ACMPE Article Assessment - The significance of the partnership agreement in private practice and trends in medical practice ownership

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* 1. The terms and conditions described within the partnership agreement guide how profits and equity of the practice will be created, optimized and realized.

True

False

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* 2. Equity is the value of the practice as determined by a process usually described in the partnership agreement and involves:

Assessments

Analysis

Calculations

All of the above

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* 3. Approximately ______ of physician practices are owned by hospitals, health systems or other corporate entities.

45.8%

58.5 %

62.4%

68.2%

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* 4. A growing number of outside investors in physician groups can include:

Private equity firms

Health plans

Banks

A and B

All of the above

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* 5. When it comes to owning medical practices, healthcare systems are driven by the need for vertical integration and to be positioned for success with population health.

True

False

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* 6. Physicians who choose to practice clinically in a private practice and aspire to partnership are seeking value from:

Wages and benefits

Profit distributions

Equity distributions from investments and taking risk as an owner

All of the above