Medical Group Minute Archives - Wisdom. Applied.

Fraud on Fridays: Your Banker Is Watching

Mark — Fri, 24 Apr 2026 15:19:00 +0000

Your bank’s been deputized as the front line of healthcare fraud detection. Here’s what that means for you.

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It’s Not Hotel California, But Many Physicians Feel Trapped. – Medical Group Minute

Mark — Wed, 07 Aug 2024 10:51:00 +0000

According to 2023 reports, by 2021, nearly 70% of physicians were employed by hospitals or investor-owned corporations.

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Conviction for $70 Million in Fake Medicare Claims Likely Sending Doc to Big House – Medical Group Minute

Mark — Wed, 31 Jul 2024 08:24:00 +0000

Although health care fraud doesn’t require the involvement of telemedicine, with advances in telemedicine come “advances” in criminal schemes.

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Avoid This Error of Measuring Leadership Success – Medical Group Minute

Mark — Wed, 24 Jul 2024 09:32:00 +0000

In an organization we tend to be judged for what we do - not for the decisions that we make not to do something.

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“Loco Tenens” and Agency Pay $700K to Settle Alleged Telemedicine Kickback Scheme – Medical Group Minute

Mark — Wed, 17 Jul 2024 09:31:00 +0000

With physician shortages in many specialties opening up lucrative opportunities for locums work, temporary staffing is undergoing a boom.

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Hamburger or Health Care? Why You Must Understand the Dilemma. – Medical Group Minute

Mark — Wed, 10 Jul 2024 09:27:00 +0000

Many medical groups have come to expect that their businesses run like vending machines. Push the button and out comes collections.

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Compounding the Kickback Problem – Medical Group Minute

Mark — Wed, 03 Jul 2024 09:50:00 +0000

Compounding pharmaceuticals, specific drugs for specific patients, offers tremendous benefit. The problems arise when the benefit is for the prescribing physician.

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Perhaps “Change Healthcare” Was Always A Cry For Help? The Two Real Lessons of the Change Healthcare Cyber Attack Debacle. – Medical Group Minute

Mark — Wed, 26 Jun 2024 14:02:00 +0000

The financial impact was immediate and momentous: Neither new nor existing claims, nor payment for them, could be processed.

The post Perhaps “Change Healthcare” Was Always A Cry For Help? The Two Real Lessons of the Change Healthcare Cyber Attack Debacle. – Medical Group Minute appeared first on Wisdom. Applied..

Telehealth Plus Tell a Lie Means Likely End Up in Prison for Telefraud – Medical Group Minute

Mark — Wed, 19 Jun 2024 09:13:00 +0000

Telehealth can be used to vastly improve patients’ access to medical care. At the same time, it can be used to vastly improve criminals’ access to Medicare dollars. It shouldn’t be that difficult for physicians to assess the bona fides of their proposed participation in a telehealth “business model” when the ones doing the proposing are telemarketers.

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Commercial Building Foreclosures Foretell Healthcare Financing Woes – Prepare Now – Medical Group Minute

Mark — Wed, 12 Jun 2024 14:46:19 +0000

Physician practices, ASCs and other small to medium healthcare business entities, many of which have had only deposit relationships with banks, or which have had relatively low lines of credit, need to actively work to establish relationships with multiple potential lenders.

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Speak Truth to Numbers – Medical Group Minute

Mark — Wed, 05 Jun 2024 07:34:00 +0000

Don’t get your medical group or healthcare business lost in big data.

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How to Use Red Teams to Strengthen Your Business – Medical Group Minute

Mark — Wed, 29 May 2024 08:22:00 +0000

I planned to buy, but as soon as I walked 13 feet into the car showroom, I knew that they’d make no sale.

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You Didn’t Go to Medical School to Be in Business! Let Us Run It Into the Ground. – Medical Group Minute

Mark — Wed, 22 May 2024 08:15:00 +0000

Many predicted that the financial behemoths run by the smartest guys in the room would swallow up every physician on the planet.

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The Use of Banned Messaging Apps Cost Wall Street Banks Close to $2 Billion. What Will it Cost Your Medical Group or Facility? – Medical Group Minute

Mark — Wed, 15 May 2024 08:06:00 +0000

Banks, brokerages, and your medical group or facility’s potential violation of HIPAA?

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Intended Obfuscation or Lazy Drafting, The Outcome’s The Same: You’re Screwed. – Medical Group Minute

Mark — Wed, 08 May 2024 07:24:00 +0000

Most people don’t like throwing good money after bad in a contract dispute.

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McDonald’s and Delivering Medical Group Value – Medical Group Minute

Mark — Wed, 01 May 2024 09:34:00 +0000

Value is what’s important to your customer. Not to you.

