Mark Lutes, Gary Herschman Included in “Physician Practices Look for Options as Costs Rise”

Bloomberg BNA Health Care Daily Report

Mark E. Lutes, Chair of the firm’s Board of Directors, and Gary W. Herschman, a Member of the Firm in the Health Care and Life Sciences practice, in the firm’s Washington, DC, and Newark offices, respectively, were included in the Bloomberg BNA Health Care Daily Report, in “Physician Practices Look for Options as Costs Rise,” by Mary Anne Pazanowski.

Following is an excerpt:

Attendees explored these and other alternatives at a briefing sponsored by the law firm of Epstein Becker & Green, its affiliate EBG Advisors, consulting group Pinnacle Healthcare Consulting and financial advisers Provident Healthcare Partners and Alvarez & Marsal Transaction Advisory Group. …

The panel's other members were Mark E. Lutes, Epstein Becker & Green's chair and a member of the firm's health-care practice, and Anthony Long, a principal at Pinnacle and a fellow of the American College of Healthcare Executives.

Physicians’ goals will determine the best alternative for a particular practice. Does the group want to maintain control over the practice with some managerial assistance, or does it prefer to cede management to another entity? Are the physicians looking for a large payment immediately or steady compensation, with a possible payout a few years down the road?

The answer also depends on what an individual practice needs to succeed, Epstein Becker & Green health practice group partner Gary W. Herschman said. “There is no silver bullet,” he told Bloomberg BNA.

Learn more about the briefing described in the article.