WK-2-A-1 Please use APA format and list and site all sources and references: Str

Question

WK-2-A-1

Please use APA format and list and site all sources and references:

Structures of Medical Practices

Medical practices are often structured depending on a variety of factors—finances, availability, location and space, etc. Sowers, Newman, and Langdon (2013) contend that there are a variety of medical practice structures, including, but not limited to: (1) solo practice, (2) group practice, and (3) multispecialty group practice.

Explore the advantages and disadvantages of these types of medical practices and

Assess how, if at all, the Patient Protection and Affordable Care Act (ACA) will impact each type of practice.

Please use APA format and list and site all sources and references:

At least one Page in APA format.

Explanation / Answer

Advantages and disadvantages

1. Group practice having more advantageous than solo in finance, economy, capital and manpower.

2. Solo is dealing with only general medical treatment as compare to the group practise where they are dealing with large no. of diseases

3. Mutispeciality group involved in more intensive care unit than both of 2.

4. More finance require in group practise and easily come from various others people but solo has to take as a single only.

5. Solo setup is easily build but for group it require best place for setup

6. In solo talent of single person is in use but in group lot of people come so they make quality patient treatment.

7. Mutispeciality group is in big budget as compare to the other two

8. Law is more firm on group and mutispeciality hospital than solo

9. Profit come in big amount in group practice as compare to solo

10. Risk dividetion is more in group practice

11. In solo you can take decision on your own but in group practice you have to discuss with the other member which require time

12. Large no. of capital investment required in group practice than solo practice

13. Group practice access large no. of patient as compare to solo practice

14. Solo has its limitations to provide facility under one roof only

15. To run the group practise proper planning is require whereas for solo no such planning require.

ACA impact mainly on the financial point of view on the solo, group and mutispeciality group practise by taking patient health insurance.

Any practise is aim with higher profit margin but law restrict because they have to wait for insurance of patient. Law also enforce on quality patient life rather than cost of treatment

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