2022 Senior Fellows Program (2nd & 3rd Year) | August 2022-3-Independent GI Practice Vicari

3-Independent GI Practice Vicari

Pdf Summary

In this document, Dr. Joseph J. Vicari discusses the basic components and work environment of an independent gastroenterology (GI) practice. He highlights the benefits of choosing a profession in this field, including the ability to deliver quality and cost-effective care in an era focused on value. The work involves a balance of office and procedural time and utilizes evolving cost-effective diagnostic and therapeutic tools.<br /><br />Dr. Vicari explores various organizational structures in the field, including solo practices, small and large independent GI groups, multispecialty groups, and hospital-owned or corporate partnership groups. He emphasizes the importance of understanding the organizational drivers, such as who owns the practice and the values of the owners and leaders. Factors such as quality outcomes, cost-efficiency, patient experience, and work-life balance are considered in these organizational structures.<br /><br />The document also delves into practice economics, discussing the compensation philosophy for physicians, the benefits offered, and the various sources of ancillary income that can be generated by a GI practice. It touches on information technology, patient demographics, real estate, and debt as additional considerations.<br /><br />Culture is another important aspect addressed by Dr. Vicari. He highlights the significance of practice values, reputation, diversity, on-call schedules, professional growth and development, and the treatment of partners and staff. The overall culture plays a substantial role in the success and happiness of the practice.<br /><br />In conclusion, Dr. Vicari emphasizes the importance of considering the patients, staff, and organizational physicians when building a successful GI practice. He highlights the need for work-life balance, professional growth and development, and most importantly, the culture of the practice. Dr. Vicari welcomes any further questions or inquiries regarding these topics.

Keywords

independent gastroenterology practice

work environment

quality care

cost-effective care

organizational structures

practice economics

patient demographics

practice culture

professional growth

work-life balance