Medical groups must understand the direction of the societal wind. You might like it. You might hate it. Either way, it is still windy.
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Category: Podcast
In a move reminiscent of prohibition-era crime fighter Eliot Ness, the U.S. Department of Justice recently announced a coordinated enforcement action against 345 alleged healthcare criminals, including over 100 physicians and other licensed (for now) healthcare professionals, in 51 judicial districts.
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We used to joke about the name of Midway Hospital, an acute care hospital in L.A., saying that it was midway between life and death.
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It is a crime, a violation of antitrust law, to conspire to allocate a market, thus driving up the price. It is particularly egregious when the conspiracy involves the market for medical care for cancer treatment.
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There's nothing wrong with the notion of getting a little bit better each day, month or year. That is, if you discount the fact that improving the current structure of your group might keep you from getting where you really could be.
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Many medical groups, certainly many hospital-based groups but, increasingly, even office-based groups, view themselves as simply providing a “service” for the hospital.
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Hiring for skill is not even half the battle for your group – the price of admission.
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In reality, the "CEO" never really owned his business. He was simply its caretaker. He just realized it a bit too late.
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