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Thriving as an
Independent Practice
S. Craig Tidwell, M.D.
Associates in Obstetrics and Gynecology, PC
This event is live as of XY
Survey of the Epocrates user base. February 2015.
Answered: 2,144 Skipped: 642
I would prefer to be
employed by a
larger group
58.14%
Given the opportunity,
doctors want to stay independent
3
20.10%
11.75%
I would prefer to
practice
independently
I am not
sure
4
Source: Bureau of Labor Statistics; NCHS; and Himmelstein/Woolhandler analysis of CPS
3500%
3000%
2500%
2000%
1500%
1000%
500%
0%
1970 1975 1980 1985 1990 1995 200 2005 2009
Physicians
Administrators
Growth of Physicians and Administrators
1970-2009
5
Clinical Transformation: New Business Models for a New Era in Healthcare. Accenture, 2012.
http://www.accenture.com/SiteCollectionDocuments/PDF/Accenture-Clinical-Transformation-New-Business-Models-for-a-New-Era-in-Healthcare.pdf#zoom=50
Business Costs & Expenses
Prevalence of Managed Care
EMR Requirements
Maintaining/Managing Staff
Number of Patients Required to
Break Even
87%
61%
53%
39%
53%
Top Concerns That Influence Decision to
Seek Employment
6
Source: athenahealth’s addressable market (physicians) based on athenahealth analysis
using SK&A, HIMSS, and self-collected data
% Employed Physicians
800
700
600
500
400
300
200
100
-
2011 2012 2013 2014
650K 676K 684K 692K
44% 50% 57% 57%
56% 50% 43% 43%
Employed
Independent
7
First signs that physician consolidation has
leveled off
Care is moving out of the hospital while
outpatient visits continue to rise
8
35
30
25
20
15
10
5
0
-5
-10
-15
-20
v v
v
v
v
v
v
v
v
v
v
v 33%
-17%
Outpatient
services per
FFS Part B
beneficiary
Inpatient
discharges
per FFS Part A
beneficiary
v
v
v
v
Fiscal year
Cumulativepercentchange
vv
2006
2007
2008
2009
2010
2011
2012
20
13
9
Independent providers see
16% more
patients
than employed providers
Independent
practices see
5.9% fewer
no-shows
than owned
practices
5.9%
Source: athenahealth Data, 2015
10
Patients wait
4 days longer
to see an employed PCP than
an independent PCP
Source: athenahealth Data, 2015
What’s the
Solution?
12
 Obstetrics & Gynecology
 6 physicians
 6 certified nurse midwives
 32 staff members
 1 office in Dalton, GA
 510 patient visits per
month/doc
 3,074 patient visits per
month/practice
 On the network since 2012
Associates in Obstetrics
and Gynecology
13
14
Before athenahealth
15
 Needed an EHR to stay current and
achieve Meaningful Use
 Dealing with self-pay problems &
collection issues
 Challenges with managing billing
department
 Wanted better outreach and
communication
Before athenahealth
16
17
On-Boarding
“With the assistance of training modules, templates, and
project managers, the implementation was much
easier than we thought.”
athenahealth Solutions
18
1 athenaClinicals
athenaCollector2
athenaCommunicator3
Meaningful Use
19
Flexibility in the Cloud
20
www.aogdalton.com
21
Measurable Practice Results
1.1 charge entry lag days
96.3% same day encounter close rate
3.4 minutes Provider documentation time:
36 days days in Accounts Receivable
$160,000 in Meaningful Use incentives
22
 Increased Visibility and Management Control
 Reports – Capture and Track Key Metrics
 Claims
 First Pass Resolved Rate = 93.3 %
 Easy Submission
 Less Work
 Rules Engine
 Positive Impact on Accounts Receivable:
 10.97% decrease in Days in Accounts Receivable
 Efficiency of the front office
 Staffing Improvements
 Practice Growth
athenaCollector – 2012
 Access anywhere, anytime
 Document encounters more efficiently
 Spending more time with patients
 Integrated care capabilities
 Easy workflow
 Coordinating patients’ care
Exporting charts
Easy to read, relevant information, minimal records
athenaClinicals – 2012
 Improve staff efficiency
 Call backs by Athena
 Group Call options:
