An independent practice association (IPA) is a group of independent healthcare providers who come together to negotiate contracts with insurance companies. This allows them to maintain their autonomy while benefiting from collective bargaining power. IPAs can include various types of providers, such as physicians, specialists, and hospitals. By joining an IPA, healthcare providers can share resources, reduce costs, and improve patient care. IPAs often focus on enhancing quality and efficiency in healthcare delivery, making it easier for members to coordinate care and share best practices. This collaboration can lead to better health outcomes for patients.