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 is an IPA's value?
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. The unique partnership embodied in the doctor/patient relationship must be preserved.How can IPAs promote optimal health outcomes for patients?
IPAs should organize a health care delivery system which produces optimal health outcomes for patients. IPAs should promote efficiency and effectiveness in the delivery of health care to patients that produces value.