A successful relationship between a management services organization (MSO) and a physician practice requires a well-structured partnership. Here are some key considerations for structuring this relationship:
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Define the scope of services: The first step in structuring the relationship is to clearly define the scope of services that the MSO will provide to the physician practice. This should include a detailed list of the services that the MSO will offer, as well as any specific responsibilities and expectations for each service.
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Establish clear communication channels: Effective communication is essential for any successful partnership. In the case of an MSO and physician practice relationship, it is important to establish clear communication channels, including regular meetings and updates, to ensure that both parties are on the same page.
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Set clear goals and expectations: It is important for both the MSO and the physician practice to have a clear understanding of their goals and expectations for the partnership. This should include specific targets and benchmarks for measuring the success of the relationship.
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Develop a plan for collaboration: The MSO and physician practice should work together to develop a plan for collaboration and coordination. This should include strategies for sharing information and resources, as well as protocols for resolving conflicts and addressing challenges that may arise.
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Regularly review and assess the partnership: The relationship between an MSO and a physician practice should be regularly reviewed and assessed to ensure that it is meeting the needs of both parties. This should include regular evaluations of the services provided by the MSO, as well as regular feedback and communication between the two parties.
By following these guidelines, a management services organization and physician practice can develop a successful and mutually beneficial partnership.
