Health systems must be proactive in addressing independent physician practices impacted by the COVID-19 to ensure services are not disrupted once routine and elective care again becomes a reality.
Health systems and their associated employed provider networks are beset with immediate financial losses, and future financial uncertainty as elective care was essentially eliminated by the COVID-19 (coronavirus) pandemic in the United States.
Since the nation does not currently embrace a common naming convention, HSG has adopted using Advance Practice Providers (APPs) as the naming convention for non-physician, direct care providers in the office setting.
Advanced Practice Provider (APP) employment methodologies and compensation philosophies should be reviewed to maximize alignment with organizational goals and objectives.
As the nation begins to emerge from the depths of the COVID-19 Pandemic, there is a high probability hospital business models will change. Review HSG's observations on the six biggest strategic implications.
Hospitals and health systems have increasingly employed physicians rather than physicians owning their own practice, which has caused a fundamental shift.
