As Orthopaedic Practices try to meet the ever-increasing demands for increased revenue sources, and increasing costs, they need to rethink what can add value to the practice and will not increase the demand on the physician. IN addition to the traditional ancillary options, there are other options to increase revenue, and bring financial value.
Learning Objectives:
- Define how Ancillary Services add value
- Rethink what the organization can do, that is less demanding on the Physician
- The impact of recruiting and retaining Ancillary staff
- How these programs impact the Compensation Plan
- What is the impact on the Organizations Buy / Sell Agreements
Speaker:Steve P Fiore, MBA, FACMPE, Chief Executive Officer - Orthopedic Specialty Group, PCSteve has been in healthcare administration for 50 years, and has held senior executive positions within Medical Practices for over 42 years. Steve is Past President of American Association of Orthopaedic Executives (Bones Society Inc.), a national organization of Orthopedic Administrators, Board of Directors of Medical Group Management Association (MGMA), Past President for the Eastern Section of MGMA, and Past President of Massachusetts / Rhode Island MGMA. Steve holds a BS in Health Administration and a Masters of Business Administration, and is a Fellow in the American College of Medical Practice Executives. For the past 27 years, Steve has been the Chief Executive Officer for Orthopaedic Specialty Group, PC, in Fairfield Connecticut and Fairfield Surgery Center, LLC, and for the past 20 years, the Managing Member of Atlantic Medical Consultants, LLC.