 ReminderCall
 GroupCall
 ResultsCall
 Improved communication & Scheduling
 Patient visits increased 2.93%
 No show rate decreased 16.2%
 Participation in their medical care
 Patient Portal - 24/7 Access
Patient Satisfaction
athenaCommunicator – 2012
26
Unmeasurable Results
27
After athenahealth
28
Work/Life Balance
Thank You
S. Craig Tidwell, M.D.

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Thriving as an Independent Practice

  • 1. Thriving as an Independent Practice S. Craig Tidwell, M.D. Associates in Obstetrics and Gynecology, PC This event is live as of XY
  • 2.
  • 3. Survey of the Epocrates user base. February 2015. Answered: 2,144 Skipped: 642 I would prefer to be employed by a larger group 58.14% Given the opportunity, doctors want to stay independent 3 20.10% 11.75% I would prefer to practice independently I am not sure
  • 4. 4
  • 5. Source: Bureau of Labor Statistics; NCHS; and Himmelstein/Woolhandler analysis of CPS 3500% 3000% 2500% 2000% 1500% 1000% 500% 0% 1970 1975 1980 1985 1990 1995 200 2005 2009 Physicians Administrators Growth of Physicians and Administrators 1970-2009 5
  • 6. Clinical Transformation: New Business Models for a New Era in Healthcare. Accenture, 2012. http://www.accenture.com/SiteCollectionDocuments/PDF/Accenture-Clinical-Transformation-New-Business-Models-for-a-New-Era-in-Healthcare.pdf#zoom=50 Business Costs & Expenses Prevalence of Managed Care EMR Requirements Maintaining/Managing Staff Number of Patients Required to Break Even 87% 61% 53% 39% 53% Top Concerns That Influence Decision to Seek Employment 6
  • 7. Source: athenahealth’s addressable market (physicians) based on athenahealth analysis using SK&A, HIMSS, and self-collected data % Employed Physicians 800 700 600 500 400 300 200 100 - 2011 2012 2013 2014 650K 676K 684K 692K 44% 50% 57% 57% 56% 50% 43% 43% Employed Independent 7 First signs that physician consolidation has leveled off
  • 8. Care is moving out of the hospital while outpatient visits continue to rise 8 35 30 25 20 15 10 5 0 -5 -10 -15 -20 v v v v v v v v v v v v 33% -17% Outpatient services per FFS Part B beneficiary Inpatient discharges per FFS Part A beneficiary v v v v Fiscal year Cumulativepercentchange vv 2006 2007 2008 2009 2010 2011 2012 20 13
  • 9. 9 Independent providers see 16% more patients than employed providers Independent practices see 5.9% fewer no-shows than owned practices 5.9% Source: athenahealth Data, 2015
  • 10. 10 Patients wait 4 days longer to see an employed PCP than an independent PCP Source: athenahealth Data, 2015
  • 12. 12
  • 13.  Obstetrics & Gynecology  6 physicians  6 certified nurse midwives  32 staff members  1 office in Dalton, GA  510 patient visits per month/doc  3,074 patient visits per month/practice  On the network since 2012 Associates in Obstetrics and Gynecology 13
  • 15. 15  Needed an EHR to stay current and achieve Meaningful Use  Dealing with self-pay problems & collection issues  Challenges with managing billing department  Wanted better outreach and communication Before athenahealth
  • 16. 16
  • 17. 17 On-Boarding “With the assistance of training modules, templates, and project managers, the implementation was much easier than we thought.”
