RUNNING HEAD: Group Practice Operations Plan Part 1 1
Group Practice Operations Plan Part 1 2
Group Practice Operations Plan Part 1
Ronda Peacock
Dr. K. Mezu
Physicians Practice Management
January 30, 2022
The various forms of medical group practice
As a healthcare system, we have a variety of medical groups to choose from. Physician practices and locum tenens are engaged by most medical groups, including solo practitioners, single specialists, and multi-specialists.
A single physician handles all the clinical and managerial responsibilities of a solo practice group. This practice is typically run by a small staff and has a small patient population. A solo practice allows the physician to customize the training to their desire and build more personal interactions with their team and patients. Because of the small number of clients, this practice has income issues. Managing a medical practice is a full-time job for a doctor. All HR and administrative tasks necessary to keep the business running, such as contract negotiations with health care facilities, other medical centers, and insurance firms, would fall under this category. Also included would be the coordination of patient care and the billing and collection processes (Masters n.d.).
Single or multi-specialty comprises two or more doctors who share clinical and managerial duties in a group practice. This model has several advantages, including providing higher benefits due to the greater availability of resources and the distribution of clinical care coverage across all physicians. However, since group practices typically pay physicians depending on their effectiveness and the number of patients they see, there may be fewer options for new doctors to earn a living because of the restrictions on their ability to make decisions as individual physicians in a shared practice.
The selected organizational form for this practice
Physicians are now employed by either a medical practice or a hospital. This would be ideal for new doctors to learn from other doctors. The employing entity performs administrative duties. Guaranteed pay with performance-based incentives and bonuses. They have a large patient base and the support of other doctors. While these are fantastic benefits, there are some drawbacks to consider. For example, the employed physician may be required to do community and conference engagements without their consent.
Organizational goals of the practice and constraints that may be experienced
Since the advent of modern medicine, the physician’s role in patient care has evolved. These days, they’re more than just doctors who prescribe medication to patients. Many facets of medical practice influence the type of function a doctor must play. The physician’s position has changed in the modern era due to technological advancements and stricter regulations in the healthcare industry. In order to provide their patients with the most outstanding possible care, they must remain in tune with all of the state-of-the-art developments in technology. In addition, laws and regulations affecting the practice must be kept up to date. As a result, they must be health billers and collectors. Due to all these diverse roles, a “reboot of the academic requirements for clinicians to have a sustainable medical practice” has been implemented.
Time constraints with patients are among the most pressing issues that physicians face today as members of medical groups. As stated in a 2016: 2024 – Do my homework – Help write my assignment online study published in the Annuals of Medicine, physicians spend nearly half of their time on administrative tasks and charting, and only 27% of their time is spent seeing and providing care (Larson, 2018: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online). The second is the need to comply with regulatory requirements, which are ever-changing and must be met to avoid penalties and fines. The third problem is a lack of qualified workers, a common occurrence in medical practices, as prospective employees are drawn to larger medical institutions that may provide better benefits and working circumstances, including the possibility of growth. Providing employees with more advanced technologies might also make their days at work a little bit easier.
The role of nursing in the restructuring of the practice
A medical practice’s success relies heavily on its practice managers, who are in charge of everything from formulating business plans to overseeing the operation’s budget to handling human resources and other administrative duties. There are several skills that they must possess to execute these responsibilities. To be an effective leader, one must put their desires aside to focus on what is best for the practice as a whole. Patients, stakeholders, and other coworkers must communicate successfully with them. They must also set clear objectives and goals for their staff, provide feedback and inspire them by listening to what they say. Customers are able to know the difference in the quality of service offered when the team is motivated and involved in their work.
The practice manager will be more equipped to deal with the challenges of managing a medical practice if they possess these skills. The problem of improving operations, like medical office expenses and marketing budgets to attract new clients and quality workers, the money needed to invest in technological improvements like the deployment of an electronic health record are all examples of these challenges that must be overcome. The practice management must devise a plan to collect money owing from patients or face the risk of paying those charges themselves (Lage, 2017). Finally, for practices to be eligible for Medicare incentive payments for meeting quality-related metrics, the move to a value-based model must be completed (Lage, 2017).
The role of HRM in the physician practice
An effective HR strategy requires the management of human resources. They are in charge of monitoring and implementing personnel policies. Their work includes staffing, placement, retention, and legal research into healthcare legislation and regulations. Using these, management and the organization can better meet worker wants and concerns while making strategic decisions. Rather than reacting, HRM should be proactive by adopting strategies to avert issues. They must create job descriptions, assign responsibilities, evaluate employee performance provide feedback, and suggest improvements (Russell, 2018: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online).
To attain this purpose, HRM must first have a defined recruitment plan that includes a planned recruitment method. The program should consist of the company’s goals and objectives, and applicants should be informed. To select the most extraordinary candidate for clinical practice, applicants’ goals must align with the company’s. Employees who associate themselves with the organization’s goals boost employer-employee relations. The practice’s second purpose is brand promotion. This is required to express the company’s worth to future workers and job candidates. Show how they treat their employees and why this technique is better than others. Employees enjoy working in an environment that prioritizes their needs and interests. This has several advantages, including attracting new employees and patients. This job promotes people from varied backgrounds and cultures to solve the practice’s problems. It improves production and reputation, making the medical procedure more competitive. It can help patients communicate better. Because they better understand their own culture, Chinese or African-owned medical clinics can better relate to clients from those cultures.
Marketing strategy
A medical practice’s success relies primarily on its marketing strategy, which must be tailored to the needs of its target demographic. Today’s practice manager must recognize that patients are more active in their care planning and have more options than before. First, when a person acknowledges they need medical care, three elements must be considered: awareness, urgency, and desire to pay. Then comes the evaluation phase, when they look into the different practice groups available. This is a crucial moment because people are weighing their alternatives. The medical practice must have more benefits than drawbacks to compete. Customer service, price, and quality all play a role in the facility’s shutting or purchase of a product or service. The customer’s selection can make or break the relationship, affecting word-of-mouth promotion.
References
Larson, J. (2018: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online). 6 top challenges facing physicians. Retrieved from https://www.staffcare.com/physician-blogs/6-top-challenges-facing-physicians/
Masters, P. (n.d.). Types of medical practices. Retrieved from https://www.acponline.org/about-acp/about-internal-medicine/career-paths/residency-careercounseling/guidance/types-of-medical-practices
Russell, A. (2018: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online). The role of HR manager in health care. Retrieved from https://work.chron.com/role-hr-manager-health-care-19031.html
