The rise and fall of the physician practice management industry

Health Affairs

Volumn 19, Issue 1, 2000, Pages 42-55

  Rcinhardt, Uwe E ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

ECONOMICS; FINANCIAL MANAGEMENT; FORECASTING; HEALTH CARE COST; HUMAN; INVESTMENT; MANAGEMENT; ORGANIZATION; ORGANIZATION AND MANAGEMENT; REVIEW; SENSITIVITY AND SPECIFICITY; STATISTICAL MODEL; UNITED STATES;

DECISION MAKING, ORGANIZATIONAL; EFFICIENCY, ORGANIZATIONAL; FINANCIAL MANAGEMENT; FORECASTING; HEALTH CARE SECTOR; HUMANS; INVESTMENTS; MODELS, ECONOMETRIC; PRACTICE MANAGEMENT; PRACTICE MANAGEMENT, MEDICAL; SENSITIVITY AND SPECIFICITY; UNITED STATES;

EID: 4143149215     PISSN: 02782715     EISSN: None     Source Type: Journal    
DOI: 10.1377/hlthaff.19.1.42     Document Type: Article

References (31)

1. F.J. Fabozzi, Investment Management (Englewood Cliffs, N.J.: Prentice Hall, 1995), 224.
2. E.G. Brigham and L.C. Gapenski, Financial Management: Theory and Practice (Orlando, Fla.: Dryden Press, 1997), 319.
3. W. Konrad and A. Virshup, "Can You Trust Wall Street Analysts?" Physician's Management (March 1998): 53-60.
4. Fabozzi, Investment Management, 222.
5. L.C. Gapenski, Understanding Health Care Financial Management (Ann Arbor, Mich.: AUPHA Press/Health Administration Press, 1993), 255.
6. J.D. Cochrane, "The Rise and Fall of MedPartners," Integrated Healthcare Report (March 1999): 9.
7. A. Cohen, "The Man Who Fooled Wall Street," Boston (July 1997): 50-55, 77-78.
8. Yahoo! Finance on the World Wide Web (22 June 1999).
9. Ibid., 27 June 1999.
10. C.L. Loomis, "Lies, Damned Lies, and Managed Earnings," Fortune (2 August 1999): 75-92.
11. M. Freudenheim, "FPA Medical Files for Protection under Bankruptcy Laws," New York Times, 21 July 1998, D5.
12. This is not always so, as the sorry recent history of Cendant and McKesson illustrates. In both cases, the acquired companies' books were fraudulent.
13. Adherents to this theory knowingly purchase overvalued stock in the hope that an even greater fool will buy that stock at a still higher price.
14. T.B. Richter and J. Carlson, Orthodontic Centers of America (OCA): Straight Teeth-R-Us (New York Morgan Stanley Dean Witter, 5 December 1997), 3.
15. J.C. Robinson, "Financial Capital and Intellectual Capital in Physician Practice Management," Health Affairs (July/Aug 1998): 53-74; and T.B. Richter, Healthcare Services/Managed Care: The Richer Scale, Research Note (New York: Morgan Stanley Dean Witter, 21 October 1998).
16. J.C. Robinson, "Financial Capital and Intellectual Capital in Physician Practice Management," Health Affairs (July/Aug 1998): 53-74; and T.B. Richter, Healthcare Services/Managed Care: The Richer Scale, Research Note (New York: Morgan Stanley Dean Witter, 21 October 1998).
17. M.C. Jaklevic, "PPMs on the Rebound," Modern Healthcare (5 October 1998): 97-104.
18. Estimate by Douglas Sherlock Co., cited in T. Hudson, R. Haugh, and C. Serb, "Off Target - Docs in Decline," Hospitals and Health Networks (January 1999): 36.
19. C.A. Hewit and K.S. Abramowitz, Physician Practice Management: Consolidating Physicians to Manage Care (New York: Sanford Bernstein and Co., December 1996), 10.
20. Ibid., 1.
21. Ibid., 49.
22. R.L. Rundle, "How FPA Landed in Bankruptcy Court," Wall Street Journal, 21 July 1998, B5.
23. On the role of these conference calls, see Konrad and Virshup, "Can You Trust Wall Street Analysts?"
24. Hewit and Abramowitz, Physician Practice Management, 13.
25. Cited in Cochrane, "The Rise and Fall of MedPartners," 9.
26. Ibid., 9.
27. Ibid.
28. L.C. Marsh, "The Doctor's Bottom Line," Health Affairs (July/Aug 1998): 79 and 76.
29. A. Levitt, "The Numbers Game" (Address delivered at the New York University Center for Law and Business, 28 September 1998), 1.
30. Ibid., 2.
31. G. Morgensen, "Speak No Evil, See No Evil," Fortes (15 December 1997): 165.