Outpatient Physician Benefits

100% Physician Owned and Managed


Governance
• 100% Physician owned and managed
• Board of Directors- one representative from each site
• Executive Committee-9 elected physicians
• Executive Director/CEO
• Medical Director

Asset Purchase Agreement
• NBV on F, F & E (furniture, fixtures & equipment)
• Physicians retain their current A/R from former practice
• Buy back option upon exit from COPC

Employment
• Immediate Shareholder status offered (when practice is acquired)
• One share of stock @ $500 must be purchased
• Past service credit granted for benefits
• All practice employees become COPC employees

Compensation
• Productivity compensation formula (revenue minus expense)
• Bi-weekly draw
• Quarterly compensation true-up
• COPC supports compensation during A/R ramp up

Employee Benefits
• 401-K and profit sharing plans
• Term life insurance
• Long term disability
• Health, vision and dental insurance
• Medical reimbursement account (125C)
• Health Savings Account

Group Insurance
• Professional liability insurance
• Corporate coverage

-Directors & Officers
-Employment liability
-General liability
-Cyber liability

Facility Issues
• Physicians own or lease facility, COPC subleases
• Equipment leases generally are assumable
• COPC Properties, LLC

Administrative Central Services Provided
• Administrative practice management
• Human resources
• Finance and accounting

-Financial statements
-Accounts payable
-Banking
-Payroll processing
-Income distribution formula accounting
-Corporate tax preparation (not personal)

• In-house legal counsel
• Group payer contracting
• Group purchasing
• Pre-certification department
• Information technology services

-Intranet (internal)
-Internet (public web site)
-E-mail
-PC, printer, data lines, phone system, etc.
-Electronic Health Record implementation support

• Common billing system-eClinicalWorks
• EHR system-eClinicalWorks
• Centralized Insurance and statement processing
• Centralized Accounts Receivable management
• Coding review & consultation (certified coders on staff)
• Courier service between sites (lab specimens and mail)

Physician Recruiting
• 2 year minimum salary guarantees
• Signing bonuses
• Loan repayment programs
• Central Office recruiting support
• Recruiting marketing programs

Group Ancillary Services
• Radiology (Westerville, Reynoldsburg and Olentangy locations)
• Laboratory (courier pick up daily)
• Cardiovascular testing (Westerville, Reynoldsburg and Olentangy locations)
• Physical Therapy (Westerville)
• Vaccine repository

Disease Management Programs
• Asthma-offered on site for Pediatrics and Family Practice
• Diabetes-3 geographically located classrooms
• Employee wellness