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.
Category: Thriving
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
I see zombies every day. More physicians don’t question the promises of employment.
Sorry. None of your patients, referral sources, or the hospitals at which you practice cares about your success.
Today more physicians than ever before are opting for factory work. Employment by hospitals. It’s easy. Less paperwork (really?).
Not devoting the proper resources to your future is the most expensive alternative.
In my work with physician groups across the country, I often encounter this defeatist attitude.