Are you actually preventing your medical group’s success?
Manage Your Practice
Does Your Medical Group Have a Success Prevention Department?
If you build it, you might just chase them away. The parking lot in front of Fry’s Electronics was massive, but even so, it seemed small in comparison to the 150,000 or so square feet of store space. But walking in the door with a computer to be repaired, the first step in running the…
TSA Screeners and the Myth of Medical Group Institutionalization of Business Relationships
A congressional study compared the performance of San Francisco International (SFO) Airport’s privately contracted screeners with those of LAX’s TSA staffed screeners. SFO’s staff screened 65% more passengers per screener than the government employed TSA personnel at LAX. To make the comparison even more striking, another study revealed that TSA personnel at LAX missed three…
Strive for Simple
Certainly, patient care within your medical specialty involves many complicated and complex issues. But that doesn’t mean that the way that your practice’s business relates to hospitals, referral sources and patients has to be complicated. And, it doesn’t mean that the way that the arrangements among your practice’s owner physicians, or between your practice entity…
Strive for Simple – Podcast
Medical practice is complex but your practice’s business should strive for simplicity.
Who’s Driving Your Practice’s Bus? II – Podcast
There is no question that the healthcare market is changing rapidly. This means that groups must have the ability to make business decisions rapidly.
Who’s Driving Your Practice’s Bus? II
For many medical practices, it appears as if no one is driving the bus; that is, no one is in charge of the group’s business. Instead, the practice operates like a runaway bus — yes, the providers are seeing patients, but where is it headed?
It’s Human Nature: Incentivizing Performance
In 1919, New York hotelier Raymond Orteig announced the Orteig Prize: $25,000 to the first aviation team to fly nonstop between New York and Paris. In 1996, the X Prize, later named the Ansari X Prize for its major benefactors, offered $10 million to the first private, reusable manned spacecraft to fly into space twice…
Adopt the Company Mindset
Like it or not, the practice of medicine is also a business.
In many specialties, your competitors are businesses: the so-called national groups and practice management companies.
Physicians as Antiquated as “Books Printed on Paper”
While on a website obviously aimed at the college student age group, I noticed an ad for a book by a well-known author. Below a picture of the book’s cover were the following words: “All of the words, printed on paper. Classic!” This is an interesting signpost of the impact of what Joseph Schumpeter called creative…