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Two Reasons Why Physicians May Want to Consider a Contract Management Group

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In a previous post, we included excerpts of an interview I did with Marissa Schimmel, director of education outreach for the contract-management group, Sheridan Healthcare, and what she was hearing from physician residents regarding their concerns and questions about the healthcare marketplace.

Obviously, Schimmel believes the contract-management model is ideal for today’s physician, especially new physicians. Below she details why.

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Every provider model has its pros and cons, Schimmel said, but she tells physician residents that joining a contract management group like Sheridan has two primary benefits:

1. Job Stability

2. Job Security

Sheridan has been a healthcare leader since 1953, and the organization is still based in its original practice. With over 60 years of expertise at its disposal, 2800 providers, and 351 hospitals and medical facilities around the U.S., Sheridan is able to efficiently and effectively negotiate and maintain physician contracts, she said.

Sheridan provides physicians with the backing of a corporate infrastructure that is able to support contracts and eliminate worries about malpractice, billing, collecting, negotiating, etc.

Of course, some residents are unsure about joining a large group practice like Sheridan because in their view, it limits earning potential.

“Well, I can see how someone may think that,” Schimmel said. “In private practices, it’s not only what you bill, you have to also be able to collect it, so if reimbursements are going down…it may be the days of potentially making what they used to make is most likely not going to be there. So, you might not hit the ceiling with us salary-wise, but we’re always going to be making sure that we’re offering a competitive compensation package for that local market. And your paycheck comes every two weeks no matter what’s happening. So it’s kind of the pros and the cons all mixed into one.”

She readily agreed that the Sheridan model may not be right for everyone. Because of this, she stresses how important it is for physicians to have a vision for their career and what model suits them best.

“…[T]he number one reason that people leave their job within the first few years is that they just don’t fit in culturally,” she said. “You just don’t fit into the department. I really want them to focus on that as opposed to focusing on having income be the number-one important factor, because at the end of the day it’s really not going to make or break the bank when you’re already at that salary of a physician.”

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As physicians looking for jobs, what kind of delivery model suits you best? We’ll be examining a couple of different models in upcoming posts, but what are some of the pros and cons you see with a contract-management group? Why would you or would you not consider this employment option?

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