• Explain the difference between various insurance plans and financial management systems
Consider the following scenario for the basis of this assignment:
You are a practice management consultant. You consult on logistics of managing the daily operations of a medical practice, as well as the financial components. You have been hired by a group of three physicians, wanting to start their own private practice. They have asked you to provide a presentation summarizing the financial benefits and risks associated with two practice models: a traditional insurance-based practice, and a direct primary care model (not accepting patient insurance).
Sample Solution