Growing up in the 1960’s and early 1970’s, it was a common assumption that going to college and getting a job with a large company was the key to financial security.
Category: Employment
Many pundits claim, and many physicians believe, that hospital employment is a more stable career path than independent practice. But is that truly the case?
Top level hospital-based groups cannot merely be concerned about maintaining a relationship; they must be concerned about delivering a transformational experience to their relationship partner.
I’ve described exclusive contract relationships between hospital-based groups and facilities as being Relationship Contracts™, not Transactional Contracts™. To recap what I mean by those terms, Transactional Contracts™ are ones in which the parties negotiate for a deal which, essentially, terminates as of the closing. For example, think about the purchase of a car or the purchase […]
You couldn’t ask for a better analogy to illustrate the difference between entrepreneurial practice and the bureaucratic world of one size fits all medicine envisioned by many pundits as the preferable world of the future. Dinner at the family-type chain restaurant, Rock Fish. Pleasant but not fancy, yet clean and decorated nicely. We were greeted […]
I recently read an article about a physician who had sold his practice to a hospital.
As much actual tension as there is between physician groups and ACOs, they share a common weakness. From the smallest multi-provider group to the largest “alignment” entities, their real value isn’t in leases, equipment, or payor contracts, it’s in the knowledge, skills and experience of their professional employees – specifically, their physicians. That value walks […]
Employment by hospitals is no safe harbor for physicians; in fact, it’s quite the opposite.