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He also emphasizes that the new health care market requires physician leadership, something only TMA can provide. The PSO is more than a col- lection of technology to help physicians participate in a value-based world:


“Without the governance, aggregation, and leadership within this independent physician community, the technology is not powerful. That’s what TMA brings that is unique among its competitors in the PSO market.”


To sell or not to sell? In a white paper, “Valuing a Medical Practice: Now Worth More Than Ever,” Dr. Nackel helps physicians understand their worth as they strategize for a rap- idly changing health care environment. His take: Physician practices are now


more valuable than ever as the health care system veers away from fee-for- service and toward accountable care models whose success hinges on the patient-physician relationship. Most purchases of physician practices thus far have been based on fee-for-service earnings. But that system is fading in favor of value-based models in which payment is driven not by the number of services performed, but by patients’ overall health. So whether or not physi- cian practices decide to sell, “they need to be valuing their practices under the future state, not the current state” of the health care system, Dr. Nackel says. Download the white paper at www .texmed.org/practicevalue. n


Amy Lynn Sorrel is an associate editor of Texas Medicine. You can reach her by telephone at (800) 880-1300, ext. 1392, or (512) 370-1392; by fax at (512) 370-1629; or by email at amy.sorrel@texmed.org.


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