| What's a Micropractice? |
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Page 3 of 3 Clemensen estimates that his current income is roughly "70 percent of what an entry-level job in family practice would be." That suits him for now, given his other interests. But he knows that, when the time comes, he could easily increase his revenue. "Building this kind of practice from the ground up, you learn a lot about the economics of medicine," he says. "It's easy to see how to improve your efficiency and bottom line." The IMP model—not just for soloists?
The benefits of ideal micropractices—lower overhead, better efficiency, more time for patient visits, enhanced physician and patient satisfaction—certainly make it a model worth investigating. But there are downsides, only some of which can be mitigated at this point:
For this reason, Dartmouth's John Wasson has been testing the idea of a "confederacy of micropractices," which enables IMPs across the country to share resources like patient education nurses, thereby reducing individual practice costs.
Besides being a jack-of-all-trades, an IMP doctor must also embrace technology, and not just grudgingly. "If you're not comfortable using a computer or doing some of your own IT management, you either hit a roadblock or you end up hiring people to do it for you, which increases overhead," says Clemensen.
Talk of "flatter" organizations and reduced overhead is music to the ears of a growing number of businesspersons—including the National Business Coalition on Health. "Businesses are interested in micropractices not only because they have a positive impact on their bottom lines, but because they encourage more collaborative physician-patient relationships," says Andrew Webber, NBCH president and CEO. "That yields better quality care and healthier, more productive employees." |
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