It’s not uncommon for some physicians to be engaged in multiple ventures. For example, an ophthalmologist may be a partner in a group with a practice location in City X as well as a shareholder in a group providing weekend ophthalmology coverage in Suburb Y. Medical groups and their physician owners, as well as their…
Grace, not her real name, was very pretty. Long blonde hair. Tall. Fun. But we used to joke that she could never develop a relationship because she didn’t like her suitors’ financial statements.
Congress has legislated away new physician majority owned hospitals from Medicare participation. It didn’t legislate away control.
Look before you leap. CHECK.
Measure twice, cut once. CHECK.
Document your deal with your partners before commencing joint practice. WHAT?
Almost all physician groups are mired in mediocrity. Only 3 to 4 percent are in the category of top performers, of those who have seized their own futures. Those few are the groups that I call the strategic groups. There’s a choice, an intersection – the great intersection – and you’ve come to it today….
To succeed, groups must strategize for their own desired future and that involves telling the truth about the current state of affairs.
Strategic acceptance isn’t resignation—it’s leverage. Learn how medical groups can stop fighting unwinnable battles and redirect energy.
Some football coaches are known for their obsession with defense – for stopping the other team from scoring. But that only works as a part of a larger plan that involves their own team scoring. Don’t miss that point yourself. Many medical groups, both hospital based and office based, either operate without any overall business…