What does IPA mean in medical terms?
independent physician association
An independent physician association (IPA) is a business entity organized and owned by a network of independent physician practices for the purpose of reducing overhead or pursuing business ventures such as contracts with employers, accountable care organizations (ACO) and/or managed care organizations (MCOs).
What does IPA stand for in medical billing?
An Independent Practitioner Association (IPA) is a physician organization comprised of independently practicing physicians (as differentiated from Kaiser Permanente who employs and manages all of its physicians).
What is the difference between medical group and IPA?
An IPA allows physicians who aren’t one, combined corporate entity, to enjoy the benefits of a larger organization. They don’t have a legal relationship with one another, they remain independent practices. A medical group is collection of doctors who have partnered with one another, contractually.
Who can own an IPA?
First, if the IPA is organized as a professional corporation, then only individuals maintaining the following types of licenses may own an interest therein: (1) physicians, (2) psychologists, (3) registered nurses, (4) optometrists, (5) marriage and family therapists, (6) clinical social workers, (7) physician …
How do IPAs get paid?
Under the HMO agreement outlined in the Medical Group Service Agreement (MSA), physicians will receive a monthly capitation payment for every member that selects them as their Primary Care Physician (PCP). The Capitation Payment which is made to the IPA by the 10th of each month is actually a “Net” Capitation Payment.
Is Kaiser an IPA?
In California, the most common type of HMO is the staff model, such as Kaiser Permanente’s, and the independent practice association (IPA) model, such as Health Net’s. These IPAs are usually loose-knit networks of physicians with a common administration to manage insurance contracts. The prototype is Kaiser.
Is an IPA an HMO?
Independent Practice Association (IPA) — a type of health maintenance organization (HMO) in which individual practitioners see patients enrolled in the HMO but also treat their own patients who are not HMO participants. Compensation to the physician is based on either a per-patient fee or a discounted fee schedule.
Should I join an IPA?
Because an IPA functions like a larger medical group, it can also help you to grow a small or new practice faster. An IPA could be a great fit to help you manage and grow your practice, but always invest the necessary time to look at every angle before you commit yourself.
What are the disadvantages of IPAs?
IPA also has a unique feature, which here we will consider to be a disadvantage, in that it is hygroscopic. Hygroscopic substances have the ability to absorb moisture (water) from the air. The hygroscopic nature of the IPA is very pronounced.
What is IPA isopropyl alcohol used for?
Isopropyl alcohol is mixed with water for use as a rubbing-alcohol antiseptic. It is also used in aftershave lotions, hand lotions, and other cosmetics. In industry it is used as an inexpensive solvent for cosmetics, drugs, shellacs, and gums, as well as for denaturing ethanol (ethyl alcohol).
What can IPA clean?
For years IPA has been used to remove flux residues soldering and as a general cleaner to remove oil, grease, and other handling soils. The polar nature of IPA does make it a fairly good cleaner for removing ionic salts from PCBs, and IPA will dissolve the organic acids in rosin-based soldering fluxes.
What does IPA stand for in medical category?
An Independent Practitioner Association (IPA) is a physician organization comprised of independently practicing physicians (as differentiated from Kaiser Permanente who employs and manages all of its physicians).
What is an independent practitioner association ( IPA )?
An Independent Practitioner Association (IPA) is a physician organization comprised of independently practicing physicians (as differentiated from Kaiser Permanente who employs and manages all of its physicians). These independent physicians join together as an association for the purpose of contracting with Health Maintenance…
What do you need to know about an IPA?
An IPA must be able to demonstrate their incremental value to obtain contracts with health plans and other payers for covered lives. Network physicians must have clinical autonomy and assume clinical accountability to optimize an IPAs value.
How does an IPA work with an HMO?
Without these contracts in place, services rendered by the IPA physicians to HMO patients would not be paid. The HMO requires that an IPA verify the credentials of each member physician regularly and pay for all of the medical services rendered by both member physicians and non-affiliated physicians as well.
