Insights: Owning It! Strategic Planning, Navigating M&A and Staying Independent in Healthcare Today

 In Provider Notes

“Just focusing on one side of the equation – revenue and not expenses, or expenses and not revenue – that’s a flaw. Most businesses look first at their profit margin. The challenge in healthcare that we didn’t face in the ’80s and ’90s is that we have very limited control over the price piece of our revenue, so we have to focus on the volume and understand opportunity cost. … We have to run a practice like a business.”

MSOC’s Cameron Cox explains the business dynamics of how independent practices must operate to remain viable. Listen to the MGMA podcast, “Insights: Owning It! Strategic Planning, Navigating M&A and Staying Independent in Healthcare Today”: https://soundcloud.com/mgmapods/insights-successful-strategic-plans-for-independent-practices

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