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Many physicians and other healthcare providers choose to participate in small to medium-size practices. A close-knit environment of physicians is proven to have better collaboration to render more personalized care to patients. While they may be capable of offering and performing services, they still need capital and health information technology to improve the quality of care they provide. As a means to do it, these physicians have to share and combine essential healthcare resources with other small practices through an independent physician association (IPA).
IPA in healthcare is a network of independent physician practices that contract with different health plan companies to negotiate business ventures with other healthcare organizations, minimize overhead costs, and create appropriate medical processes to improve care quality and health outcomes.
Since IPAs are self-supporting entities and are not involved with large medical corporations, physicians have full authority to their own offices and practices. Practitioners can tend patients enrolled in their affiliated health maintenance organization (HMO), including the ones who are not. The healthcare services they provide are compensated according to a per-patient fee or discounted fee schedule payment. Meaning, they are still paid regardless of the number of times their patients visit them. IPA defines healthcare in coordinated network and independence.
One of the primary advantages of IPAs includes risk reduction and cost-sharing. But, clearly, aside from providing better and cost-effective care, IPAs have a lot more benefits that they can offer to both physicians and their patient population. What they may lack in manpower and size, they make up for the competency and value of their service. Here are the major advantages of IPAs:
IPAs serve as the supportive organizations that empower independent physicians by providing infrastructure to methodically enact their healthcare goals and ultimately enhance patient experience and satisfaction.
Solo practitioners and independent physicians alone cannot provide a full and quality care performance due to the lack of scale and resources. But, creating connections and partnering with IPA allows them to have their most needed assistance that they may otherwise be unable to get elsewhere.
Because of IPAs, these small health providers can easily land contract deals with health plans, invest in new technologies, including management systems, and compete with hospitals or larger physician groups; all of which are components that constitute the quality of health outcomes in the continuum of care.
The shifting landscape of the healthcare industry continues to influence how organizations and businesses function. As such, IPAs need a sophisticated platform that can keep up with it. Luckily, QuickCap, a flexible and configurable management system can meet the ever-changing demands of the market with these comprehensive features:
From processing EHRs to payment pricing, QuickCap has everything an independent physician needs to create and implement effective IPA healthcare management.
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