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 Physicians as Practice Administrators  

Physician practices are a key component of the U.S. healthcare  system. According to the text, a significant amount of revenue that the  healthcare industry generates can be directly linked to the care that  physicians provide for their patients. In addition, physicians in a  medical practice add to this revenue stream by admitting patients to a  hospital, prescribing prescription medication, ordering home health  services and medical equipment, and referring their patients to other  healthcare providers for care and treatment. As a future healthcare  administrator, it is important for you to demonstrate an understanding  of the challenges and opportunities that today’s physicians face in  providing quality healthcare services.

Write a four to six page (4-6) paper in which you:

1. Compare the main various forms of medical group practice. Next,  select the form that would be most attractive to a newly licensed  physician. Justify your selection.
2. Analyze how the role of the physician in a medical practice has  changed in the past twenty (20) years. Assess three (3) specific  challenges that today’s physicians face as members of a medical group  practice. Support your response. 
3. Suggest three (3) specific competencies that a physician should  demonstrate to be successful as a practice manager. Next, determine  three (3) hurdles that a physician might face as the leader of a group  practice. Provide rationale for your response. 
4. Assess the value of effective Human Resources Management (HRM) in a  medical practice. Suggest three (3) functions of HRM necessary to  attract and retain the type of employees needed for the practice in  order to achieve long-term success. Support your recommendations with  specific examples of how each function impacts the overall success of  the practice.
5. Determine three (3) aspects of consumer behavior that the  physician’s practice management should consider as part of an effective  marketing strategy for medical practices. Provide a rationale for your  response. 
6. Use at least three (3) quality academic resources. Note: Wikipedia does not qualify as an academic resource.