Hospital based medical groups are often faced with a choice upon exclusive contract renewal: The expectation or demand on the part of the hospital that the group must provide its services, perhaps even at a higher level of intensity, for lower or no stipend support.
Category: Exclusive Contracts
If you attended my recent webinar, The Impending Death of Hospitals, you know that I firmly believe that healthcare delivery is shifting away from hospitals and their aligned physicians. In fact, the prognosis for hospitals, at least as we know them today, is guarded. As another guidepost in this transformation, Tenet Healthcare Corporation just announced […]
The physicist Niels Bohr is reputed to have quipped that prediction is very difficult, especially if it’s about the future.
The physicist Niels Bohr is reputed to have quipped that prediction is very difficult, especially if it’s about the future.
Many medical group leaders are afraid of what the future may bring. They see growing hospital-centricity. They see national groups. They see commoditization.
What good is an exclusive contract if the facility demands that it become non-exclusive?
Hospital-based medical groups are often faced with a choice upon exclusive contract renewal: The expectation or demand on the part of the hospital that the group must provide its services, perhaps even at a higher level of intensity, for lower or no stipend support. A group enters into an exclusive contract in order to protect […]
Only slightly tongue in cheek, Einstein’s theory of relativity, E=MC², is also the formula that describes the power of any medical specialty exclusive contract. E = Exclusive (to the exclusion of all other physicians as to the services covered) m = management (of the business function of delivering that service) c² = control and cash.
Hiring for skills alone is a shortsighted game plan.
Hiring for skill is not even half the battle for your group – the price of admission.
