By Julie A. DeLoia, PhD
September 30, 2020
As a physician, here’s something you probably know all too well; a pandemic is an exceedingly difficult time to lead an independent medical practice. Just weeks into the pandemic, the Medical Group Management Association (MGMA) found that COVID-19 had a negative financial impact on 97% of the 724 medical practices it surveyed. But even before COVID, it was still a challenging field.
Small group and independent physicians are working harder than ever before, dealing with everything from complex value-based payment arrangements, to the ongoing acquisition of physician offices, to ever-changing technology. And yet, history tells us those physician leaders who acquire the right set of skills can better weather the uncertainty. The key is gaining the knowledge that will help you not only compete, but capitalize on current trends in healthcare. Online programs are one way to gain the knowledge needed.