establishes a contract that allows physicians to maintain their own offices and share services

A shared services agreement establishes a contractual relationship between two or more independent physicians. The agreement outlines how each physician will share common office equipment, personnel, supplies, and resources. The benefits of shared services agreements are numerous, including cost and overhead savings for physicians, increased efficiency of services, improved patient care, and enhanced customer satisfaction. The agreement typically outlines costs, outcomes, responsibilities, and the scope of services to be shared. Shared services agreements give independent physicians more flexibility to manage their practices, while still allowing them to maintain their autonomy and unique practice styles.