Consolidation, as well as COVID, has been one of the biggest disrupters in healthcare for private practices. Private/Independent practices have to find a way to get bigger or find a niche in order to grow their practice. The consolidation affects the flow of patient referrals a private practice needs to stay in business.
In this episode, host Jennifer Thompson chats with Dr. Charles Thompson, a practicing independent physician with Vascular Specialist of Central Florida about the state of being a private, independent practice and the challenges they face in today’s healthcare environment.
Tune in to discover:
- Tell us a bit about your history as a practice and why you've decided to remain independent.
- Being independent allows you to remain nimble, but what are some of the other benefits you've seen for you as providers and for your patients?
- What changes have you noticed in terms of your referral patterns? When did you notice these?
- How have you adapted to these shifts in your referrals?
- What's the solution here? What have you seen that really has worked or not worked in terms of retaining or generating new referrals?
- What advice do you have for other practices experiencing similar shifts throughout the nation?
- What are some of the other key challenges you face as the last large private vascular group in your region?
- Why do you remain private? What are the benefits here for you?
- If you could offer one piece of advice or one takeaway for listeners, what would it be?