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Showing Up On Time and Negotiation – Medical Group Minute

Mark — Wed, 24 Apr 2024 08:30:00 +0000

Don’t make the mistake of thinking that being late signals your importance or your power.

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Does Selling to Private Equity Increase Your Risk of Liability For Healthcare Fraud? – Medical Group Minute

Mark — Wed, 17 Apr 2024 08:18:00 +0000

The first purchase price is the one that the seller receives. The second purchase price is the one that the seller pays by having sold to the wrong buyer.

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She Said, He Heard – A Lesson From Insider Trading to Prevent Your HIPAA Violation – Medical Group Minute

Mark — Wed, 10 Apr 2024 07:57:00 +0000

What policies does your group have? How are they enforced . . . or even, how can they be enforced?

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The Only Thing the Hospital Has to Fear Is Fear Itself – Medical Group Minute

Mark — Wed, 03 Apr 2024 08:37:00 +0000

Do you know the secrets of using fear of loss as a tactic in hospital negotiations?

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OIG Permits Deferred Payment Physician Partner Buyout – Medical Group Minute

Mark — Wed, 27 Mar 2024 07:32:00 +0000

Even though many physicians and facility administrators don’t realize it, a revolving door can be a useful analogy for anti-kickback analysis. Or, I suppose, just for kickbacks.

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Overexposed: A Kodak Moment – Medical Group Minute

Mark — Wed, 20 Mar 2024 07:33:00 +0000

Watch as Mark explores the lessons in the fall of Kodak while considering which innovations are important for your business to adopt.

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Deal School: Contracts Needn’t Always Be Contracted – Medical Group Minute

Mark — Wed, 13 Mar 2024 15:23:09 +0000

There are many reasons why contracts are usually contracted -- made compact, that is -- by having them contained within one fully integrated document.

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Blowing up Your ASC Because of Confusion of Purpose – Medical Group Minute

Mark — Wed, 06 Mar 2024 12:04:00 +0000

Physicians (and others) considering forming a Medicare certified ASC have to be very careful about not confusing the ASC entity's purpose.

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Buddy, Can You Spare a Dime? Hospital Turns to Crowdfunding to Stay Afloat. – Medical Group Minute

Mark — Wed, 28 Feb 2024 09:33:00 +0000

I've written about hospital closures, but before today, I've never written about a hospital that turned to crowdfunding to stay afloat.

The post Buddy, Can You Spare a Dime? Hospital Turns to Crowdfunding to Stay Afloat. – Medical Group Minute appeared first on Wisdom. Applied..

Cancer Doctor Turns Out to Be Carcinogenic – Medical Group Minute

Mark — Wed, 21 Feb 2024 09:17:00 +0000

I represent physicians in transactions across the country and there are plenty of ways to make a profit and to do the right thing for patients.

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Socialism Is Alive and Well Within Medical Groups – Medical Group Minute

Mark — Wed, 14 Feb 2024 09:34:00 +0000

Socialism is alive and well, and I’m not simply talking about the socialistic charade of Hugo Chavez.

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Rainbows, Unicorns and Fraudulent ASC Deals – Medical Group Minute

Mark — Wed, 07 Feb 2024 10:51:00 +0000

ASCs can be great investments for physicians - as long as they're real. But if all they are are rainbows, unicorns, and clear blue skies, then you’d better stay away.

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Department of the Future – Medical Group Minute

Mark — Wed, 31 Jan 2024 12:04:00 +0000

Anita Roddick, the late founder of the highly successful natural cosmetics chain, The Body Shop, which she sold to the cosmetic giant L'Oréal for $1.1 billion, was a tremendously driven entrepreneur and an extreme social and political activist.

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All That Glitters Isn’t Gold. Is Your Contract Merely Sparkly? – Medical Group Minute

Mark — Wed, 24 Jan 2024 11:50:00 +0000

Not only is all that glitters not gold, shipping containers thought to contain nickel might just contain carbon steel.

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Jury Convicts Chief Compliance Officer For $50 Million Medicare Fraud Scheme – Medical Group Minute

Mark — Wed, 17 Jan 2024 12:00:00 +0000

We all know the expression “life imitating art”, but hardly anyone talks about “crimes imitating compliance”. That is, until today.

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How to Avoid a Common Strategy Problem Any Dog Would Know – Medical Group Minute

Mark — Wed, 10 Jan 2024 09:30:00 +0000

It’s essential that you first consider what’s most important for your group’s success.

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Deal School: Deal Divorce or Post-Closing Breakup Fees – Medical Group Minute

Mark — Wed, 03 Jan 2024 12:36:00 +0000

Breaking up might be hard, but at least it will be easier to do if you think about the process up front in the manner of a deal “prenup”.

