A number of different topics were discussed including the latest technology such as AlertWatch’s patient monitoring software that aggregates data from physiological monitors, anesthesia records, lab results and medical history to help anesthesia providers monitor patients in the operating room.
Organizational strategies were also a focal point for discussion at AIAPM, such as joining an accountable care organization, merging with another group, selling the practice to a national company or to a private equity firm.
William Britton, MBA, of Cross Keys Capital, discussed ways to make a practice more attractive to potential buyers, according to Mr. Mira. Any practice seeking to grow should focus on:
• Strengthening/improving leadership roles
• Implementing the proper governance for your group
• Solidifying contracts
• Building a cohesive culture within the group
• Conducting an internal audit of coding and compliance
• Evaluating the merits of partnership-track versus employed physicians
More Articles on Anesthesia:
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12 Challenges for Anesthesia Groups Next Year
Anesthesia Group Acquisition Activity Grows in 2013
