BERKELEY HEIGHTS, NJ - Summit Health Management's Chief Strategy and Business Development Officer Lynn Lang recently participated in a panel discussion on physician groups.
The discussion was one of several that took place at a one-day seminar on the "The Future of Physician Groups: Consolidation & Strategic Positioning as Reimbursement Undergoes Transformations." The seminar, an "invitation only event" organized by Epstein Becker & Green, P.C., one of the country's largest health care law firms, was held at the Harvard Club of New York City on Nov. 15, just one-week after the election.
Lang participated on the panel "Strategic Options for Physician Groups – Hospital Systems, Academic Medical Centers, and Mega-Physician Groups. The panel discussed the various options available to physician groups that can help them benefit from capital investments and the economies of scale of larger organizations ‑ such as becoming part of a hospital system, mega-physician group or academic medical center.
Lang, who was representing New Jersey's largest multi-specialty group, is responsible for strategic development at Summit Medical Group. She relied on her more than 30 years experience in the field during the discussion on the pros and cons of the various consolidation options.
One thing is certain, the national election results will add a level of uncertainty for those making strategic plans, as the future of the Affordable Care Act and other laws involving medical treatment and reimbursement will be evaluated and possibly changed by the new administration.