How do Accountable Physician Practices reduce costs or improve efficiency?
• Through simple economics: When groups of doctors share resources, the burden of cost is spread across many specialists. • In addition, multispecialty medical groups are able to coordinate the care you need, which contributes to a more efficient practice. • Because doctors in these groups are connected to each other by means of a shared information and communications system, they tend to employ electronic medical records and implement best practices; there is generally less waste and duplication of efforts and fewer costly mistakes. • As the patient, you have fewer duplicated costs or procedures. • The result is a greater coordination of resources, which means greater efficiency and ultimately more value for each dollar spent. • Multispecialty medical groups also practice preventive medicine, meaning that they approach health and wellness from a proactive standpoint. Investing a smaller amount of money to keep a healthy person well is less expensive than waiting to treat that same per
