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How to break even on an acquired primary care network
1Ambulatory Management Services, Inc., Westerville, Ohio, USA. mhalley@amsnetworks.com
Abstract:
Challenged by declining revenues, hospitals are taking steps to improve the financial performance of hospital-owned primary care group practices. Although some hospitals are divesting themselves of their group practices, others are attempting turn-around strategies to help them break even on their investment. Ensuring that expenses do not exceed revenues in a primary care network can be achieved by implementing initiatives on network-wide and practice site levels and may require draconian measures. By setting a financial target of break-even, primary care practices can experience dramatic improvements.