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A maternal-fetal medicine specialist talks with a new mother holding her newborn, while the father and their young daughter sit beside her in a medical practice exam room.
Case study · Maternal-fetal medicine

MFM Practice Case Study: From Referrals to Owning Care

A case study in owning the outcome.

A maternal-fetal medicine practice was advising on high-risk pregnancies while other physicians made the calls. Its outcomes, its revenue and its leverage with payers all depended on someone else. Then it started owning the care, and it has grown 30 to 40 percent a year since.

Results reported by the practice. Figures are approximate.

At a glance
30–40%Annual revenue growth since 2023
80%+Of the pilot market's deliveries within 3–4 months
~4×Revenue per midwife-attended delivery, from about $1,400 to $5,500+, under the new contract structure
~30%Fewer level-3 NICU admissions at the pilot site

Results reported by the practice. Figures are approximate.

The questionHow can a specialty practice grow beyond a referral-only model?

Short answerA specialty practice can grow beyond a referral-only model by delivering care directly instead of only advising on it.

In one case, a maternal-fetal medicine practice added its own obstetricians and midwives, standardized physician-written protocols, benchmarked outcomes against statewide data and renegotiated insurance contracts. The practice has reported growth of 30 to 40 percent a year since 2023.

Why this matters if you run a referral-based practice

This practice had all three problems. Here's how it got out.

The handoff

You've seen the scan. You know what this pregnancy needs over the next few weeks. You write it up (the monitoring, the delivery plan, the red flags) and send it back to the referring obstetrician. Then you wait. Maybe it gets followed. Maybe it gets followed halfway. Sometimes you find out how it went when the baby lands in the NICU.

For years, that was the whole job at this practice. It was a respected MFM consultancy with a steady referral stream. Obstetricians sent their highest-risk patients for specialist input, kept those patients, and decided what to do with the advice.

On paper, it looked healthy. Underneath, it had three problems nobody could fix from the consulting chair:

The specialists could see the risk. They just weren't the ones who got to act on it.

Proving it in one market

So the practice asked a different question: What if the patients were theirs?

It picked one market that averaged about 80 deliveries a month and went direct to patients, pairing an MFM specialist with certified nurse midwives. Within 3–4 months, the pilot was handling 65–70 of those 80 deliveries.

Patients would come. The next question was whether the practice could build something that held them.

Building it with Practice Now

That's where Practice Now came in. The practice kept its referral division and added a women's care group that employs its own obstetricians, now about 35 of them. Practice Now worked through four moves with them, each one setting up the next.

A physician and a nurse smile with an expectant mother during a prenatal visit at a medical practice, an ultrasound monitor behind them.
  1. Protocols first

    Practice Now worked with the practice's physicians to build clinical protocols and roll them out, with coaching for providers. With OBs on the same team, those protocols stopped being suggestions mailed to outside practices. They became the shared standard of care, with room for clinical judgment.

  2. Then the proof

    Shared standards produced shared data, and shared data changed the payer conversation. Practice Now benchmarked the practice's outcomes against statewide hospital data and built the case payers needed to see.

  3. Then the contracts

    With that case in hand, Practice Now negotiated stronger payer contracts, including shared-savings arrangements with Medicaid plans.

  4. Then the physician math

    Practice Now designed the physician employment and compensation structure. The combined contract pays more per delivery, so physicians can earn more for the same work, or keep their pay and spend fewer nights on call. Those are the two objections that usually stall a change like this, and the model answers both.

What Practice Now brings to your practice

Every problem this practice faced has a fix, and every fix is work Practice Now does.

The problemThe fixWhat Practice Now does
Outcomes swing with whichever practice has the patientOne physician-authored standard of careBuilds and rolls out clinical protocols, with coaching for providers
Payers can't see your resultsOutcomes benchmarked against statewide dataBenchmarks your outcomes and builds the case payers need to see
Contracts underpay for the care you deliverStronger contracts, including shared savingsRenegotiates payer contracts, starting with the one that moves the most money
Physicians resist the changeMore pay per delivery, or fewer nights on callDesigns the physician employment and compensation structure

What it bought them

Growth

30–40% annual revenue growth since 2023.

Clinical

About 30% fewer level-3 NICU admissions at the pilot site after protocols were standardized.

Contracts

About 4× revenue per midwife-attended delivery, from about $1,400 to more than $5,500, under the new contract structure.

Patients

80%+ of the pilot market's deliveries within 3–4 months.

The work isn't finished. Full protocol adoption is still in progress, which is exactly why the practice keeps measuring it.

Results reported by the practice. Figures are approximate.

Is this your practice?

Picture an independent specialty group anchoring a handful of referring physicians, for example a maternal-fetal medicine group working with 5–10 obstetricians. That group is sitting exactly where this practice sat. You see the risk. Someone else makes the call.

You don't have to rebuild everything at once. Some groups start with one piece: benchmarking outcomes, renegotiating a single payer contract, or standardizing one protocol. The first 90 days show which piece will move your numbers most.

Could this work in your practice?

We'll look at your net collection rate, total cost of medical billing, and contract rates, compare them to benchmarks, and show you where we'd start.

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