It’s morning in a mall outside of a metro station in Washington, D.C. Josh, dressed in jeans, T-shirt and baseball hat, picks up his violin and begins to play. Classical music, some of the most complex and beautiful ever written for the instrument, floods the air. Over the next three quarters of an hour, over […]
Category: Thriving
Life’s good and “efficient,” a common meme in healthcare. But, like a sponge, when conditions change, they can neither change with the times nor change location, at least not until it’s too late.
There is one weird trick and it can be yours and it has nothing to do with belly fat but everything to do with increasing your practice’s or business’s success. Clickbait. Although the term is often used as a pejorative, it describes an impactful statement that’s designed to grab your attention, pulling you in to […]
What those hospitals are really doing is training more physicians to become hospital-employed or hospital-controlled managers in order to monitor, cajole and threaten the members of the medical staff to follow mandated cost cutting measures.
What are you incentivizing your employees or independent contractors to do? And what if those incentives are driving them to not do other things that are far more essential for your business? Or, even worse, what if those incentives are driving them to do things that are clearly detrimental to your business?
Marcus Lemonis of the TV show, The Profit, says that there are three “P’s” to business success: 1. People2. Product3. Procedures But in terms of medical group success, there are actually four P’s: 1. People2. Product – that is, your services3. Procedures4. Perception People The first, people, is clearly the most important. No matter how […]
Many hospitals have strong brands, as do many medical groups. They didn’t just happen, they were developed. Brands are a promise of known value and quality. Think Mayo Clinic versus Next Hospital Before Freeway.
Cutting costs is no way to improve any business for other than the very short term. Instead, the key is to invest in your business in order to expand income
Today more physicians than ever before are opting for factory work. Employment by hospitals. It’s easy. Less paperwork (really?).
In a nutshell, Reinertsen states that radiologists should reconcile themselves to lower incomes and simply focus on quality.
