Issue link: https://beckershealthcare.uberflip.com/i/1416329
16 ASC MANAGEMENT 700-physician practice in Illinois invests in 2nd large medical group this year By Laura Dyrda D uPage Medical Group in Downers Grove, Ill., will make a strategic investment in a Quincy, Ill.-based physician group to expand a partnership between the two organizations, the organization announced Sept. 3. Quincy Medical Group said it will update its infrastructure and technology, expand in-network capabilities and move to value- based care with the investment from DuPage Medical Group. Both organizations aim to expand access to care in their local communi- ties through the partnership. DuPage Medical Group is a physician-owned organization with 700 primary care and specialty physicians. It has more than 100 loca- tions and serves around 2 million patients. Quincy Medical Group has 155 providers and 18 locations in Illinois, Iowa and Missouri. Carol Brockmiller will remain CEO of Quincy Medical Group and become DuPage Medical Group's regional CEO with a focus on growing the practice. Tom Petty, MD, will remain chairman of the board for Quincy Medical Group, and each practice will have local clinical boards to oversee quality of care. DuPage Medical Group's executive team will remain intact as well. The Quincy Medical Group investment marks the second large- scale purchase for DuPage Medical Group in four months. Du- Page agreed to purchase the assets of South Bend Clinic, a large physician-owned group in Indiana in June, and completed the transaction Sept. 1. n 5 exec moves from the 5 largest ASC companies By Patsy Newitt Surgical Care Affiliates, United Surgical Partners International and AmSurg all have announced executive moves in the past year. Here are five executive moves from from the five largest ASC com- panies in the past year: 1. In August, Surgical Care Affiliates promoted Abbey Watkins to vice president of clinical quality for its Southeast operating division. 2. In April, USPI named Matt Wheelus as regional vice president of operations. 3. In October 2020, Surgery Partners named Ann Shimek, BSN, RN, senior vice president and chief clinical officer. 4. In October 2020, Deerfield, Ill.-based Surgical Care Affiliates told Becker's that it named Jennifer Jacobson, BSN, RN, its senior clini- cal manager. 5. In September 2020, cardiology leader Jeff Snodgrass was named president of AmSurg. n Physicians likely to seek new contracts as their productivity soars, pay drops: 6 report details By Laura Dyrda P hysicians were more productive in the second quarter of 2021 than in 2020, but pay has declined, according to a new report from KaufmanHall. e Physician Flash Report, released Aug. 24, surveyed almost 100,000 employed physicians and advanced practice providers to gather insight on productivity, expenses and pay. e decline in physician compensation may have implications for future employment contracts. "Healthcare leaders should prepare for physician demands to restructure contracts in anticipation of future public health emergencies. Efforts to increase quality incentives likely will be offset by physician interests in stabilizing base compensa- tion," the report said. Six takeaways from the report: 1. Physician compensation per work relative value unit dropped 24 percent in the second quarter to $53.90 per wRVU, versus $70.88 per wRVU in the same period last year. Physician pay per wRVU dropped 7.5 percent from pre-pandemic levels in the fourth quarter of 2019. 2. Physician pay per full-time employee was up 5 percent from the second quarter of 2020, hitting $312,799 in 2021. 3. Investment per physician also dropped more than 20 percent in the second quarter. e me- dian investment per physician full-time equiva- lent was $232,583. 4. Net revenue per physician hit $631,488 in the second quarter, up 56.2 percent over the same period last year. 5. Quarterly expenses per full-time physician were up 21.3 percent to $875,878. 6. Physician practices improved efficiency in the last year, while support staff full-time employees per 10,000 wRVUs has declined 15.3 percent since the second quarter of 2020. n