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[Cost-effectiveness study of internist joint practices]
Raphael Patrick Dupierry1, Martin Kaschny
1dupierry@gmx.de
Medizinische Klinik (Munich, Germany : 1983)
|July 8, 2008
Summary
Internist doctor practice management can be improved through cooperation. Smaller joint practices show higher efficiency and returns compared to individual practices, while larger ones may face increased costs.
Area of Science:
- Medical Practice Management
- Health Economics
- Internal Medicine
Background:
- Physicians acting as practice managers require business acumen for economic stability.
- Effective practice management is crucial for internist doctors.
Purpose of the Study:
- To identify key strategies for effective management of internist doctors' practices.
- To analyze the economic impact of practice cooperations on return and cost structures.
Main Methods:
- Analysis of 495 business assessments from DATEV eG for internist practices.
- Comparative analysis of financial data between individual and joint internist practices.
Main Results:
- Smaller joint internist practices (avg. turnover €573,071) achieved ~6% higher returns than individual practices (avg. turnover €384,049).
- Larger joint practices (avg. turnover €1,618,608) showed ~6% lower returns due to higher material, personnel, and occupancy costs.
- Medium-sized joint practices demonstrated greater efficiency than both individual and large joint practices.
Conclusions:
- Internist practice cooperations can be economically beneficial.
- Optimal cost efficiency and profit increase in internist cooperations depend on practice size, service offerings, and human resource management.
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