Discussing the business side of all things healthcare.
The move by hospitals to “strengthen” hospital-based departments, and the hospital’s own finances, by outsourcing to so-called national groups and “contract management companies” might just result in the destruction of the hospital. The chances are even higher that it will end the careers of many hospital executives. Over the last 30 to 40 years, both…
Are meetings in your medical group wasting time? Learn how to improve efficiency and cut unnecessary discussions.
Attack a company model arrangement as soon as the threat surfaces.
The bus hurtles down the road, picking up speed, faster and faster, quickly passing one, then another, and then yet another large yellow sign warning that a sharp curve lies ahead, speed limit 15. But no one’s touching the brakes and, in fact, none of the passengers on the bus is driving. Then, 20 or 30…
As the societal trend swings even harder toward the communal and the cooperative, it’s more important than ever that medical groups understand that maintaining their relationships with hospitals requires breadth, depth, and length. This means involvement in a wide range of hospital and medical staff issues, leadership, not just participation, and commitment to a long…
As hard as it is for me to say, it’s been 40 years since I had my summer job at McDonald’s. Yet after all this time, I remember some of the standards-enforcing mechanisms the franchise used, from written instructions on how each of the food items was to be prepared, to cards bearing sayings such…
It goes without saying as to any hospital-based medical group that top notch clinical skills are required. But, they merely are the “price of admission;” they get you into the position of holding a hospital contract, not actually holding it, or, in far too many cases, keeping it. Obviously, I can’t comment on the actual…
If you build it, you might just chase them away. The parking lot in front of Fry’s Electronics was massive, but even so, it seemed small in comparison to the 150,000 or so square feet of store space. But walking in the door with a computer to be repaired, the first step in running the…
Independent anesthesia groups must develop strategies tied to the segmenting market.
It’s estimated that the large national anesthesia companies have around 10 percent of the market. They certainly are on a drive to expand. To a significant degree, this expansion is driven by private equity and in some cases publicly raised money. But outside investors will only stay in the game as long as there are profits. When…