Becker’s Spine Review is a publication for orthopedic and spine surgeons and surgery center administrators. Each week, Becker’s releases additions to their Ask Spine Surgeons series, and earlier this month, spine surgeons were asked to share tips on how to survive in an independent practice today. Check out Dr. Richard Kube’s responses, below!
Question: What will it take for independent practice to survive & thrive today?
Richard Kube, MD. Founder and CEO of Prairie Spine & Pain Institute (Peoria, Ill.): I think it is challenging, but doable. Independent physicians have to regularly educate themselves regarding trends in their specialty. They have to have the ability to learn and apply new ideas to their practices in an efficient manner. In individual practice, there is also the opportunity to implement new ideas more rapidly than a larger bureaucratic model can do. Our practice has been diving ever deeper into the bundled payment model with some early success. Having the degree of control we do in creating an “all in, all one” price model gives the independent surgeons, especially those with a facility, an advantage when competing on value.