Big insurance, big hospitals, and big government. Becker’s Spine Reviews spoke with accredited orthopedic physician-owners across the country, including our very own Richard Kube, MD, to get their thoughts on potential threats to orthopedic physician ownership. To see what Dr. Kube had to say on this topic, continue reading below!
From increased practice consolidation to evolving marketing strategies and stiffer competition with big players, five spine surgeons discuss the biggest threats to physician-owned orthopedic practices. Ask Spine Surgeons is a weekly series of questions posed to spine surgeons around the country about clinical, business, and policy issues affecting spine care. We invite all spine surgeons and specialist responses.
Question: What do you see as the biggest threat to physician ownership?
Richard Kube, MD. Prairie Spine (Peoria, Ill.): Very bluntly, the consortium of big insurance, big hospital and big government poses the greatest threat. Independent physician ownership is a challenge for those entities due to the very nature of their independence. Small, independent businesses are nimble and can evolve quickly to adapt to market demands. They are also better equipped to customize and individualize service. These attributes are competitive advantages held over the large bureaucracies. Any system that is in direct competition with the independently owned systems are inherently threats.