The Covid-19 pandemic has had a significant impact on the healthcare system in our country and across New England, and especially for physicians in practice. To date, over 28 million COVID-19 cases have been reported in the US with over half a million deaths. New England has seen more than 1.1 million COVID-19 cases and over 28K deaths. Physicians in practice on the front lines have experienced tremendous stress as both practitioners and small business owners. The pandemic has dramatically accelerated concerns about independent medical practice viability.
This presentation will explore the many physician partnership options available pre-COVID to the present. Prior to the pandemic, the healthcare industry had been undergoing dramatic changes which made conditions favorable for physician practices to consolidate. Over the years, physicians increasingly moved away from practicing independently to becoming employed by other organizations such as hospitals, health systems and even insurance companies. Growing numbers of Accountable Care Organizations (ACO’s) and Clinically Integrated Networks (CIN’s) have become vehicles for physicians to partner with these types of organizations and participate in the movement from volume to value-based care. With the acceleration of value-based reimbursement, physician led and built companies backed by private equity investors have allowed physicians new opportunities to remain independent of health system ownership while offering them a chance to participate in innovative models of clinical practice as an alternative to the fee-for-service treadmill.
Presenters: Amanda Hopkins Tirrell, MBA, FACHE & Jennifer Searls, MHA
Amanda Hopkins Tirrell, MBA, FACHE is the president and founder of Hopkins Tirrell & Associates, LLC. She has over 30 years, Amanda Hopkins Tirrell, MBA, FACHE has partnered with physicians in academic medical centers, integrated healthcare delivery systems and medical group practices across the country. An energetic change agent with a reliable track record in transformation, operations management and establishing a culture of patient service excellence, Ms. Hopkins Tirrell is a knowledgeable advisor and mediator in developing collaborative alliances and partnerships with physicians, hospitals and community organizations.
Based in North Augusta, South Carolina, Ms. Hopkins Tirrell is President and Founder of Hopkins Tirrell & Associates, LLC a health care management consulting practice offering strategic and operational management solutions to health systems, academic medical centers and physician practices. Consulting services include clinical strategic planning, patient access redesign, behavioral health solutions, physician engagement and network development. Physician practice advisory services include business growth, revenue cycle management and contracting strategy, as well as individualized leadership development, career planning and compensation strategy.
Ms. Hopkins Tirrell holds an MBA in health care management from the Wharton School and is a Fellow in the American College of Healthcare Executives.
Jennifer Searls, MHA is the Executive Director at Connie, the state of Connecticut’s official health information exchange. She has extensive experience working with health care technology and information systems. Prior to joining Connie, Ms. Searls was the Chief Operating Officer at SOHO Health where she led the effort to scale the former Saint Francis Healthcare Partners to a regional clinically integrated network for the 1,700 providers and five hospitals affiliated with Trinity Health of New England. Ms. Searls built the population health infrastructure as the organization moved to value-based healthcare in its contracts with payer partners. Ms. Searls was previously the Chief Information Officer at ProHealth Physicians where she orchestrated the successful transition of the organization from paper records to an electronic medical record. In 2011, Ms. Searls co-led a multi-disciplinary team who guided the organization and all of its practices to achieve Level 3 recognition as a Patient Centered Medical Home (at the time, the largest single PCMH submission in NCQA history).
Ms. Searls earned her Master of Health Administration at Virginia Commonwealth University and her Bachelor of Arts at the University of Richmond.