Wednesday, April 4, 2018
10:00am – 11:30am AZ time
Registration deadline is March 30th. Registrations made after this date will incur a $25.00 late fee.
Hospitals and physicians have struggled to find a mutually beneficial integration strategy that balances the goals and objectives of both parties. Most hospitals have resorted to traditional practice purchases and employment models, or contractual arrangements whereby the hospital simply purchases services from physicians through a professional services arrangement. These models rarely result in an alignment of strategies and often result in large economic losses for the hospital.
The Group Practice Subsidiary (GPS) model is a unique and innovative approach to hospital-physician integration that is receiving rave reviews from both hospital and physician leaders as a win-win alternative solution. The GPS model reduces economic risk to hospitals as there is no economic subsidy involved. Further, the hospital benefits from the physicians’ commitment to strategic initiatives around quality, community strategy, and alternative reimbursement arrangements. Physician groups love the GPS model because they are able to retain a tremendous amount of autonomy with respect to the day-to-day practice decisions, while benefiting from the hospital’s size and scale around contracting.
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