Pa. Medical Society launches new company to support independent medical practices
The Pennsylvania Medical Society has formed a new company in Dauphin County to help independent physicians navigate the ever-changing world of health care, the society announced Thursday.
The society invested $15 million to start the company, The Care Centered Collaborative, after months of work and preparation, and its goal is to provide tools that will help independent physicians with things such as improving quality and patient experience while lowering costs, a news release said.
Since the company was founded by physicians, it will improve care because they fully understand how constantly changing health care regulations are challenging independent medical practices, according to Dr. Jaan Sidorov, the Collaborative’s president and CEO.
Some of those challenges include long hours, extensive reporting requirements and perhaps most important – new reimbursement models.
For example, insurance companies and providers are now working together more than ever to change physician reimbursement models so that physicians are not paid for the number of patients they see, but are reimbursed based on the quality of care they provide.
Independent practices, in trying to adjust to new reimbursement models, don’t always have as many resources as the giant health care systems surrounding them have.
That’s why the Society has built a Pennsylvania-specific company with local expert staff who know the Keystone State’s health care environment inside out, according to Dr. Sidorov.
“Through the Care Centered Collaborative, we’ve made a very a strong commitment to advancing access to high quality care for our friends and neighbors … the citizens of the Commonwealth,” Dr. Sidorov said.
The Collaborative is based at 777 East Park Drive, in Lower Paxton Township. It currently has about 10 full-time employees.
“We are in a new health care world that is evolving every day,” Dr. Sidorov said. “As healthcare delivery becomes more focused on value, both physicians and their patients are keenly interested in having access to care options that reduce the burden of chronic disease and improves well-being.”