Even before the pandemic, independent physician practices were facing challenges.
Beyond safeguarding the health and welfare of their patients, independent physician practices play a critical role in the fabric of our health system. They’re also strong economic drivers tightly woven into their communities by the commerce and jobs they create—which generate taxes to support schools, housing, transportation, and other public services in local communities.
But modern private practice faces increasing economic challenges often driven by non-medical issues such as increasing administrative burdens; large fixed overhead for staff, equipment, and space; and the lack of time or resources to develop expertise in evolving technology, regulation, and payment/reimbursement models.