Every rational, independent physician, regardless of specialty or type pf practice model, should be questioning the future of the private medical practice. Instigating factors include macro healthcare economic dynamics; governmental policy; the effects of consolidation of the payer and provider sides of the industry; and the idiosyncratic business model preferences of practice owners, meaning the perpetuation of preferred business models in the face of prevailing environmental contraindications. This article presents the evidence for the survivability of the private medical practice. It presents a framework for thinking and design, based on observations derived from physician-owned practice models. Physician leaders play the key role in moving the vulnerable practice business model toward those with potential for survivability and future growth and development opportunities.

One of the tools US health systems and hospitals are turning to improved outcomes and reduced costs is remote patient monitoring (RPM) technology. This type of patient care extends the reach of physicians, enables a constant relationship between patients and caregivers, and offers providers a continuous stream of real-time health data.

And now, RPM devices are becoming smarter and more affordable. That’s presenting device manufacturers that traditionally targeted hospitals and clinics with new potential revenue channels as they begin offering their services to consumers.

Artificial Intelligence (AI) has become an inevitable tool of innovation in healthcare, progressing from being a nice-to-have, to a must-have. GAVS believes in harvesting the power of Advanced Analytics and AI for smart healthcare operations. GAVS’ Artificial Intelligence as a Service (AIaaS) is focused on leveraging AI to improve the holistic health of patients and to drive better health outcomes through preemptive care, while keeping healthcare costs low.