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Don’t You Know That You’re Working At St. YouTube Memorial Hospital? – Medical Group Minute

Mark — Wed, 27 Dec 2023 11:54:00 +0000

How different is so called de-platforming or demonetization or cancellation in the social media context from de-platforming or demonetization or cancellation in the context of a hospital pulling the rug out from under an anesthesia group with an exclusive contract...

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Why You Must Know This Stipend Negotiation Strategy: Think Like a Buyer Not a Seller – Medical Group Minute

Mark — Wed, 20 Dec 2023 11:57:00 +0000

Would you buy what the other side is selling you?

The post Why You Must Know This Stipend Negotiation Strategy: Think Like a Buyer Not a Seller – Medical Group Minute appeared first on Wisdom. Applied..

Value-Based Reimbursement Is a Lie – Medical Group Minute

Mark — Wed, 13 Dec 2023 09:09:00 +0000

I hate it when people lie to me.

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Focus on the Future – Medical Group Minute

Mark — Wed, 06 Dec 2023 12:12:00 +0000

Imagine that your only menu choice, anywhere, is a Happy Meal.

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Why Free* Doesn’t Mean Free – Medical Group Minute

Mark — Wed, 29 Nov 2023 10:59:00 +0000

"FREE* First Chiropractic Visit", do you honestly believe that is the end of the story?

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Collaboration as a Tool in Negotiation – Medical Group Minute

Mark — Wed, 22 Nov 2023 11:53:00 +0000

Are you harnessing your power to influence those relationships and transform your practice?

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The Cancer of Consensus – Medical Group Minute

Mark — Wed, 15 Nov 2023 10:22:00 +0000

The expression lead, follow, or get out of the way has more than a kernel of truth to it.

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It’s National Kickback Day! (Sort of like Groundhog Day, But More Expensive) – Medical Group Minute

Mark — Wed, 08 Nov 2023 09:21:00 +0000

Sometimes, I think it's Groundhog Day.

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When the First Class Physicians Leave the Hospital, Who’ll Be Left? – Medical Group Minute

Mark — Wed, 01 Nov 2023 08:17:00 +0000

There's a growing trend of dissatisfaction on the part of office practice physicians employed by, or otherwise closely aligned with, hospitals.

The post When the First Class Physicians Leave the Hospital, Who’ll Be Left? – Medical Group Minute appeared first on Wisdom. Applied..

Surprise Hospital Billing – Medical Group Minute

Mark — Wed, 25 Oct 2023 11:15:00 +0000

What’s a hospital surprise bill? Well, it’s something slightly different from the concept applied to physicians.

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Medical Group Termites – Medical Group Minute

Mark — Wed, 18 Oct 2023 11:01:00 +0000

structured your relationships with hospitals, referral sources, and other influencers. But did you pay attention to what's going on inside your practice's own house?

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Repurposing a Failing or Closed Hospital – Medical Group Minute

Mark — Wed, 11 Oct 2023 08:26:00 +0000

Listen while Mark as he discusses converting a closed or failing hospital into a surgery center or other outpatient facility.

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The Devaluation of Value-Based Billing – Medical Group Minute

Mark — Wed, 04 Oct 2023 09:37:00 +0000

"Value based billing" remains dominant in the medical industry news, chiefly from the MACRA angle.

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The Strategy of Power in Negotiations – Medical Group Minute

Mark — Wed, 27 Sep 2023 08:26:00 +0000

You’re probably familiar, if not personally, then at least conceptually, with the notion of “F.U. money” – having enough money that you can simply walk away. That concept, whether you have the money or not, applies directly to your negotiation strategy.

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A $15 Billion Lesson On Stipend Negotiations – Medical Group Minute

Mark — Wed, 20 Sep 2023 09:53:00 +0000

We’ll take your $15 billion stipend, but as to those strings you put on it, “F*^%” you”.

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The Ghost of Physicians’ Christmas Future – Medical Group Minute

Mark — Wed, 13 Sep 2023 08:27:00 +0000

Money. Future. Status. Popularity. The four human interest motivators.

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The Inflation Tax – Medical Group Minute

Mark — Wed, 06 Sep 2023 07:59:00 +0000

Just like hypertension, inflation is the silent killer, the hidden tax on your business, dreams, and desires.

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Watch What You Negotiate For – Medical Group Minute

Mark — Wed, 30 Aug 2023 11:32:00 +0000

I watched as the cat watched the squirrel climb the tree. Intent on its goal, a moment of two later, the cat followed it up into the large oak.

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Preserving the Past – Medical Group Minute

Mark — Wed, 23 Aug 2023 09:19:00 +0000

Physician groups are targets--hedge by taking risks outside of your current base.

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Want a Stock Tip? – Medical Group Minute

Mark — Wed, 16 Aug 2023 08:21:00 +0000

This is a question that I hear from time to time from physician group leaders.

