- 3/4/2018 – 3/6/2018
- Orlando, FL
The Financial Conference is where medical practice management professionals go to enhance the financial education that is essential for leading their organizations. Join CLA for the 2018 conference to strengthen your knowledge and improve your practice’s performance.We hope to see you there!
Join our educational sessions:
To Sell or Not to Sell: Analyzing the Current Environment for Independent Physician Practices
Sunday, March 4, 9 a.m. – 3:30 p.m (pre-conference)
Speakers: Chris Abell, Steve Stang, and Claire Pearson
Health care reform has created a set of complex requirements and challenges that physician practices are finding difficult to deal with on their own. As physician practices address these challenges, they are sometimes faced with the difficult decision of going forward, maintaining their independence or joining forces with a larger organization. This in-depth session will explore the market forces driving practices to consider selling or merging, and provide strategies and tools to help determine whether selling or remaining independent makes the most sense for your practice. The discussion will address cultural, financial, and legal aspects that must be considered when evaluating your options.
Preparing the Practice and Implementing Value-Based Compensation
Monday, March 5, 8:30 – 10:45 a.m.
Speakers: Tamm Kritzer and Curt Mayse
As the health care industry migrates from compensation based on volume to one based on value, organizations are left struggling to define exactly what ‘value’ means. Regulatory action in the past few years has accelerated the number of practices participating in value-based payments. Many of these practices are left wondering how and when to begin shifting to a value-based compensation model. This two-part session will address current value-based compensation trends and the regulatory drivers behind it, as well as case studies of real-life examples and the transformational practices that accompany value-based compensation.
The Decision to Remain Independent: Physician Practice
Tuesday, March 6, 10 – 11 a.m.
Speaker: Claire Pearson
Physician practices face many administrative burdens that must be addressed alongside their patient responsibilities. Managing cost and infrastructure, recruitment and retention of physicians, lower reimbursements, and managing payer mix and collections all weigh heavily on the minds of those who manage independent practices. At the same time, many of their peers have gone the direction of selling their practices to relieve some of these pressures. What is a practice that wants to maintain their independence to do? Join this interactive session to hear the experiences and decisions a physician made when evaluating whether to keep his practice independent and the steps his practice undertook to ensure success going forward.
Reserve time for a 1:1 consultation:
• Buying or selling a practice — due diligence (Steve Stang)
• Physician compensation or provider productivity (Curt Mayse)
• Tax reform or tax consequences of selling your practice (Claire Pearson and Chris Abell)
• Team-based care and developing a chronic care model to generate new revenue streams (Tamm Kritzer)