Consider the following scenario for the basis of this assignment:
You are a practice management consultant. You consult on logistics of managing the daily operations of a medical practice, as well as the financial components. You have been hired by a group of three physicians, wanting to start their own private practice. They have asked you to provide a presentation summarizing the financial benefits and risks associated with two practice models: a traditional insurance-based practice, and a direct primary care model (not accepting patient insurance).
Use these details for your presentation content:
- Audience: A new practice group – three physicians you are consulting for. Each is established in the area, each currently has a full patient panel.
- Presentation content:
- Title slide
- Introduction
- Benefits of a practice accepting insurance
- Risks of a practice accepting insurance
- Benefits of a direct care model
- Risks of a direct care model
- Conclusion
- Reference slide
- Important: Your presentation must focus on the physician’s and business/financial perspective. For example, one drawback to a direct care model can be that patients who use Medicaid for insurance can be excluded from this type of practice. The issue of patient access should not be a key point, however, you may focus on the loss of potential revenue as a key point.
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