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Using (And Used By) Public Information – Medical Group Minute

Mark — Wed, 09 Aug 2023 11:25:00 +0000

What do you know, really know, about the people you do business with?

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Love at First Blight: Surgeon and Fiancée Settle Kickback Allegations – Medical Group Minute

Mark — Wed, 02 Aug 2023 11:04:00 +0000

Love might be blind, but whistleblowers aren't.

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Emotions as Drivers of Contractual Relationships – Medical Group Minute

Mark — Wed, 26 Jul 2023 08:12:00 +0000

Knowing how to develop emotion-based strategies and how to implement them are simply among the "combined arms" tools that medical groups must develop in order to thrive.

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Do You Own Your Practice or Does It Own You? – Medical Group Minute

Mark — Wed, 19 Jul 2023 11:19:00 +0000

Be honest: Do you own your practice or does it own you?

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About the Worst Advice You Can Get – Medical Group Minute

Mark — Wed, 12 Jul 2023 11:00:00 +0000

The context was the sale of various healthcare facilities, deals which, by definition, involve the sale of the business...

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Why Document the Value of a Group Member’s Interest? – Medical Group Minute

Mark — Wed, 05 Jul 2023 10:22:00 +0000

They say that beauty is in the eyes of the beholder.

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Harnessing Human Drives in Negotiation – Medical Group Minute

Mark — Wed, 28 Jun 2023 11:36:00 +0000

Watch what you are negotiating over - don't start a bidding war over nothing!

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Physician Found Guilty on All Charges Stemming From Re-Use of Single-Use Medical Devices – Medical Group Minute

Mark — Wed, 21 Jun 2023 09:25:00 +0000

Don’t set yourself up to go to prison by thinking you are setting the government up to overpay you.

The post Physician Found Guilty on All Charges Stemming From Re-Use of Single-Use Medical Devices – Medical Group Minute appeared first on Wisdom. Applied..

Did You Notice the Notice Provision? – Medical Group Minute

Mark — Wed, 14 Jun 2023 09:22:00 +0000

Boilerplate isn’t “extra stuff” at all; in fact, it’s the exact opposite: boilerplate got its name because it provides a protective layer around the rest of the contract.

The post Did You Notice the Notice Provision? – Medical Group Minute appeared first on Wisdom. Applied..

“Physicians, Lower Your Expectations” and Other Manipulation – Medical Group Minute

Mark — Wed, 07 Jun 2023 11:00:00 +0000

A so-called expert said something like, "In the new economy, physicians need to lower their income expectations."

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Why Taking Control Is a Smart Contracting Tactic – Medical Group Minute

Mark — Wed, 31 May 2023 11:00:00 +0000

You’ve heard that old expression to the effect that it’s better to do and then ask for forgiveness than it is to ask for permission in the first place.

The post Why Taking Control Is a Smart Contracting Tactic – Medical Group Minute appeared first on Wisdom. Applied..

Employment Insecurity – Medical Group Minute

Mark — Wed, 24 May 2023 11:00:00 +0000

Hospital employment? Sure, it’s security... in some alternative universe.

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Are Limiting Beliefs Destroying Your Career? – Medical Group Minute

Mark — Wed, 17 May 2023 11:07:00 +0000

Are limiting beliefs holding you or your group back in your career and business success?

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A Medical Group in Motion – Medical Group Minute

Mark — Wed, 10 May 2023 08:21:00 +0000

People often cite Newton's First Law as something akin to "an object in motion tends to stay in motion with the same speed and in the same direction."

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What’s Your Story? – Medical Group Minute

Mark — Wed, 03 May 2023 13:23:00 +0000

What story are you telling about your practice?

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Artists, Patient Satisfaction, and the Creation of Something Out of Nothing – Medical Group Minute

Mark — Wed, 19 Apr 2023 10:28:00 +0000

What is satisfaction? How do we measure it? What’s the scale?

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The “Problem” With Healthcare May Not Be the Problem – Medical Group Minute

Mark — Wed, 12 Apr 2023 10:43:00 +0000

ACO's. Competition by hospital employed physicians. Commoditization.

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Stars Don’t Audition. Why Are You Responding to That RFP? – Medical Group Minute

Mark — Wed, 05 Apr 2023 10:19:00 +0000

Actors scramble to audition for a part, but stars choose from offered scripts. So why are you responding to that RFP?

The post Stars Don’t Audition. Why Are You Responding to That RFP? – Medical Group Minute appeared first on Wisdom. Applied..

Why the Hospital’s Idea of Physician Leader Means Follower – Medical Group Minute

Mark — Wed, 22 Mar 2023 08:57:00 +0000

What those hospitals are really doing is training more physicians to become hospital-employed, or hospital-controlled managers.

The post Why the Hospital’s Idea of Physician Leader Means Follower – Medical Group Minute appeared first on Wisdom. Applied..

