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Strategic Partnerships in Healthcare with Thomas Cunningham
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Every relationship goes through stages, including the relationship between private practice physicians and private equity groups. So what are the red flags you should watch out for? What traits make for a good marriage? We explore the crossroads with Thomas Cunningham, Director of Business Development at Physician Growth Partners.
In this week’s episode, sponsored by Alpha Sophia, Cunningham dives deep into the pressing challenges faced by private practice physicians amidst the onslaught of inquiries from private equity groups. We explore the dilemmas physicians grapple with, such as whether to sell their practices to hospitals or private equity and how to maintain their autonomy in the increasingly complex healthcare landscape. We also discuss how the landscape of private practice has evolved to necessitate new strategies for sustainability and success.
What we discuss in the episode:
- The critical importance of a growth mindset for physicians considering partnerships
- Navigating the complexities of healthcare business dynamics
- Maintaining clinical governance while exploring financial partnerships
- Strategic responses to the changing healthcare environment
- How decisions affect patient care and physician independence
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