Yesterday morning, I took my car to the dealer for service. I left several messages in the afternoon to see if the car was ready. No one returned my call. Every day, your group’s physicians treat patients. I’ll assume, as do your patients, the referral sources who send you work, and the hospitals at which…
Author: Mark
What’s Your Medical Practice’s Value?
In connection with healthcare M&A deals there’s a lot of talk about value. Note that I didn’t say “fair market value,” which generally doesn’t have any real linkage to the market, isn’t of any real value other than to cover one’s ass or convince you to settle for less, and is only “fair” if you’ve…
The One With Mike Hicks – Podcast
Mark Weiss interviews Mike Hicks, the CEO of EmCare Anesthesia Services.
Covenants Not to Compete and Alternatives
Covenants not to compete are not inherently bad. It’s just the laws of some states that make them so. In other words, it’s an issue of policy. The purpose of covenants not to compete is, of course, to broadly protect your group’s business. But even if your group practices in a state that will not…
Un-Greetings!
I was recently “un-greeted” by a cashier at Home Depot. It was around 6:45 p.m. on a Sunday and this guy’s frown was a monotone rainbow of unhappiness. I once had surgery and the anesthesiologist was yelling at his divorce lawyer in preop. These sorts of people can suck the profit right out of your…
A Medical Group in Motion
The same “law” that dictates motion contains a caveat: The object only says in that motion until it is acted upon by an unbalanced force.
Keep on Message
Medical group leaders must use the resources of its medical group’s members to advance the group’s strategy through everyday interactions with referral sources, hospital employees and patients.
Your Exclusive Contract Is About to Be Non-Exclusive
What good is an exclusive contract if the facility demands that it become non-exclusive?
Time
The market’s changing rapidly – government intervention, national and regional groups, hospital employment models.
Physician Employment, the Pareto Principle, and the 99%
I’ve been thinking today about Pareto-type distribution, you know the “80/20 rule,” and physician employment. By physician employment, I’m addressing that situation in which there is no opportunity for meaningful ownership by the affected physician. So, for example, becoming an employee in a physician owned group in which there is a track to equal ownership…