WEEK 6/P/ 2 BEHS 103 2



You are working to develop a business plan for a new business. You are trying to determine the best organizational structure to use.  Of course, the legal structure you pick will depend on the nature of your new company (e.g. who owns it, the number of owners, liability, etc).  Pick one of the legal organizational structures discussed in this week’s reading and state ONE advantage and ONE disadvantage of the structure for your new firm. Be sure to identify the characteristics of your new firm (e.g hospital, physician practice, outpatient center, etc.).
I have been researching to begin developing a business plan for a new physician’s office.  This would be a private practice consisting of two physicians who are general family practitioners working in an outpatient setting.  There are many organizational structures to choose from when thinking about building the plan.  The type of organizational structure that I have chosen for this practice is an LLP or Limited Liability Partnership.  An LLP is “essentially a general partnership with the addition of limited liability of one or more of the partners” (Mathias, 2022).  The specific details vary based on the state that you are practicing medicine in.
An advantage of using this type of structure is that owners are not personally liable for the malpractice of others.  A disadvantage of this structure is that the partners remain personally liable to business creditors, lenders and landlords.
Christine Mathias (2022). LLC vs LLP: What is the difference? NOLO https://www.nolo.com/legal-encyclopedia/llc-vs-llp-what-is-the-difference.html

The pros and cons of corporations, LLCs, partnerships, sole proprietorships. https://southcenters.osu.edu/sites/southc/files/site-library/site-documents/OCDC-formation/DBusinessStructures%2520the%2520Pros%2520and%2520Cons%2520Chart.pdf


. You just started your new job as a Health Services Manager at a local hospital. The CEO wants your opinion on the advantages and disadvantages of various third-party reimbursement arrangements with respect to revenues and provider incentives. Pick one of the reimbursement arrangements discussed in this week’s reading, explain how it works, and discuss ONE advantage and ONE disadvantage.
 Pay for Performance (P4P) is a third-party reimbursement healthcare payment model that financially rewards provides or managed care organizations based on achieving or exceeding quality care benchmarks or other pre-established goals (Medicaid Delivery System and Payment Reform: A Guide to Key Terms and Concepts, 2015). Providers and/or organizations are evaluated against benchmarks or other providers. In this payment model, clear financial incentives are provided to physicians based on scores from predefined performance measures (Medicaid Delivery System and Payment Reform: A Guide to Key Terms and Concepts, 2015). Essentially, the pro

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