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Will we see a PPMC resurgence?
So-called physician practice management companies, or PPMCs, were launched in the early 1990s concurrent with the same conditions seen today: a soft economy, fast-rising health costs and fear of top-down federal reform. An economic resurgence tabled reform efforts 16 years ago, and this combined with severe flaws in the enterprise model of most PPMCs in the ophthalmic space extinguished such firms. However, with a cohort of peri-retirement providers trying to divest their practices, and with renewed health reform jitters, the ground for a new generation of PPMCs is fertile. I forecast that the model ahead is less likely to be a publicly traded roll-up such as PRG, but rather private, regional consolidations.
Get more expert perspective from John Pinto live at Hawaiian Eye 2010, to be held January 17-22, 2010 at the Grand Hyatt Kauai. Learn more at OSNHawaiianEye.com