There is no denying that small, independent gastroenterology practices face many different challenges. These include tightening reimbursement, rising costs, the growth of larger physician groups and the increasing number of physicians electing to become hospital employees.
While these challenges may have motivated some gastroenterologists to give up their independence, there are many practices nationwide that are not yet ready to take this step.
“Reports of the demise of the small, independent practice are greatly exaggerated,” says Barry Tanner, CEO of Physicians Endoscopy. “In fact, we have seen this model continue to not only survive but often thrive. Success for these practices may not always come easy, and they must undoubtedly overcome many barriers, but the entrepreneurial spirit of the gastroenterologists who choose this model remains strong.”
Here are the stories of two such practices — Gastroenterology Consultants of Laredo (Texas) and the practice of Dr. Eric Teitel in Lower Hudson Valley, New York — that are committed to keeping their independence: