How to Navigate the Changing Competitive Landscape: Partnership Strategies for Orthopaedic Group Executives-Webinar Presentation

Video Transcription

Video Summary

The webinar, featuring Gary Hirschman and Dana Jacoby, addresses challenges and strategic opportunities for orthopedic groups as they navigate an evolving healthcare landscape. Declining Medicare payments and rising costs are motivating groups to explore strategic options, including mergers, private equity partnerships, and direct employer contracts to maintain profitability. The session highlights the importance of informed decision-making and cultural fit when considering partnerships. It also emphasizes the need for robust IT infrastructure, expanded outpatient services, and value-based care models. Furthermore, consolidation within healthcare is increasing, marked by significant private equity involvement and interest from major companies like Optum and CVS. The speakers advise orthopedic executives to proactively consider strategic alliances to leverage larger corporate infrastructures, capitalize on high practice valuations, and ensure long-term security. They stress due diligence, including evaluating partner culture, financial stability, and physician alignment, as crucial steps in preparing for potential partnerships. The ultimate goal is to secure a viable future for orthopedic practices by staying adaptable and informed amidst a changing healthcare environment.

Keywords

orthopedic groups

strategic partnerships

private equity

value-based care

healthcare consolidation

Medicare payments

IT infrastructure