Integrating Academic and Private Practices: Challenges and Opportunities

Abstract

As health care reform shifts toward value over volume, academic medical centers, known for highly specialized, high-cost care, will suffer from erosion of their traditional funding sources. Academic medical centers have undertaken mergers and partnerships with community medical centers, to maintain a more diversified, cost-effective, and competitive presence in their markets. These consolidations have seen varying results. Cultural factors are frequently cited as a cause of dysfunction and disintegration. Anesthesiology groups integrating academic and private practice physicians are likely to face many of the same challenges. Appropriate attention to culture and other key issues may help realize numerous benefits.

Keywords: Academic anesthesiology; Academic medical center; Consolidation; Future models of anesthesia; Merger; Organizational culture; Private practice anesthesiology.