What does IPA stand for in medical insurance?
The independent physician association (IPA) is a separate business entity that is “organized and owned by a network of independent physician practices.” IPAs provide the benefits of a larger group, while allowing each of the independent physicians in the group to retain their independence.
How do I start an IPA?
The formation process involves four key steps: assembling the right planning team, assessing the market, resolving key organizational and operational issues, and forming the specialty IPA. The specialist group should assemble a planning team at the very start of the process.
What is the difference between an IPA an HMO and a PPO?
Preferred provider organizations have also contracted with hospitals and physicians to provide health-care services. Unlike the case with an HMO, you do not have to go to these physicians. PPO plans usually have a deductible, which is the amount that the insured must pay before the PPO begins to pay.
Is Hill Physicians an IPA?
Hill Physicians Medical Group is the largest network of independent doctors in California. Medical groups like us, which are also called independent physician associations (IPAs), play a key role in healthcare.
Who can own an IPA?
First, if the IPA is organized as a professional corporation, then only individuals maintaining the following types of licenses may own an interest therein: (1) physicians, (2) psychologists, (3) registered nurses, (4) optometrists, (5) marriage and family therapists, (6) clinical social workers, (7) physician …
Is IPA a MSO?
An IPA is a contracting entity – it holds managed care contracts and develops a provider network to service the contract. An MSO is an organization that improves the efficiency of a health care practice or entity and can serve as a management platform. An MSO is a management company that manages practices.