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Given that and the dynamic health care environment, tensions are inevitable and strategies to deal with tensions should be devised. A brief discussion followed.
His presentation had 4 parts, he first establishes the economics of medical practices, then discusses the changes from traditional relations between hospital and physicians to current trends, further dissects the demographics of physicians and finally provides strategies for aligning incentives and ultimately desired performance.
Understanding the economics of medical practices begins with recognizing the 7yr trend of operating expense increasing at about two times the rate of inflation while the reimbursement rates have remained flat...
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