Are You Lying About the Present and Shortchanging Your Future? – Medical Group Minute

Mark — Wed, 15 Mar 2023 11:30:00 +0000

The limo driver said that he’d made some bad choices in life. Some things hadn’t worked out as planned.

The post Are You Lying About the Present and Shortchanging Your Future? – Medical Group Minute appeared first on Wisdom. Applied..

Management by Wandering Around (Someone Else’s Business) – Medical Group Minute

Mark — Wed, 08 Mar 2023 11:00:00 +0000

Tom Peters popularized the style of business management in which the manager cruises the workplace observing and interacting.

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What a Marshmallow Says About Your Medial Group’s Future – Medical Group Minute

Mark — Wed, 01 Mar 2023 10:41:00 +0000

Would you rather have one marshmallow now, or two tomorrow?

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Are All Hospitals Really Price Buyers? – Medical Group Minute

Mark — Wed, 22 Feb 2023 12:00:00 +0000

The devil though, is in the details: what’s value to you isn’t value to everyone. And, value is determined by the buyer.

The post Are All Hospitals Really Price Buyers? – Medical Group Minute appeared first on Wisdom. Applied..

Weaponized RFPs – Medical Group Minute

Mark — Wed, 15 Feb 2023 12:00:00 +0000

More and more hospitals are disrupting their longstanding hospital-based group relationships as they seek to cut stipends and get more for nothing.

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Customer (Dis)Service – Medical Group Minute

Mark — Wed, 08 Feb 2023 12:00:00 +0000

Customers — my clients generally refer to them as patients, but that doesn’t make any difference — expect service.

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Bondholders, Docents and Hospital-Based Groups – Medical Group Minute

Mark — Wed, 01 Feb 2023 10:00:00 +0000

I recently read an article about a woman bemoaning the fact that she had been "cheated," as her investment in General Motors bonds was about to become worthless.

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Do You Know What Costco Pharmacy Doesn’t About the Lifetime Value of a Customer? – Medical Group Minute

Mark — Wed, 25 Jan 2023 11:43:00 +0000

Like a dry cleaner, healthcare providers have to screw up to lose a customer’s loyalty.

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Audit Medical Group and Physician-Owned Facility Deals in Light of Tomorrow (and Today) – Medical Group Minute

Mark — Wed, 18 Jan 2023 12:00:00 +0000

It was June when I saw it. The boarded-up stores of Main Street, paved red with bricks and lost hope.

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Have the Tables Turned on Your Practice? – Medical Group Minute

Mark — Wed, 11 Jan 2023 12:08:00 +0000

Watch as Mark delves into the strategic elements crucial for medical groups to thrive despite external pressures and transformations.

The post Have the Tables Turned on Your Practice? – Medical Group Minute appeared first on Wisdom. Applied..

Carlitos and the Crisis Of Customer Service – Medical Group Minute

Mark — Wed, 04 Jan 2023 12:00:00 +0000

Great food isn't enough to keep a customer. Neither is great medical care.

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Adopting the Contingency Mindset to Improve Your Business – Medical Group Minute

Mark — Wed, 28 Dec 2022 16:15:37 +0000

How would your reorganize your medical practice, healthcare business, and relationships if you were paid only for successful outcomes, no matter how they are measured?

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Opting Out to Opt-in For Yourself – Medical Group Minute

Mark — Wed, 21 Dec 2022 12:03:00 +0000

I'm no enemy of fast food. I just don't want to eat it.

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Disruptive Physician or Nonconformist Medical Group Asset? – Medical Group Minute

Mark — Wed, 14 Dec 2022 11:51:00 +0000

What if the physician isn’t actually disruptive, but simply nonconformist or challenging?

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Do You Believe in the Myth of Efficiency? We Aimed for the Wrong Thing, but We Scored a Bullseye! – Medical Group Minute

Mark — Wed, 07 Dec 2022 12:00:00 +0000

Efficiency. Hospital administrators and other bureaucrats say that they want it.

The post Do You Believe in the Myth of Efficiency? We Aimed for the Wrong Thing, but We Scored a Bullseye! – Medical Group Minute appeared first on Wisdom. Applied..

Direct Contracting by Physicians and Medical Groups – Medical Group Minute

Mark — Wed, 30 Nov 2022 11:21:00 +0000

Ebay and Craigslist have disintermediated the classified section in the newspaper, which used to be the largest moneymaker in that business. The newspaper as middleman has been put to bed for the last time.

The post Direct Contracting by Physicians and Medical Groups – Medical Group Minute appeared first on Wisdom. Applied..

Does Your Employment Contract Have Teeth? – Medical Group Minute

Mark — Wed, 23 Nov 2022 12:00:00 +0000

Does your group have a contractual right to enforce standards of behavior?

