Leadership

As consolidation continues to grow throughout healthcare and the future of independent practice becomes more uncertain, here are four physicians innovating the field with new business models and approaches to practice development:

Peer reviews occur when a patient, fellow physician or staff member reports a physician for acting improperly or not meeting patient care standards.

Independent physicians are increasingly opting to sell their practices to hospitals, health systems or other corporations.

Egg Harbor, N.J.-based AtlantiCare has appointed Joseph Lombardi, MD, as chief physician executive, according to an Oct. 22 news release. 

The number of employed physicians is skyrocketing, and many leaders are concerned about how this workforce evolution will affect care quality.

The decline of private practice is on the minds of many healthcare leaders as reimbursement declines paired with rising practice costs are forcing some physicians to employed models. 

Declining reimbursements in the face of soaring inflation and an increased demand for healthcare is a frustrating, but familiar, scenario for many independent physicians. 

Amid mounting clinical demands, many physician leaders have been compelled to make personal and professional sacrifices to retain their influence and effectively advocate for both their fellow physicians and the well-being of patients.

While the value of physician leadership is widely recognized, a new survey by Jackson Physician Search and the Medical Group Management Association reveals that leadership development is often sidelined in medical training in favor of clinical skills.

Benjamin Stein, MD, an independent orthopedic surgeon who co-founded and is now chairman of ASC development group Capital Surgical Solutions, joined Becker's to discuss why physician leadership is critical to the success of healthcare facilities.