Co-management agreements have risks. Beware.
Co-management agreements are growing in popularity as health care shifts to outcomes-based reimbursement models. Physicians and hospitals contract with one another in quality-oriented pay-for-performance arrangements, in which physicians oversee and manage service lines (most commonly orthopedics, oncology, and cardiology).
The overarching goal of these agreements is quality improvement, which benefits all parties involved — especially the patient. The hospital benefits financially in part from reducing costs and physicians receive a base …