Specialist Physician Groups Form Maine’s Largest Independent Practice Association (IPA)
Four of the area’s most prestigious specialty medical groups today announced the formation of a new
Popular in other parts of the country, an IPA consists of a network of physicians who agree to participate in an association to contract with health insurance companies and other payer organizations1. Members of the Maine Specialty IPA will maintain their independent physician ownership structures and will seek to achieve cost efficiencies by sharing administrative services.
“This collaboration will enable our physicians to work more closely together to improve the coordination of patient care, address cost issues in healthcare, and promote strong, independent physician practices,” said Dr.
In forming Maine Specialty IPA, the physician association is countering a trend towards hospital-based employment and away from independent practice. Economic pressures in the form of rising costs and lower payments for procedures have forced many private practice medical groups in
In the primary care area alone, approximately 2,000
Members of the newly formed IPA believe that by combining their resources, they can be effective in providing physician-led solutions to the challenges facing
Other medical practices have approached the association, which is limited initially to the founding members. Eventually, the IPA intends to extend association membership to other area practices seeking to maintain their independence while lowering their costs and improving operating efficiencies.
“This association will be a source of improved performance for our practices,” said Dr.
The IPA intends to collaborate with primary care groups, hospitals, health plans and the employer community to help coordinate care, reduce waste, inefficiency, and duplication. “We welcome the opportunity to partner with other medical practices, hospitals, health plans and purchasers,” said Dr.
1 K Grumbach, J Coffman, K Vranizan, N Blick and E H O'Neil, Independent practice association physician groups in
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Read the full story at http://www.prweb.com/releases/2011/01/prweb5002534.htm


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