Strategies for optimal physician practice onboarding

The merger and acquisitions frenzy gripping the healthcare field is alive and well. A key indicator is the fact that hospitals continue to acquire physician practices at an impressive rate. According to 2018 research from the Physicians Advocacy Institute, hospitals acquired 5,000 physician practices in a single year, continuing a four-year trend that by all indications will persist. Despite the high levels of activity, healthcare organizations still struggle to effectively integrate physician practices into the fold. From a business standpoint, there are several challenges that can emerge if the acquiring organization does not have a rigorous strategy in place.