(SOLVED)Why do physicians join a large or small physician group within a health care organization?
Type of Paper: Question-Answer
Academic Level: Undergrad. (yrs 1-2)
Paper Format: APA
Why do physicians join a large or small physician group within a health care organization? (MINIMUM 400 WORDS AND PLEASE DONT POST PICTURES FOR ANSWER THANKS)
Expert preview answer
A medical group is a network of independent doctors who own and operate their own practices .
These doctors join a medical group so they can stay independent while getting the support they need to take care of patients.
Some advantages of group practices are increased financial security and better control of lifestyle. Because of the larger number of physicians and increased size of the patient base, group practices are usually better able to accept and manage financial risk than solo practices.
And with more purchasing power, a larger group is often able to negotiate group discounts on medical supplies and equipment as well as better health insurance rates for employees.
** All of these factors lead to an increase in profitability. Other advantages to joining a large group include brand awareness.
** Despite these advantages, autonomy and decision-making ability decrease with the size of any group, increasing the risk for conflict around significant practice issues.
Larger practices may also tend to become more bureaucratic and policy driven.
Solo practice is described by its name—a practice without partners or employment affiliations with other practice organizations.
Although previously a common model, this type of medical practice is becoming less popular than in the past, although it is a strongly preferred by some internists.
Solo practices are usually characterized by a small staff and typically have a limited patient base.
This smaller size and the autonomy of being the only physician gives the advantage of being able to design, grow, and develop the practice as you'd like relative to other practice settings.
*** The solo cons :-
1...FINANCIAL :- This refers to the increased financial burden for funding the practice, making ends meet, and minding the ongoing overhead.
2...LACK OF COVERAGE : Without peer support, solo providers must ensure 24/7 coverage and contingencies for illness, vacations, and so on.
Therefore , physicians join a LARGE PHYSICIAN GROUP within a health care organization.