The profession of Physician Practice Management (PPM) accelerated during the 1980’s with the development of Investor Owned PPM companies and the acquisition of private medical practices and the concurrent employment of those physicians. While this Investor Owned model was a pure “Wall Street Play”, meant to leverage the asset value and future earnings from these medical practices, this model was not sustainable and ultimately imploded.
Physicians who were employed by these companies became disenfranchised about the benefits of employment and began returning to private practice. However, the benefits brought about by the PPM companies involved the application of sound healthcare business principles toward the management of physician practices and, thus, the PPM industry as we know it today was created. Furthermore, physicians were looking for solutions to improving patient care processes within their practices while, at the same time, increasing their practice profitability and improving practice operations. Although the majority of physicians today are employed by various healthcare entities, both employed and private practice physicians are seeking the same outcomes in terms of improvement in their professional and personal lives.
After having served in various senior management positions within hospitals and major medical practices across the United States, our Executive Staff decided to develop and apply the same business principles to physician practices, focusing on our proprietary system known as “The Five Levers for Medical Practice Improvement”. We have been privileged to serve over 500 hospitals and tens of thousands of physicians during our 30 years in business. Indeed, our satisfaction comes from witnessing the financial and operational improvement of our clients and contributing to their ongoing success.