This is part 3 of a three-part series on the importance of independent specialty practices in America. Part 1 explains why independent medical practices are foundational, part 2 describes the challenges of independence, and this final part explains why the right partner can make all the difference.
You’ve spent years on your education and building your practice into what it is today. The unfortunate truth is there is too much expected of independent healthcare providers. It’s not sustainable to manage all the business components of a practice, and stay up to date on the latest policy changes, and do your actual job: providing excellent clinical care to patients. You can’t do it alone — but you also don’t need to submit to the corporate pressures of consolidation.
You may be under siege, but there are ways to go about retaining your independence. We recommend finding an expert partner who can take care of the details of the business and the tools your practice needs to flourish while remaining independent.
You Need a Holistic Independent Practice Management Partner…
…Who Can Get You Out of Metric Mayhem
Doctors are stuck in metric mayhem — tons of metrics from everyone, about everyone, to determine everything. Payers have metrics for doctors, hospitals have metrics for doctors, and even PE has metrics for doctors. Unfortunately, many metrics are built based on corporatized models that focus on profits instead of patient care. The right partner will help you understand and improve the most valuable metrics that will make an actual difference in solidifying your practice independence.
Have you considered what the right metrics are for your practice to remain independent?
…Who Can Help You Answer All the Right Questions
The future of your practice hinges on critical partnerships with payers, providers, and referring providers. It's these partnerships that will keep you on the path of independence. Establishing and maintaining these partnerships requires a comprehensive understanding of your practice. The right partner will be able to help you answer questions like:
- Are you using your independence to negotiate favorable payor agreements?
- Have you explored alternative payor agreements?
- Are practice processes like prior authorizations streamlined and efficient?
- Do you know where your referrals are coming from?
- Are payers sharing your performance data with other PCPs in your market?
- Do you have the right data to make decisions that support your independence?
Do you know how to answer these critical questions?
…And Help You Bring the Focus Back to Medicine
The best way to provide quality, affordable healthcare is to preserve the independence and autonomy of physicians. The relationship between physicians and their patients needs to be preserved and enhanced. It’s complicated, but physicians with the right partnerships and tools cannot just survive but flourish in this new environment.
Are you ready to unlock your practice’s potential while solidifying your independence?
TRIARQ: The Independent Practice Management Partner You’ve Been Looking For
Much of the advice and technology currently on the market is built on strategies favoring profits and, therefore, consolidation. We’re focused on defending the practice of independent specialty medicine and are equipped with a robust toolkit specifically designed to serve the independent market. We only work with independent specialty practices and have the expertise to optimize workflows, reduce denials, and meet cash flow budgets. Our goal is to help you:
- Solidify payer relations
- Maximize profitability
- Close gaps in patient care
- Improve reputation and practice positioning
- Optimize operational and financial performance
- Streamline administrative management
Your Practice Expertise + Our Independent Practice Management Industry Expertise
While you’re an expert on everything related to your clinical practice, we’re experts across many medical business practices. We have the resources, data, and insights required to stay up to date on market needs and advise you on how to keep moving forward. Our deep understanding of the operational requirements it takes to run a practice today can help strengthen your independence now — and put you in a position to be ready to take on the next set of industry changes in the future. This includes things like:
- How payers work
- How risk contracts are becoming more available
- How these opportunities create flexibility for providers to deploy clinical pathways
- How to support adherence to clinical pathways through clinically integrated networks
- … and more.
Your practice is unique, so you’re faced with unique challenges.
Those unique challenges require custom solutions.
But they tie into the same goal: remaining independent.
Every practice has a unique story, and we work with you to develop that story into a clinically compelling argument that attracts payers, providers, and patients. Your story, combined with our market expertise, gives a solid basis to complete a holistic evaluation of your entire practice. From there, we work together to build a custom plan that addresses the specific challenges you’re facing within your practice, determine how to solidify your space in the market and find additional opportunities to maximize revenue.
Our goal is to help you fulfill your vision of running a profitable, independent practice that delivers the highest quality care.
Our expertise gives us a bird’s-eye view of what’s happening across other independent practices and within the healthcare industry. These insights mean we can provide you with the same kind of policy, revenue, insights, and strategic planning capabilities that Big Health is using against you… but adapted to meet your practice needs.
We’ve worked with physicians for years, and we will work with you to build a comprehensive action plan that will help your practice evolve and flourish.