Newly Formed AAEM Partnership Expands Network of Democratic Practices
Being a voice of advocacy for equitable, democratic, physician-owned practices has been one of the many focuses for the American Academy of Emergency Medicine (AAEM) since its inception. However despite their efforts, physician-owned practices are under significant threat.
Small practices often have difficulty developing and maintaining the infrastructure needed to be successful given the new reality of health care reform, accountable care organizations and value-based purchasing. As a result, large for-profit emergency physician contract management groups have been increasingly using their financial clout to acquire smaller practices.
AAEM President, Mark Reiter, MD, MBA, has long felt a solution was needed to help local, democratic practices prosper in the current healthcare environment. His concept is now becoming a reality, as this week AAEM announced a new initiative that strives to make ownership a realistic option for more emergency physicians.