Physicians and medical practices are facing a much more complex and challenging environment than ever before. Medical practices must start preparing to transition from fee-for-service reimbursement models to ones that are performance/value-based. Practices must also develop systems and processes that will ultimately allow them to be capable of clinically integrating with other providers across the health care spectrum. This is all happening in a health care market that continues to experience an unprecedented industry-wide consolidation and create greater competition.
The above changes, coupled with dwindling margins, increasing government regulations and greater operational and financial challenges, is causing many practices to remain uncertain as to whether they will have the financial resources to remain independent in the future. This is forcing practices to make important strategic decisions as to how they will practice in the future. Physicians are starting to evaluate their options and address critical questions: Should I seek hospital employment, join a super-group or consolidate with other practices? Do I join a PHO or an IPA? How do I prepare to participate in an ACO?
Gettry Marcus’ Health Care Consulting Group assists physicians and medical practices in evaluating their options and in helping them to develop long-term strategic plans. The Group consists of a team of financial advisors, all of whom are CPA’s, with a sole focus – health care. Our understanding of the health care market, combined with our comprehensive approach to the financial and operational management of our medical practice clients, is what allows us to provide insight into the issues health care providers face and to help them uncover real solutions.
List of Services
- Accounting, Audit & Tax
- Budgeting & Cash Flow Analysis
- Fair Market Value Opinions
- Financial Reporting
- Group Formations & Practice Acquisitions
- Hospital & Joint Venture Arrangements
- IPA & ACO Evaluation
- Medical Practice Business Valuations
- Physician Compensation Arrangements
- Physician Succession Planning
- Revenue-sharing Evaluation & Analysis
- Strategic Planning