"The Times They Are A-Changin” There are many practice opportunities for physicians to consider for the future. Will you remain in solo practice? Merge with others to form a bigger single specialty, multi-specialty group or ACO? Join a Foundation or University Affiliation? This workshop will present a balanced discussion of options and issues for physicians to consider before making these important practice decisions. This workshop has been presented for the California Medical Association /Western Leadership Academy for the last three years.
WHY SHOULD YOU ATTEND?
This workshop will be presented by experienced consultant, Debra Phairas, President Practice & Liability Consultants, LLC who has advised physicians in making these critical transitions including shoring up solo/small groups, merging practices, consulting on being acquired and negotiating compensation for physicians. She has worked with over 1,800 practices since 1985. Debra has also performed due diligence for acquisitions and devised physician compensation formulas for Foundations and Universities.
AREA COVERED
Topics Include:
- Is solo or small group practice viable for the future?
- How to survive and thrive by savvy management and marketing
- Merger Mania – Should you merge with others?
- Single Specialty or Multi-Specialty – pros and cons
- Joining a Foundation, University Affiliation or Hospital Outpatient Clinic Model
- When to consider an offer and How to assess an offer
- Will goodwill or intangible asset value be included or excluded and how will this be valued?
- How will tangible assets including equipment be valued?
- How many years should the contract be guaranteed?
- New models such as affiliation with Universities – Private Practice but with University Contract Rates
- Governance and decision making ability?
- Compensation models including base salary and $ per WorkRVU – How this works
- What will it be like being an employee?
- What if I want to leave?
- Will I be restricted from advocating for my patient? Malpractice Risks for Physicians
LEARNING OBJECTIVES
- Attendees will learn how to compare “apples to apples” with present compensation versus WRVU formula offers
- Attendees will learn how to negotiate the sale of the practice to a hospital
- Attendees will learn important elements to negotiate in contracts to avoid malpractice conflicts of interest
WHO WILL BENEFIT?
Physicians, Clinics, hospital executives, Medical practice administrators
This workshop will be presented by experienced consultant, Debra Phairas, President Practice & Liability Consultants, LLC who has advised physicians in making these critical transitions including shoring up solo/small groups, merging practices, consulting on being acquired and negotiating compensation for physicians. She has worked with over 1,800 practices since 1985. Debra has also performed due diligence for acquisitions and devised physician compensation formulas for Foundations and Universities.
Topics Include:
- Is solo or small group practice viable for the future?
- How to survive and thrive by savvy management and marketing
- Merger Mania – Should you merge with others?
- Single Specialty or Multi-Specialty – pros and cons
- Joining a Foundation, University Affiliation or Hospital Outpatient Clinic Model
- When to consider an offer and How to assess an offer
- Will goodwill or intangible asset value be included or excluded and how will this be valued?
- How will tangible assets including equipment be valued?
- How many years should the contract be guaranteed?
- New models such as affiliation with Universities – Private Practice but with University Contract Rates
- Governance and decision making ability?
- Compensation models including base salary and $ per WorkRVU – How this works
- What will it be like being an employee?
- What if I want to leave?
- Will I be restricted from advocating for my patient? Malpractice Risks for Physicians
- Attendees will learn how to compare “apples to apples” with present compensation versus WRVU formula offers
- Attendees will learn how to negotiate the sale of the practice to a hospital
- Attendees will learn important elements to negotiate in contracts to avoid malpractice conflicts of interest
Physicians, Clinics, hospital executives, Medical practice administrators
Speaker Profile
Debra Phairas, MBA, is President of Practice & Liability Consultants, LLC a nationally recognized firm specializing in practice management and malpractice prevention. Her background includes medical clinic administration and loss prevention management for NORCAL Mutual, a physician malpractice insurance carrier in Northern California. Her BS is from Michigan State University and her graduate work at Golden Gate University, San Francisco MBA Health Services Administration program. Her consulting experience includes over 1,800 practices of all sizes and specialties. Typical engagements include: practice start-ups, practice assessments, mergers, financial analysis, revenue enhancement, overhead reduction, personnel management, over 380 practice valuations, expert witness, partnership issues …
Upcoming Webinars
SOPs - How to Write Them to Satisfy those Inspectors
Why EBITDA Doesn't Spell Cash Flow and What Does
How to Give Corrective Feedback: The CARE Model - Eliminati…
With Mandatory Paid Leave Gaining Ground Is It Time To Do A…
Marketing to Medicare or Medicaid Beneficiaries - What You …
Documenting Misconduct that Will Stand Up in Court
Trial Master File (TMF)/eTMF, & FDAs Draft Guidance for Ele…
Tattoos, hijabs, piercings, and pink hair: The challenges …
Project Management for Non-Project Managers - How to commun…
OSHA Requirements for Supervisors, Project Leaders & HR - W…
Humane Layoffs: How to Let People Go with Compassion and De…
Female to Female Hostility @Workplace: All you Need to Know
Unlock Employee Loyalty: Stay Interviews Will Keep Them Eng…
FFIEC BSA/AML Examination Manual: What Compliance Officers …
Sunshine Act Reporting - Clarification for Clinical Research
Conquer Toxic People - Learn To Protect Yourself And Get Yo…
Understanding the Artificial Intelligence Landscape
Holiday Stress and Loss: The Art of Stress Resilience in E…
Establishing Appropriate Quality Metrics and Key Performanc…
Ultimate Persuasion Strategies! - Secret Influence Tools & …
Is Your Culture Working For or Against Your Success? If You…
Using High-Performance Coaching for Managers to Address Per…
Excel - 10 Key Worksheet Functions to Skyrocket Your Produc…
Red flags that can render your OSHA Safety Program Complete…
Utilizing HR Metrics to Illustrate & Improve Human Resource…
Onboarding is NOT Orientation - How to Improve the New Empl…
The Anti-Kickback Statute: Enforcement and Recent Updates
FDA Technology Modernization Action Plan (TMAP) and Impact …
How to Prepare For and Host a FDA Inspection and Respond to…
Eliminate Harmful And Unproductive Drama In The Workplace
Excel - Pivot Tables - The Key To Modern Data Analysis and …
Managing Toxic & Other Employees Who Have Attitude Issues
Building GMP Excellence: A Guide to Implementing Compliant …
Improving Employee Engagement & Retention Through Stay Inte…
Human Error Reduction Techniques for Floor Supervisors
Excel Power Skills: Master Functions, Formulas, and Macros …