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- Jul 20, 2016
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Hey guys, so I'm trying to compare two different practices, and I'm trying to determine how much of a difference that owning the AP lab makes in terms of a practice.
Practice 1: Owns their own free-standing AP lab for all H&E and IHC for all outreach work and has their own billing dept. They get a good amount of outreach and then contracts with several hospitals for their path work, but gets no part A.
Practice 2: Major contract with a large hospital conglomerate. The group manages their labs and gets part A, and then gets all the AP material for the hospital conglomerate and bills the Professional component for all of the AP material.
Both practices say that they are partnership tracks. Practice 2 has a relatively minimal buy-in. The buy-in for Practice 1 is unclear and will be determined at the time of partnership eligibility, but I imagine is more considerable. Partnership salary is clearly stated at practice 2, but has not been stated at Practice 1, and is unclear.
I guess my question is this... how much of a difference does owning the lab make? I know there are a lot of things that come into this, payor mix, number of pathologists caseload, etc. but assuming those are all equal, what is the difference in terms of compensation etc.
Thanks for your input and help.
Practice 1: Owns their own free-standing AP lab for all H&E and IHC for all outreach work and has their own billing dept. They get a good amount of outreach and then contracts with several hospitals for their path work, but gets no part A.
Practice 2: Major contract with a large hospital conglomerate. The group manages their labs and gets part A, and then gets all the AP material for the hospital conglomerate and bills the Professional component for all of the AP material.
Both practices say that they are partnership tracks. Practice 2 has a relatively minimal buy-in. The buy-in for Practice 1 is unclear and will be determined at the time of partnership eligibility, but I imagine is more considerable. Partnership salary is clearly stated at practice 2, but has not been stated at Practice 1, and is unclear.
I guess my question is this... how much of a difference does owning the lab make? I know there are a lot of things that come into this, payor mix, number of pathologists caseload, etc. but assuming those are all equal, what is the difference in terms of compensation etc.
Thanks for your input and help.