Physician-Owned Practice: A Case Study

The physician-owned practice exists in an evolving market which traditionally did not require highly skilled positions apart from the medical providers but now necessitates extensive skills from all medical and support staff. As reimbursement migrates from fee-for-service to value-based models, practices are forced to hire and train employees in new, untested systems while facing shrinking reimbursements with the promise of future success. This forces leadership teams to hire employees with a non-traditional skill set; instead of someone who thrives in a well-established, repetitive system, personnel departments must now hire and retain those who can adapt to and often implement systems which fit the new industry model.