'Mega' Pediatric Group Allows Doctors to Focus on Patient Care as the Business Side of Private Practice Becomes More Difficult to Sustain
Posted on: Tuesday, 9 December 2008, 11:49 CST
LONG ISLAND, N.Y.,
Dr. Meah is not alone in her frustrations with private practice. A
APNY addresses these critical issues with a business model that has been successful in corporate America for decades: gather forces in order to increase buying and negotiating power while turning non-clinical burdens over to administrative experts. Pediatricians, in particular, rely entirely on commercial insurers to provide compensation for the general office visits that make up the bulk of their practices. Reimbursement rates have remained virtually unchanged since 2001, and some medicines, including vaccines, cost the pediatrician more than they receive in compensation. Add to this the rising cost of malpractice insurance and the expenses of running a business, and many private practice pediatricians must take a loss in order to deliver the best care.
"I didn't want the headache of managing all of the small business details, like keeping track of every HMO change or making sure we had toner for the printer. APNY has helped relieve those practice management concerns, so I can focus on my patients while I'm at work and I have more free time for my own family," said Dr. Meah. "One of the benefits I've most enjoyed is working with some of the top pediatricians in the area. We are able to share experiences, consult on clinical problems and share best practices."
APNY pediatricians benefit from dramatically reduced administrative burdens, deeper discounts on vaccines and supplies, and better relationships with insurers. At the same time, each practice is able to retain its autonomy and personal style of patient care. Pediatricians interested in joining APNY are carefully screened and must meet high standards for patient care and business practices.
APNY membership has grown 20 percent over the past year, and the group is investing in additional benefits for physicians, staff and patients. APNY recently opened an after-hours clinic in
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Source: PR Newswire
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