Learn from this insurance industry trend of ratcheting down payment.
Category: Entrepreneur
In many medical specialties, both hospital and office based, national groups have become significant competitors.
Creative destruction is taking aim directly at community hospitals
n a recent article in the North Bay Business Journal, Jan Emerson-Shea, vice president, external affairs at the California Hospital Association, was quoted, when speaking of community hospitals, as saying that, “there’s a host of challenges that all hospitals face but particularly these small, independent hospitals.
Physician group leaders often mistakenly think that their options for business organization and for expansion are limited to the models traditionally found in medicine. But that’s simply not the case.
As hospitals build employed staff models, as they build ACO networks, and as they influence referrals within those “staffs,” will the quality of care go up, or will it go down?
Over the course of the past decade or so, carriers have ratcheted down payment and have begun a concerted shift away from compensating independent professionals to employing them directly at greatly reduced levels. If you read the prior paragraph quickly, you might think that I was addressing compensation paid to physicians, but you’d be wrong. […]
Highly successful medical groups operate in concert with bureaucratic hospitals but avoid the taint of bureaucracy themselves.