{"id":2839,"date":"2023-10-24T23:23:30","date_gmt":"2023-10-24T23:23:30","guid":{"rendered":"https:\/\/specialtymedicalpartners.com\/?p=2839"},"modified":"2023-10-24T23:27:29","modified_gmt":"2023-10-24T23:27:29","slug":"smp-and-employee-ownership","status":"publish","type":"post","link":"https:\/\/specialtymedicalpartners.com\/smp-and-employee-ownership\/","title":{"rendered":"Specialty Medical Partners (SMP) and Employee Ownership: Why will this help my practice?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2839\" class=\"elementor elementor-2839\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d3f2de9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d3f2de9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3877dd7\" data-id=\"3877dd7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7d11db1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7d11db1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c6f8c00\" data-id=\"c6f8c00\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9797be5 elementor-widget elementor-widget-spacer\" data-id=\"9797be5\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}.e-con{--container-widget-width:100%}.e-con-inner>.elementor-widget-spacer,.e-con>.elementor-widget-spacer{width:var(--container-widget-width,var(--spacer-size));--align-self:var(--container-widget-align-self,initial);--flex-shrink:0}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container,.e-con>.elementor-widget-spacer>.elementor-widget-container{height:100%;width:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer{height:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner{height:var(--container-widget-height,var(--spacer-size))}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty,.e-con>.elementor-widget-spacer.elementor-widget-empty{position:relative;min-height:22px;min-width:22px}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon,.e-con>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon{position:absolute;top:0;bottom:0;left:0;right:0;margin:auto;padding:0;width:22px;height:22px}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-05c675f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"05c675f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-26cd25e\" data-id=\"26cd25e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-988a514 elementor-widget elementor-widget-heading\" data-id=\"988a514\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Specialty Medical Partners (SMP) and Employee Ownership: Why will this help my practice?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7da8f62 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7da8f62\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7a9a463\" data-id=\"7a9a463\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7e5f64f elementor-widget elementor-widget-spacer\" data-id=\"7e5f64f\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fa0ade9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fa0ade9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-2578855\" data-id=\"2578855\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3a144f5 elementor-widget-tablet__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"3a144f5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\tWe live in a time of international mega-corporations, stagnant wage growth, the shrinking middle class, growing distrust in institutions, and concerns about the &#8220;1%&#8221;. At SMP we are a true partner for physicians. We believe that the key to long-term success is ensuring that the practices we partner with have the best teams possible.\n\n<br><br>  \nUnderstanding that employee turnover has a negative impact on patient care, we spend a significant amount of time working collaboratively towards long-term success. We do this by implementing highly competitive compensation programs, fully paid health benefits, and the opportunity for employees to be owners. We want to help bring back a time where team members spend an entire career at one location.\n\n<br><br>\n<strong>Employee Ownership benefits<\/strong>  \n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-153ce74\" data-id=\"153ce74\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ebf6c00 elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"ebf6c00\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"2560\" height=\"1441\" src=\"https:\/\/specialtymedicalpartners.com\/wp-content\/uploads\/2023\/10\/Collaboration-scaled.jpeg\" class=\"attachment-full size-full wp-image-2840\" alt=\"\" srcset=\"https:\/\/specialtymedicalpartners.com\/wp-content\/uploads\/2023\/10\/Collaboration-scaled.jpeg 2560w, https:\/\/specialtymedicalpartners.com\/wp-content\/uploads\/2023\/10\/Collaboration-300x169.jpeg 300w, https:\/\/specialtymedicalpartners.com\/wp-content\/uploads\/2023\/10\/Collaboration-1024x576.jpeg 1024w, https:\/\/specialtymedicalpartners.com\/wp-content\/uploads\/2023\/10\/Collaboration-768x432.jpeg 768w, https:\/\/specialtymedicalpartners.com\/wp-content\/uploads\/2023\/10\/Collaboration-1536x864.jpeg 1536w, https:\/\/specialtymedicalpartners.com\/wp-content\/uploads\/2023\/10\/Collaboration-2048x1153.jpeg 2048w, https:\/\/specialtymedicalpartners.com\/wp-content\/uploads\/2023\/10\/Collaboration-1568x882.jpeg 1568w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" style=\"width:100%;height:56.29%;max-width:2560px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1d7c411 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1d7c411\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d688f3f\" data-id=\"d688f3f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d35f003 elementor-widget elementor-widget-text-editor\" data-id=\"d35f003\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t1. Your practice legacy is secure: SMP lives on as ownership passes to new employees over generations.\n<br>\n2. An increase in the quality work with highly engaged employees.\n<br>\n3. Work in a transparent environment: As shareholders, you will have full access to SMP\u2019s financials and strategic plans.\n<br>\n4. Build trust within the practice through increased transparency.\n<br>\n5. Support the middle class: Our profits are shared among employees\/shareholders.\n<br>\n6. The opportunity to invest in the private sector: A higher expected return on investment than public stocks or bonds.\n<br>\n7. Employees get access to the same tax advantages as business owners: For example, the capital gains exemption.\n<br>\n8. Employees and management hold each other accountable as owners. Employee ownership is the ultimate union. Employees are the employers, breaking management vs. employee walls.\n<br>\n9. Promote the spread of corporate profits and investment opportunities back into the working population.\n\n\n<br><br>\n<strong>Author: Michael Black, Chief Executive Officer, Specialty Medical Partners<\/strong>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b700195 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b700195\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c0341eb\" data-id=\"c0341eb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7d07af9 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"7d07af9\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/specialtymedicalpartners.com\/contact\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Contact Us<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0e56154 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0e56154\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f5d0f0e\" data-id=\"f5d0f0e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-94a73e3 elementor-widget elementor-widget-spacer\" data-id=\"94a73e3\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>We live in a time of international mega-corporations, stagnant wage growth, the shrinking middle class, growing distrust in institutions, and concerns about the &#8220;1%&#8221;. At SMP we are a true partner for physicians. We believe that the key to long-term success is ensuring that the practices we partner with have the best teams possible. <\/p>\n","protected":false},"author":3,"featured_media":2840,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-2839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-smpnews","entry"],"_links":{"self":[{"href":"https:\/\/specialtymedicalpartners.com\/wp-json\/wp\/v2\/posts\/2839"}],"collection":[{"href":"https:\/\/specialtymedicalpartners.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/specialtymedicalpartners.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/specialtymedicalpartners.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/specialtymedicalpartners.com\/wp-json\/wp\/v2\/comments?post=2839"}],"version-history":[{"count":6,"href":"https:\/\/specialtymedicalpartners.com\/wp-json\/wp\/v2\/posts\/2839\/revisions"}],"predecessor-version":[{"id":2846,"href":"https:\/\/specialtymedicalpartners.com\/wp-json\/wp\/v2\/posts\/2839\/revisions\/2846"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/specialtymedicalpartners.com\/wp-json\/wp\/v2\/media\/2840"}],"wp:attachment":[{"href":"https:\/\/specialtymedicalpartners.com\/wp-json\/wp\/v2\/media?parent=2839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/specialtymedicalpartners.com\/wp-json\/wp\/v2\/categories?post=2839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/specialtymedicalpartners.com\/wp-json\/wp\/v2\/tags?post=2839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}