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Faculty Group Practices

The foundation of a high-performing clinical enterprise.

Faculty Group Practices

As the demands on clinical faculty grow, so does the need for an integrated and efficiently managed faculty group practice that enables close health system alignment while strengthening the academic enterprise. Faculty group practices require trusted advisers who fully understand and appreciate the competing priorities that faculty face and can generate practical solutions to support them in fulfilling their multiple missions.

Our Services Include:
Academic / Community Physician Alignment

AMCs are growing their complement of clinically focused “community physicians” at record rates. Having the right physician alignment strategy and an appropriately structured physician enterprise can propel growth, enhance care, and support the sustainability of the AMC.

  • Physician strategy
  • Affiliations, partnerships, and nonemployed alignment models
  • Hybrid academic/community physician groups
  • Physician network development

As competition from nonacademic health systems continues to intensify, academic health systems must evaluate their organizational, governance, and leadership structures to ensure they are streamlined, efficient, and capable of effectively driving performance.

  • Academic health system governance
  • Organizational design and restructuring of component entities
  • Leadership and management structures
  • Oversight models for related/affiliated entities

The inter- and intra-entity financial arrangements at many AMCs are not effective in aligning payment levels with service expectations and institutional objectives, leading many to reexamine and redesign their funds flow framework and methodologies.

  • Funding for clinical effort that balances production, coverage, and quality
  • Resource allocation models for UME, GME, and other educational programs
  • Institutional investment in research effort and cores
  • Mission support arrangements linked to financial and operational metrics

As their fund flow models evolve, AMCs also seek a faculty compensation framework that supports the revised financial construct, promotes and rewards productivity, and appropriately recognizes the effort and contributions of faculty to the institution and its academic mission.

  • Compensation and effort standards
  • Benchmarking of compensation and production
  • Performance-based incentive models
  • Implementation strategies and planning

High-performing faculty group practices require close integration among component departments, efficient management and operations, and aligned financial incentives.

  • Financial performance improvement
  • Practice infrastructure and operational efficiency
  • Inter- and intradepartmental finances and funds flow
  • Interim management

A well-designed faculty group practice is an essential component of the academic health system. Developing and implementing contemporary FGP structures is critical to drive the clinical enterprise, align faculty incentives, and support the academic mission.

  • Faculty group practice organizational design and restructuring
  • Governance, management, and financial structure
  • Transition planning and implementation
  • Physician network development

Academic health systems and universities around the country are revisiting long-standing affiliations and contemplating new partnerships to position for the future. Modern partnerships must account for market dynamics, align each party’s strategic and financial interests, and provide flexibility to withstand the test of time and uncertainty.

  • Health system/university affiliation agreements
  • Mergers, acquisitions, and operating agreements for academic health systems
  • Joint ventures
  • Postmerger integration
  • Service line/programmatic partnerships (e.g., cancer, cardiovascular)
  • Physician alignment strategies (academic and community): group design, networks, PSAs

Close alignment between primary teaching hospitals and physicians, either through functional or structural integration, drives performance and is critical to the success of academic health systems.

  • Integrated academic health system development
  • Contemporary “functional” structures that promote financial and strategic alignment
  • Faculty group practice design and implementation
Faculty Group Practices

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  • Physician Alignment & Network DevelopmentDISCOVER
Faculty Group Practices

Thought Leadership

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Articles

For-Profit Systems Embrace Graduate Medical Education to Meet Demand for Primary Care Physicians

In the wake of changing market pressures and healthcare delivery needs, for-profit systems have begun to embrace GME to solve the projected primary care physician shortage while supporting the underserved in many of their geographies.

READ MORE

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