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?
Thriving
The 4 “P’s” of Medical Group Success
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…
Why Saving Won’t Save – Podcast
“We’ve got to stop ordering roller ball pens. Just order those cheap Bics.”
Why Saving Won’t Save – Medical Group Minute
“We’ve got to stop ordering roller ball pens. Just order those cheap Bics.”
About Brand Extension
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.
Why Saving Won’t Save
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
Are You Protecting the Right Turf? – Medical Group Minute
For physicians, protecting your turf requires a balanced approach.
I See Zombies Every Day – Podcast
I see zombies every day. More physicians don’t question the promises of employment.
Girl Scout Cookies and Medical Group Success – Medical Group Minute
Sorry. None of your patients, referral sources, or the hospitals at which you practice cares about your success.
Sun Tzu and Group Strategy – Medical Group Minute
Having all group members buy in to the same cause is a winning strategy.