  • 20. Flexibility in the Cloud 20
  • 22. Measurable Practice Results 1.1 charge entry lag days 96.3% same day encounter close rate 3.4 minutes Provider documentation time: 36 days days in Accounts Receivable $160,000 in Meaningful Use incentives 22
  • 23.  Increased Visibility and Management Control  Reports – Capture and Track Key Metrics  Claims  First Pass Resolved Rate = 93.3 %  Easy Submission  Less Work  Rules Engine  Positive Impact on Accounts Receivable:  10.97% decrease in Days in Accounts Receivable  Efficiency of the front office  Staffing Improvements  Practice Growth athenaCollector – 2012
  • 24.  Access anywhere, anytime  Document encounters more efficiently  Spending more time with patients  Integrated care capabilities  Easy workflow  Coordinating patients’ care Exporting charts Easy to read, relevant information, minimal records athenaClinicals – 2012
  • 25.  Improve staff efficiency  Call backs by Athena  Group Call options:  ReminderCall  GroupCall  ResultsCall  Improved communication & Scheduling  Patient visits increased 2.93%  No show rate decreased 16.2%  Participation in their medical care  Patient Portal - 24/7 Access Patient Satisfaction athenaCommunicator – 2012
  • 29. Thank You S. Craig Tidwell, M.D.

Editor's Notes

  1. Thriving as an independent practice is incredibly difficult in today’s world. Managing changing governmental regulations alone and striving to remain competitive while offering the best quality care, staying independent can sometimes feel very overwhelming. Image Source: http://funnyasduck.net/post/6695
  2. Even in the face of many daunting challenges, most physicians do still want to be independent. (This data was taken when athenahealth acquired Epocrates in March of 2013 and sent out a poll to the users.) Most do want to run our own business so it is unfortunate that actually most aren’t.
  3. We’ve all seen the headlines and the alarming trends in the news and media. Providers are giving up their private practices and new physicians are coming out of medical school with overwhelming debts. Especially now with the move away from fee for service reimbursements to quality driven reimbursements, it’s become a trend now to see healthcare professionals accept jobs at hospitals or larger health systems.
  4. It’s not just providers feeling these cumulating pressures, either. Over the last 20 years the amount of administrators it takes to manage the day-to-day workload of running a practice has increased exponentially.
  5. Even the way a practice is managed has changed. Overall business costs and expenses make it hard to stay afloat in the face of falling reimbursement rates and simply maintaining a strong staff able to manage changes as well as patient revenue can be a struggle.
  6. While there are a lot of factors that can influence the decision to remain independent and it is in no way an easy choice, there is still some good news beneath it all. Data has shown over the past few years the percentage of employed physicians versus the percentage of independent physicians has slowed down, perhaps indicating a positive change with independent providers pushing back against industry pressures.
  7. Another interesting trend seen in recent years is that a lot of care has moved out of the inpatient setting. This is actually putting physicians in a good position to capitalize on this as hospitals merge and consolidate with outside practices. There are many theories to why this is happening but if you are able to stay one step ahead there is still more than enough room to see success as a private practice.
  8. It is important to note through all of this that independent providers are better at providing the quality care that patients want. We are all concerned with being dedicated to our patients but the statistics prove how much more responsive independent practices can be to patient needs. Retention rates and lower no-show numbers independent physicians experience over employed physicians is another encouraging reason to stick out the struggles.
  9. It is important to note through all of this that independent providers are better at providing the quality care that patients want. We are all concerned with being dedicated to our patients but the statistics prove how much more responsive independent practices can be to patient needs. Retention rates and lower no-show numbers independent physicians experience over employed physicians is another encouraging reason to stick out the struggles.
  10. So, how do you stay independent? There is actually an answer to this rather big question but before I tell you I want to talk about chocolate.
  11. I had a friend who once worked in sales for Hershey’s and I remember how everyone would tell him that he must have the easiest job in the world. Everyone loves chocolate so selling it must be a breeze. I feel a little like him now when I talk about athenahealth because to me, selling athena is as easy as selling chocolate. Image source: https://frenchbroadchocolates.com/charleston-wine-food-festival-2014/
  12. My practice is located in Dalton, Georgia and is in OB/GYN and we have been on athenahealth’s network since 2012.
  13. Who needs a Staples “That was easy” button? “Attest Now” is so much better…
  14. Patient Portal anecdote