What will happen to your hospital contract or to your hospital employment relationship in the event the hospital merges? Will you still be the contract holder? Will you still have a job?
Medical groups and individual physicians often complain about the hand they’ve been dealt. They seek a strategy to deal with it. In some cases that strategy exists. In others they have waited too long before seeking help.
I recently read an article about a physician who had sold his practice to a hospital. The physician was quoted as having stated that he had grown disenchanted with running the business end of his own practice, thus his agreement to “have my practice managed by” the hospital.
Growing up in the 1970s, parents urged their children to go to school, get a degree, and then work for a great company. Even kids who went into factory jobs heard a similar version of this story. You’d be set for life — the security — or so the story went.
Does the hospital want a relationship with your group or does it just want a transaction?