Increasing Efficiencies in Practice Management Helps Physicians Focus on Clinical Care: Critical Consideration #3Thought Leaders in Health Law Video Series April 2020
A private equity (PE) transaction can give a physicians group more room to focus on clinical care as they relinquish much of the administrative and practice management duties. A PE partnership allows physicians access to the PE platform’s seasoned and sophisticated management team and capital.
The team can provide managed-care contracting expertise, advanced electronic medical record capabilities, excellent billing and collection teams, financial management, HR executives, compliance staff, and more. Not only will significant cost savings be enjoyed, but operations will be improved and expanded.
On the flipside, PE investors don’t want to tell physicians how to practice medicine. In fact, in many states, interference of that kind is illegal. PE investors will keep their focus on improving the business aspects of the practice.
Stay tuned for more top considerations for physician groups evaluating PE.
To learn more, join us for our Physician Transactions 2020 webinar series.
You can also read more about the impact the COVID-19 pandemic has had on transactions in “INSIGHT: Health-Care Transactions Will Pick Back Up After Virus,” an article in Bloomberg Health Law & Business News, by Anjali N.C. Downs, Gary W. Herschman, and Anjana D. Patel.
The Thought Leaders in Health Law® video series tracks the latest trends in multiple areas of the health care and life sciences industries, featuring attorneys and advisors from Epstein Becker Green and EBG Advisors.
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