Today, many practicing and graduating physicians choose hospital employment over traditional private practice. Due to the pressures of the Affordable Care Act and increasingly difficult relationships with insurance companies, many physician entrepreneurs have been left feeling as if the only way for them to handle the new pressures placed on their practices is to align themselves with major groups and health systems.
While this is a path that many physicians have chosen, still others in private practice have chosen other ways of dealing with the new demands while maintaining their independence. One way many such practices have been able to adapt is by joining an independent practice association. These associations often allow practices to hold on to their independence while providing them with the support and leverage they need to stay independent. But an independent practice association (IPA) isn’t for everyone.
Is an independent practice association for you? Follow the flow chart to see if the benefits you need are provided by many IPAs.
IPAs offer physicians who choose to hold on to their autonomy access to services and support that they would otherwise not be able to afford or have access to. By joining others like them to pool resources, these physicians can remain independent while also staying competitive in a changing health care landscape.