a three-pronged approach to help physician practices continue growing while remaining independent, Clay Runnels, MD, chief physician executive at Ballad told Becker’s.
First, Ballad provides direct employment for practices that can no longer maintain their operations and need a larger system to facilitate employment. Next, Ballad hires local hospitalists or works with academic partners to ensure that facilities can keep their hospital-based services up and running. Third, Ballad engages with private practice groups to determine what they need to maintain their independence and connects them with third-party tools to ensure these needs are met.
“Our goal is to help private practices remain independent and viable,” Dr. Runnels said. “We don’t want to acquire or employ every practice. Our focus is preserving access to care while ensuring physician groups can continue operating independently.”
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.