St. Mary's Physician Network Primary Care Model
St. Mary's Physician Network (SPN) is proud to introduce our Partnership Model. Our philosophy is to provide you with access to the tools you need to:
- Run your practice
- Reduce your overhead
- Increase your income
Our Partnership Model gives you the benefits of employment while you maintain the management of your office. We have experienced great success and growth by partnering with our physicians.
Under this model, St. Mary's acquires the physician practice under the wholly owned subsidiary corporation of St. Mary's Physician Network. Our Network has a separate governance structure from the hospital and a board of three St. Mary's members and five Network Physicians.
Physician practices maintain:
- Their current administrative staff
- Independent practice operations
The income model is based on net revenue (less) operating expenses to allow the physician to truly manage their practice. The physician receives financial subsidies for being employed to secure their retirement and increase the physicians' income.
The Network partnership model will allow the physician to obtain:
- Ascension and St. Mary's health and retirement benefits
- Reduced malpractice expense
- Staff benefits
- Capital funding
- Eliminated Physician recruitment cost
- Access to St. Mary's purchasing and reduced pricing
- Annual expense credit per contract year
- Medical leave security
By partnering with St. Mary's, the model also provides an opportunity for Physicians to receive additional incentive compensation. SPN believes our physicians should be able to practice as an independent provider while obtaining the benefits and support of the employment model.
If you would like to receive more information regarding our Primary Employment model please contact our administrative staff at 812.485.8855.