PracticeLink Magazine

Spring 2018

The career development quarterly for physicians of all specialties, PracticeLink Magazine provides readers with feature articles, compensation stats, helpful job search tips—as well as recruitment ads from organizations across the U.S.

Issue link: https://magazine.practicelink.com/i/942432

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60 S PRIN g 2018 PracticeLink.com features But F rey ad m its there a re d rawbacks. For insta nce, she says private practitioners have less leverage when it comes to negotiating with insurance. "They're not as interested in me as they are a big group," she says. Group practices Physicia ns opt i ng for g roup practices find a setting that provides more leverage with insu rance companies, greater profitability and improved quality of patient care. Group practices vary in size and scope. Single-specialty groups tend to be smaller, employing an average of eight physicians, while multispecialty groups employ an average of 25 physicians. Single-specialty groups can be a prime environment for learning more about your specialty and fine- tuning your skills. However, because every physician in the group practices the same specialty, referrals rarely come from within, and a practice's existing patients tend to gravitate to whichever physician they have seen before. A new physician may need to be proactive about getting his or her name out and building a client base. The amount of autonomy varies widely in this setting. At some single-specialty groups, physicians are highly involved in setting standards and procedu res. At others, physicians have less say. And while single-specialty groups often have more leverage with insurance companies than solo practitioners do, smaller groups still face similar struggles with insurance agencies and regulatory compliance. Multispecialty groups tend to employ more physicians than single- specialty groups, and they also offer a wider spectrum of services. Most multispecialty groups are general in focus, but some revolve around a certain area, such as diabetes or cancer care. "It's common to see some type of primary or family care included [in a multispecialty group], as well as several other specialties," says Philip Masters, M.D., FACP, vice president of membership and international programs at the American College of Physicians and an adjunct professor p Shoshana Ungerleider, M.D., counts a variety of specialists and continual learning opportunities as benefits of working at a large organization. · Photo by Mischa Photography See this issue's physicians in exclusive video interviews at Facebook.com/PracticeLink

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