The post Does Your Employment Contract Have Teeth? – Medical Group Minute appeared first on Wisdom. Applied..

Do They Have the Power to Say Yes? – Medical Group Minute

Mark — Wed, 16 Nov 2022 17:25:38 +0000

Make certain that you are negotiating with someone who has the power to say “yes” and not just “no.”

The post Do They Have the Power to Say Yes? – Medical Group Minute appeared first on Wisdom. Applied..

A Refresher on Price Versus Value – Medical Group Minute

Mark — Wed, 09 Nov 2022 12:00:00 +0000

Price is what you pay. Value is what you get.

The post A Refresher on Price Versus Value – Medical Group Minute appeared first on Wisdom. Applied..

Why a 59 Year Old Deli Is a Case Study for Your Medical Practice – Medical Group Minute

Mark — Wed, 02 Nov 2022 11:00:00 +0000

Where's your next meal coming from?

The post Why a 59 Year Old Deli Is a Case Study for Your Medical Practice – Medical Group Minute appeared first on Wisdom. Applied..

FMV Is No More Anti-Kickback Compliance Than Ground Pepper Is Pot Roast – Medical Group Minute

Mark — Wed, 26 Oct 2022 11:00:00 +0000

Structuring a payment or a transaction such that the deal is at fair market value is not the be-all and end-all of AKS compliance.

The post FMV Is No More Anti-Kickback Compliance Than Ground Pepper Is Pot Roast – Medical Group Minute appeared first on Wisdom. Applied..

Mistakes Happen – Medical Group Minute

Mark — Wed, 19 Oct 2022 11:00:00 +0000

It’s often how the mistake maker, not the “victim,” reacts that makes the difference in the outcome.

The post Mistakes Happen – Medical Group Minute appeared first on Wisdom. Applied..

Don’t Be Surprised By the No Surprises Act Notice and Good Faith Estimate Requirements – Medical Group Minute

Mark — Wed, 12 Oct 2022 11:00:00 +0000

These regulations require that patients be given a notice of rights and, should they so request, a good faith estimate of charges.

The post Don’t Be Surprised By the No Surprises Act Notice and Good Faith Estimate Requirements – Medical Group Minute appeared first on Wisdom. Applied..

Efforts Don’t Necessarily Equal Value – Medical Group Minute

Mark — Wed, 05 Oct 2022 11:00:00 +0000

Efforts treating patients don't create value between a medical group and a facility.

The post Efforts Don’t Necessarily Equal Value – Medical Group Minute appeared first on Wisdom. Applied..

Doctor Settles Allegations but Doesn’t Admit She Can’t Be Two Places at the Same Time – Medical Group Minute

Mark — Wed, 28 Sep 2022 11:00:00 +0000

That’s odd, because physicians sometime demonstrate that ability, at least on billing records.

The post Doctor Settles Allegations but Doesn’t Admit She Can’t Be Two Places at the Same Time – Medical Group Minute appeared first on Wisdom. Applied..

What Do Physician Groups and Vending Machines Have in Common? – Medical Group Minute

Mark — Wed, 21 Sep 2022 11:00:00 +0000

Instead of Cokes or 7-Ups, efforts are placed into the machine and are dispensed to patients.

The post What Do Physician Groups and Vending Machines Have in Common? – Medical Group Minute appeared first on Wisdom. Applied..

Customer Service: Not Enough. Too Much. Hardly Ever Just Right. – Medical Group Minute

Mark — Wed, 14 Sep 2022 11:00:00 +0000

Obviously, there's balance to be had. Some customer service is expected. Other customer service delights.

The post Customer Service: Not Enough. Too Much. Hardly Ever Just Right. – Medical Group Minute appeared first on Wisdom. Applied..

Do You Know the Power of Questions? – Medical Group Minute

Mark — Wed, 07 Sep 2022 11:05:00 +0000

"Phone number, please?" Those were the first words spoken by the saleswoman. A question.

The post Do You Know the Power of Questions? – Medical Group Minute appeared first on Wisdom. Applied..

Control the Document to Control the Deal – Medical Group Minute

Mark — Wed, 31 Aug 2022 11:00:00 +0000

In any negotiation, be the party to deliver the first draft and control the deal.

The post Control the Document to Control the Deal – Medical Group Minute appeared first on Wisdom. Applied..

Why You Must Control the Context to Influence the Outcome – Medical Group Minute

Mark — Wed, 24 Aug 2022 17:40:04 +0000

Oftentimes the value of something relates to the environment in which it is presented.

The post Why You Must Control the Context to Influence the Outcome – Medical Group Minute appeared first on Wisdom. Applied..

