How To Maintain Hospital Independence
With more and more smaller practices merging with hospitals, we know that this has become a hot topic among medical practices. We know that often practice owners don’t know about the other options that they have laid out in front of them. For example:
- What about creating a smaller group of established physicians who are willing to split medical space and expenses? Though you won’t be the sole party responsible for the practice anymore, you will have more control than if you were to sell to a hospital.
- Try converting to a hybrid concierge practice. This way you have hybrid practice and still accept insurance for other procedures that you perform.
- Take the buyout from a larger, multi-location practice.
Although the options are endless, the solution is about finding out what works best for you.
To learn more, check out this piece from Jay Shorr, our founder and managing partner, in his article in FHI Weekly as he explains the various ways you can keep your practice out of the hospital’s hands. Click here to read more now. You can thank us later.
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About Shorr Solutions:
Shorr Solutions is an award-winning practice management consulting company with offices in South and Central Florida. We work with aesthetic medical practices in all 50 states of the U.S. to help them strengthen the operational, financial, and administrative health of their business. With decades of industry experience, our father-daughter partners, Jay Shorr and Mara Shorr, lead our knowledgeable team of experts to assist practices in the aesthetic medical fields increase efficiency, increase revenue, and decrease their costs.
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