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Free Suburban Chicago Breakfast Seminar: Intellectual Property--Issues for Physicians & Medical Practices

Posted by Matthew Smith on Nov 11, 2014 10:41:00 AM

Intellectual Property, Independent Physician AdvisorsChicagoland independent practices are welcome to join the Independent Physician Advisors this Thursday, November 13th at 7:30 am in Oakbrook Terrace for their complimentary monthly breakfast seminar: Intellectual Property: Issues for Physicians & Medical Practices.

Presenting this seminar will be internationally known attorney, David Adler of the Adler Law Group.

You will learn:

  • The difference in creation, scope and protection of Patents, Copyrights and Trademarks
  • The Business Risks created by the failure to Identify, Protect and Enforce IP rights
  • The Business Risks created by online business (websites, domain names, online advertising)
  • The Business Risks created by Customers, Employees and Vendors who use Social Media

Seminar Outcomes

By the end of this session, you will have new learning insights as to:

  • How to protect your practice from potential IP infringement claims
  • How to protect your practice from Employee IP theft
  • How to protect your business from online attacks to reputation and branding

Presenter:

David M. Adler, Esq. is the principal attorney and driving force behind the Firm's Technology Practice Group with an extensive background and experience in corporate law, including contract interpretation, drafting, negotiation, and enforcement and intellectual property law.

He received his law degree from the DePaul University College of Law where he wrote for the DePaul Arts & Entertainment Law Journal. He received a Bachelor of the Arts in English, a Bachelor of the Arts in History with a minor in Chemistry from Indiana University in Bloomington, Indiana.

Outside the practice of law, Mr. Adler teaches an undergraduate course on E-Business in the Arts, Entertainment & Media Management Department of Columbia College Chicago. He also currently chairs the Chicago Bar Association's Start-up and Entrepreneurial Ventures Subcommittee and contributes to Workz.com as a "guest expert" columnist for the ecommerce and small business sections.

Schedule:

7:30am    Hot Breakfast & Networking
8:00am    Presentation 
9:30am    Q&A and open networking

Location:

Redstone American Grill
13 Lincoln Center
Oakbrook Terrace, IL 60181
(630) 268-0313

Sponsor:

EHR Chicago

Registration:

This event is complimentary, however advanced registration is required. We ask that attendance be limited to independent physicians and their office staff.

To register for this event, please click the button, below:

Register for Breakfast Seminar

Topics: Independent Physician Advisors, Independent Physicians, Medical Practice, Independent Physician Practice, IPA, Intellectual Property

Physician Employment Continues to Grow | Up 33% Since 2000

Posted by Matthew Smith on Jan 21, 2014 4:39:00 PM
Via Kansas City Star

Independent Physicians, Employed PhysiciansQuickly and quietly, hospitals across the country have been buying up hundreds of doctors’ medical practices and hiring thousands of formerly independent physicians.

Since 2000, the number of doctors on hospital payrolls nationwide has risen by one-third, according to the American Hospital Association.

The future solvency of the nation’s health care system may rest on how doctors adapt to a corporate style of medicine and on whether hospitals put the doctors to work improving patient care or fattening the hospitals’ bottom lines.

The hope of the Obama administration, as well as many independent health care experts, is that hospital systems will use their new employee-doctors both to keep people healthier and save money by preventing unnecessary trips to emergency rooms.

It’s far from clear whether those goals will be realized.

What is certain:

  • Hired doctors already are bringing hospitals billions of dollars in revenue by funneling patients to their services. There’s enough money at stake, and a great enough concern about monopoly power over health care markets, to draw the attention of federal government watchdogs.
  • As they buy out independent doctors and acquire their clinics, many hospitals are tacking “facility fees” onto those employee-physicians’ bills. For Medicare patients, these fees can bump up costs by 70 percent compared to the bills for basic office visits to independent doctors.
  • Young physicians are embracing hospital employment for a variety of personal and financial reasons, while older doctors are selling their practices out of frustration over declining payments for their services. Some observers say we’re seeing the death of independent medical practices.

The trend is playing out across the country, particularly in growing suburbs with well-insured residents like Overland Park, KS, Spartanburg, SC, and Phoenix, AZ,where hospitals have been buying up large independent practices.

Other hospitals, like the Cleveland Clinic and Heartland Regional Medical Center in St. Joseph, have been hiring physicians to staff new outpatient facilities in direct competition with independent doctors.

“No one wants to be left out,” said Joy Grossman, a senior health researcher with the Center for Studying Health System Change, a Washington think tank. “It becomes a war between hospitals to acquire practices.”

Fueled by Referrals

For hospitals, the spoils of that war begin with referrals.

It’s a business model adopted by hospitals across the country: Hospital-employed primary care doctors refer patients to the hospital’s employed specialists, who admit the patients to the hospitals that employ them.

As those patients make their way through, the employed doctors order their tests, lab work, MRIs, surgeries and other lucrative services through their hospital system. By one estimate, these revenues average $1.5 million a year per physician.

Hospitals with strong exclusive networks of doctors have far greater leverage than independent doctors to negotiate higher payments from insurance companies. Costs can soar where hospitals command large shares of the market.

“We see it every day in hospitals across the country. They use their clout to increase prices for physicians,” said Robert Zirkelbach, vice president of America’s Health Insurance Plans, the industry’s trade association.

“When a hospital buys a practice, its rates will increase in the following year’s contract. Increases of 20, 30 or 40 percent are not uncommon. It’s not 3 or 4 percent, that is for sure.”

Hospitals Doing Most Recruiting of Physicians

Each year, the physician search company Merritt Hawkins tracks efforts to recruit physicians into different types of medical settings, including hospitals, group practices, physician partnerships and community health centers. Increasingly, it’s hospitals that are doing the most recruiting.

Hospitals’ percentage of all physician search assignments

2004: 11%

2005: 19%

2006: 23%

2007: 43%

2008: 45%

2009: 45%

2010: 51%

2011: 56%

2012: 63%

2013: 64%

Source: Merritt Hawkins

Independent Practice, Independent Physician, Physician Practice, Allied Physician

Topics: Employed Physicians, employed physician practices, Employed Medical Practices, Independent Physicians, Affordable Care Act, Independent Physician Practice

New Download: How to Survive & Thrive as an Independent Practice

Posted by Matthew Smith on Oct 1, 2013 1:43:00 PM

Download, Independent Physician PracticeWe've all seen the recent uptick of private medical practices closing their doors--and physicians choosing hospital employment. But some physicians choose to stay the path of independence...and they're thriving.

A number of financially viable options exist which allow physician practices to remain independent and experience personal satisfaction in their practice--even given today's tumultuous healthcare environment.

Our new guide, "How to Survive and Thrive as an Independent Practice" examines a handful of options facing the independent practitioner. Topics include:

• Review industry trends
• Identify key operational tactics to remain independent
   –Care Coordination
   –Technology
   –Quality Programs
• Consider alternative strategies to remain independent
   –Practice mergers
   –Space sharing
   –Concierge practice
• Top “10” List to remain independent

To download your complementary copy, simply click on the button below and share some basic information with Health Directions.

Independent Practice, Independent Physician, Physician Practice, Allied Physician

Topics: Independent Physicians, Independent Physician Practice, IPA, Download, PHO

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