Government Created Healthcare Shortages Courtesy Of Elected Morons And Bureaucrat Fools – Medical Group Minute

Mark — Wed, 17 Aug 2022 11:00:00 +0000

Politicians legislate to correct a problem (and then bask in the glory of having taken action) but never truly consider what problems they create when they enacted the legislation.

The post Government Created Healthcare Shortages Courtesy Of Elected Morons And Bureaucrat Fools – Medical Group Minute appeared first on Wisdom. Applied..

The “Why” in Hospital Employment – Medical Group Minute Series

Mark — Wed, 10 Aug 2022 11:00:00 +0000

Hospital closures are impacting the physician employment market.

The post The “Why” in Hospital Employment – Medical Group Minute Series appeared first on Wisdom. Applied..

The Mismatch of Story and Culture Within Medical Groups – Medical Group Minute

Mark — Wed, 03 Aug 2022 11:00:00 +0000

All medical groups have a culture, whether or not it's been purposefully created. It exists.

The post The Mismatch of Story and Culture Within Medical Groups – Medical Group Minute appeared first on Wisdom. Applied..

Allegations Punch ENT in the Nose. He Sinuses Off on Multi-Million Dollar Settlement. – Medical Group Minute

Mark — Wed, 27 Jul 2022 11:00:00 +0000

Another day, another $4.2 million...

The post Allegations Punch ENT in the Nose. He Sinuses Off on Multi-Million Dollar Settlement. – Medical Group Minute appeared first on Wisdom. Applied..

Why Contract Termination Provisions Are Like Highway Exits – Medical Group Minute

Mark — Wed, 20 Jul 2022 11:00:00 +0000

Once in a while, you'll see a sign that says, “No Services Next 32 Miles,” and what do you know, there isn’t even an exit for 32 miles.

The post Why Contract Termination Provisions Are Like Highway Exits – Medical Group Minute appeared first on Wisdom. Applied..

Why You Have to Build a Bigger Future – Medical Group Minute

Mark — Wed, 13 Jul 2022 11:00:00 +0000

Sessile animals, for example, sponges or coral, live their lives fixed in one place. Food comes to them.

The post Why You Have to Build a Bigger Future – Medical Group Minute appeared first on Wisdom. Applied..

What You Need to Know About a Healthcare CEO Headed to Prison in Order to Avoid the Same Fate. – Medical Group Minute

Mark — Wed, 06 Jul 2022 11:00:00 +0000

To paraphrase William Shakespeare, a rose by any other name might just be fraud.

The post What You Need to Know About a Healthcare CEO Headed to Prison in Order to Avoid the Same Fate. – Medical Group Minute appeared first on Wisdom. Applied..

Thank God, You’re About to Be Treated by the Chief Transformation Officer! – Medical Group Minute

Mark — Wed, 29 Jun 2022 11:00:00 +0000

Hospitals are focusing their hard and few-earned dollars exactly where it counts, spending big bucks on the physician executives.

The post Thank God, You’re About to Be Treated by the Chief Transformation Officer! – Medical Group Minute appeared first on Wisdom. Applied..

Hiring the Shunned: Failure to Check Exclusion Status Drives Psychiatrist Crazy to the Tune of $310,874 – Medical Group Minute

Mark — Wed, 22 Jun 2022 11:00:00 +0000

Some say that you’re the composite of the five people with whom you spend the most time.

The post Hiring the Shunned: Failure to Check Exclusion Status Drives Psychiatrist Crazy to the Tune of $310,874 – Medical Group Minute appeared first on Wisdom. Applied..

Hospital-Based Services, Not Hot Dogs – Medical Group Minute

Mark — Wed, 15 Jun 2022 11:00:00 +0000

If you’re selling medical services but collecting only peanuts (or even hot dogs) let me know. You need a better agent.

The post Hospital-Based Services, Not Hot Dogs – Medical Group Minute appeared first on Wisdom. Applied..

Lab Made Kickbacks? Allegations Lead to 10 Indictments. How Not to be Number 11. – Medical Group Minute

Mark — Wed, 08 Jun 2022 11:00:00 +0000

Lab made meat. Lab made leather. Both appeared in the news this week.

The post Lab Made Kickbacks? Allegations Lead to 10 Indictments. How Not to be Number 11. – Medical Group Minute appeared first on Wisdom. Applied..

Negotiation Rules: Hallway Chat = Boardroom Meeting – Medical Group Minute

Mark — Wed, 01 Jun 2022 11:00:00 +0000

Learn to protect negotiating positions and to use “informal” communication with administration proactively.

The post Negotiation Rules: Hallway Chat = Boardroom Meeting – Medical Group Minute appeared first on Wisdom. Applied..

Whether or Not Balloon Sinuplasty Indictment is Hot Air, its Lessons Apply to You – Medical Group Minute

Mark — Wed, 25 May 2022 11:00:00 +0000

Don’t set yourself up to go to prison by thinking you are setting the government up to overpay you.

