Medical Economics September 17, 2024
Innovative AI-powered technology is one factor disrupting the corporate takeover trend
For many private practices, selling to a large corporation or hospital may seem like the only answer to address the challenges of today’s health care market. According to the AMA 2022 Physician Practice Benchmark Survey, many private practices turn to corporate medicine for help negotiating higher payment rates and managing regulatory and administrative requirements. But there is another way forward.
Innovative AI-powered technology is one factordisrupting the corporate takeover trend, making the private practice business model more feasible by enabling transparent costs, increasing instances of payment at the time of treatment, resolving accounts receivable, simplifying patient education and enhancing clinical documentation.
Financial challenges and regulations stifle private practices
Private...
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