Executive Session: Interpreting the data behind practice losses with Timothy Smith

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* 1. Is a physician practice or a hospital practice more likely to operate at a financial loss?

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* 2. Why do ancillary charges significantly impact the profitability of physician practices vs. hospital owned practices?

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* 3. Factors which drive revenue imbalance between physician practices and hospital practices are all the following except:

Payer Mix

Collection Rate

Physician Specialty

Entrepreneurial spirit

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* 4. Hospitals normally credit inter-company revenue back to the practice to offset compensation costs such as medical directorships and call pay.

TRUE

FALSE

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* 5. Why does physician compensation vary between physician practices and hospital practices and how does this drive financial performance?

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* 6. Which of the following increases costs for hospital practices?

Union employees

Marketing and maintaining corporate image

Additional overhead

All of the above