Calvin Carey is the owner and founder of PHM. With over 20 years of experience, Calvin brings an extensive knowledge of hospital operations, physician practice management, and healthcare strategy to the team.
Calvin has a Masters of Business Administration and is a CPA. He served in several CFO positions exposing him to a wide range of what works and doesn’t work financially for healthcare delivery.
Calvin was the CEO of a physician-owned hospital. Here he learned about the value physicians bring to the management of the healthcare delivery system and began to question why physicians are not leading the management process.
In his last position, he was responsible for the daily financial operations of the hospital and its financial performance.
In his personal time, Calvin spends time with his wife, Michelle, two grown children, and two sweet grandbabies. He enjoys the outdoors, reading, and anything associated with flying.
Physician Hospital Management (PHM) groups focus on rural healthcare sustainability. We engage in effective physician recruitment and retention strategies. Additionally, the PHM group develops comprehensive health services arrangements with managed care companies and other payers.
A PHM group provides financial expertise and acts as a conduit for physicians to have ownership. In short, it’s a way of streamlining the sometimes-difficult bureaucracy that comes with healthcare and hospital systems and navigating those waters so that physicians can focus on actually practicing medicine.
Entering into a PHM group allows a physician to have a deeper involvement in the decision-making process as an owner, not an employee. This allows for greater emphasis on the patient experience which in turn increases the patient’s quality outcome.
PHM groups afford independence to each practice involved. Practices then work together to create a common goal organizationally, putting the patient at the center of the outcomes. There could also be tax benefits to joining an LLC; talk with your tax professional about what this could mean for you.
The primary purpose is to put patient care at the forefront of the organization. This creates a better bond between the physician and the patient, allowing the physician, not the organization, to direct patient care.
A PHM group is often the first step on the path to further integration of the provider community in its locality and brings with it financial and operational expertise. The PHM group will be the legal conduit that allows for health services agreements and funding for community health determinants to be treated as the priority, which will increase the quality of patient outcomes and, ultimately, benefit the local community.
PHM knows the frustrations of both the hospital and physicians. Physicians have burnout, hospitals want more production. PHM negotiates the gap to help both parties come out on top.
The group is formed into an LLC with each physician, or physician group, becoming a member. Each member has ownership equal to the percentage that they bought into the group.
A board will be elected by the PHM members as allowed by the operating agreement. The size and makeup of the board will be decided during the formation of the LLC. The board will be granted the power as allowed by the operating agreement for the LLC.
This is determined at the formation of the group. Each PHM is unique to its location and circumstances.