ABSTRACT

The reimbursement that allows the practice of 20—30 Current Procedural Terminology codes and objectives to identify a service with steep discounts should be identified. To ensure leverage by a group of physicians, most of the physicians will attempt to form an independent practice association (IPA). This is a state nonprofit corporation and limited liability company that brings physicians together to negotiate a contract. Many IPAs are formed to obtain risk-sharing contracts. Conducting a financial analysis gives some legal problems; therefore, it is essential to engage a healthcare attorney to review the contract and make suggestions for changes before entering into a negotiation. Health maintenance organization (HMO) is an interesting area, and it is becoming more populous since it has come to play a role in healthcare. Contracts are typically for one year, but there are some HMOs that give long-term contracts.