Market Overview

Solution Mode to Survival Mode

Share:

NEW YORK, Sept. 18, 2020 /PRNewswire/ -- Castle Connolly Private Health Partners (CCPHP) and Medical Economics teamed up to offer a possible lifeline to private practice physicians around the country. The two organizations hosted a webinar for over 300 physicians across the nation on Wednesday, August 26th which featured two top concierge physicians sharing their experiences navigating private practice in this day and age.

Dr. Kim Parks of Synergy Private Health, in Massachusetts and Dr. Paul Knoepflmacher of New York City, both CCPHP Partners, shared their stories in a candid discussion with Dr. Dean McElwain, President, COO and Co-Founder of Castle Connolly Private Health Partners. They discussed the challenges facing private practices even before the "COVID Era," their thought processes in deciding to convert their practices to a concierge model, the conversion process as well as navigating the pandemic as a concierge physician.

The discussion was a true glimpse into the process of transitioning a practice and how it can be a great solution to the issues facing private practices. Many are struggling, MGMA reports that 97% of private practices have been affected financially by the pandemic. Even before March of 2020, many practices were dealing with decreasing reimbursements, increased administrative duties, physician burnout, and a revolving door of patients with increasingly complex needs that can't be addressed in a 7-minute visit.

So many doctors are considering selling their practice to a large hospital system, however, that can come with another set of challenges such as being held to a certain number of RPU's and less autonomy when it comes to running the practice on the day to day. Other physicians are contemplating early retirement leaving their patients to scramble and find another physician amidst a pandemic. Dr. Parks and Dr. Knoepflmacher explained exactly how transitioning to a membership model saved their private practices. To watch the full webinar and learn more:

https://ccphp.net/blogs/survival-mode-to-solution-mode-webinar/

CONTACT: Lisa Wielgomas, 212-367-1950 ext. 1003, lwielgomas@ccphp.net

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/solution-mode-to-survival-mode-301134135.html

SOURCE Castle Connolly Private Health Partners, LLC

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com