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AHA Associate Podcast Series | Vizient

In this episode, Kathleen Wessel, is joined by guests from AHA Associate, Vizient. Dr. Renée Allen, MD, MHSc., FACOG, is Principal of Physician Clinical Operations, and Mellisa Martinez, DNP, MBA, RN, CENP, CPHQ, is Senior Consulting Director. The speakers explore how Physician Advisor Programs can make an impact on hospitals and health systems. A strong physician advisor can strategically assist leadership in meeting overall organizational goals related to the efficient utilization of health care services. This impact can significantly influence quality and patient flow measures that are essential to achieving value-based care.

Cultivating Physician Engagement During the Pandemic

Our presentation follows the journey of Northeast Georgia Health System (NGHS), which saw opportunity during crisis to invest in leadership development and the well-being of physicians through their Applied Physician Leadership Academy (APLA). This 6-month program, collaboratively designed with The Leadership Development Group, paved the way for forward progress on previously dormant mission-critical strategic imperatives while also empowering and engaging physicians as leaders amidst a pandemic backdrop.
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Physician Relationship Strategy: 18 Questions for Leadership Teams

As health system leaders look at the physician-practice merger and acquisition activity in their local markets and reassess their own physician alignment strategies, they need to answer questions about their strategic physician partnership needs, local market dynamics, their organization’s value proposition and innovative practice arrangements.

Market Insights: Evolving Physician-Practice Ownership Models

Physician-practice acquisitions and/or equity investment by such nontraditional players as health plans, private-equity investors, venture capitalists and large employers is an increasing trend. These new entrants give physicians new options for where and how to work. In the shift to value-based care, private-equity firms and new investors can provide physician practices with capital for investments, streamline administrative tasks, use economies of scale for purchasing, improve billing practices, bring in common-practice support tools and analytics, and expand services through digital technology and telehealth. What they promise to deliver is similar to what hospitals and health systems are trying to achieve in the transition to value-based care.

Evolving Physician-Practice Ownership Models

This report provides an overview of current trends in physician–practice ownership models and their driving forces, lessons from nontraditional physician-practice arrangements, and implications for hospitals’/health systems’ organizational strategies, physician relationship strategy and provision of care to patients.

New Investors in Physician-Practice Ownership Models

We profile four major new investor types: private equity, venture capital, health plans and large employers along with a representative sample of recent investments and partnerships. Several of the deals by private-equity firms and health plans are billion-dollar acquisitions. Expect further competition from these investors.