Grant Zarzour, MD, is observing private equity, management service organizations and other forms of partnerships in orthopedics closely.
Dr. Zarzour, president of Mobile, Ala.-based Gulf Orthopaedics, spoke about how his practice is monitoring the evolving business landscape on the "Becker's Healthcare Spine and Orthopedic Podcast."
This is an edited excerpt. Listen to the full episode here.
Question: What are some of the top challenges you're anticipating through the end of the year?
Dr. Grant Zarzour: On the business side of things in the orthopedic landscape, there's kind of this musical chairs being played right now. The music is going, and do you sit in the private equity chair or the status quo or do you try to come together and merge or join an MSO with other private practice groups?
Really our goal is to figure out what's the right step for us, and we're trying to learn from some of the other groups around the country. You've already been down these roads or actively going down these roads, and there's hospital partnerships as well. But our goal really is to continue to maintain these four stars of excellent patient care and see which one of those makes the most sense. It's a very complex world right now. Like we used to have to worry about hip to knee surgery, and now it's increasingly evident that you have to pay attention to the business side of things. Right now we're working on that, and you have to have a practice that can recruit new doctors and workplace cultures. Those are the main things we'll be working on.