The post Whether or Not Balloon Sinuplasty Indictment is Hot Air, its Lessons Apply to You – Medical Group Minute appeared first on Wisdom. Applied..

No More Room for Average – Medical Group Minute

Mark — Wed, 18 May 2022 11:00:00 +0000

This applies regardless of specialty or whether you are hospital-based or office-based. This applies whether you are in solo practice or with a group.

The post No More Room for Average – Medical Group Minute appeared first on Wisdom. Applied..

A Naive Anti-Kickback Question Answered – Medical Group Minute

Mark — Wed, 11 May 2022 11:00:00 +0000

There’s an expression in carpentry, “measure twice, cut once.”

The post A Naive Anti-Kickback Question Answered – Medical Group Minute appeared first on Wisdom. Applied..

Refill on Compound Drugs: Miracle Cure or Kickback Lure? – Medical Group Minute

Mark — Wed, 04 May 2022 11:00:00 +0000

It’s the middle ground between light and shadow, between medical science and stupidity...

The post Refill on Compound Drugs: Miracle Cure or Kickback Lure? – Medical Group Minute appeared first on Wisdom. Applied..

Transparency Within Medical Groups – Medical Group Minute

Mark — Wed, 27 Apr 2022 11:00:00 +0000

How much transparency should exist within your group?

The post Transparency Within Medical Groups – Medical Group Minute appeared first on Wisdom. Applied..

This Robot Can Change Your Future – Medical Group Minute

Mark — Wed, 20 Apr 2022 11:00:00 +0000

Robby the Robot. No, not a Da Vinci, but a robot just the same. And, fully functional.

The post This Robot Can Change Your Future – Medical Group Minute appeared first on Wisdom. Applied..

Who Is Really in Charge of Your Medical Group? – Medical Group Minute

Mark — Wed, 06 Apr 2022 11:00:00 +0000

Some leaders of hospital-based groups, and I use the term "leader" broadly, believe that their groups are a function of the hospital.

The post Who Is Really in Charge of Your Medical Group? – Medical Group Minute appeared first on Wisdom. Applied..

Fed Insiders Signal That the Time to Deal is Now – Medical Group Minute

Mark — Wed, 30 Mar 2022 11:00:00 +0000

If you are interested in selling an interest in a facility or in any other asset, a physician practice, for example, the time to deal is now.

The post Fed Insiders Signal That the Time to Deal is Now – Medical Group Minute appeared first on Wisdom. Applied..

That Knife in Your Back Has Your Partner’s Fingerprints on It – Medical Group Minute

Mark — Wed, 23 Mar 2022 11:00:00 +0000

Breaches of fiduciary duty and of contractual commitment within medical groups occur every day. The question is, are those duties enforced?

The post That Knife in Your Back Has Your Partner’s Fingerprints on It – Medical Group Minute appeared first on Wisdom. Applied..

The Odds of Medical Group Survival – Medical Group Minute

Mark — Wed, 16 Mar 2022 11:00:00 +0000

Learn why, just like a squirrel that escapes being eaten by a dog today, your medical group's odds of long term survival might not be so great.

The post The Odds of Medical Group Survival – Medical Group Minute appeared first on Wisdom. Applied..

Termination Notice – Medical Group Minute

Mark — Wed, 09 Mar 2022 12:00:00 +0000

Termination provisions and provisions governing what happens upon termination are taking on larger importance in any medical group deal.

The post Termination Notice – Medical Group Minute appeared first on Wisdom. Applied..

There’s an App for That HIPAA Violation – Medical Group Minute

Mark — Wed, 02 Mar 2022 12:00:00 +0000

Cyber criminals pay far more for health data than for credit card or banking information.

The post There’s an App for That HIPAA Violation – Medical Group Minute appeared first on Wisdom. Applied..

From Pigs to Model T’s to Medical Care – Medical Group Minute

Mark — Wed, 16 Feb 2022 12:00:00 +0000

Ford focused on keeping things simple, building one model that (had to) suit all, using interchangeable parts that relatively unskilled workers could assemble.

The post From Pigs to Model T’s to Medical Care – Medical Group Minute appeared first on Wisdom. Applied..

Why Culture Counts in Healthcare Mergers and Acquisitions – Medical Group Minute

Mark — Wed, 09 Feb 2022 11:00:00 +0000

Bigger is sometimes better, but not always. It’s the right bigger that is better.

The post Why Culture Counts in Healthcare Mergers and Acquisitions – Medical Group Minute appeared first on Wisdom. Applied..

Creating Interlocking Physician-Owned Ventures – Medical Group Minute

Mark — Wed, 02 Feb 2022 12:00:00 +0000

Hospitals purchased physician practices, employed and otherwise aligned physicians, and pushed into outpatient care.

The post Creating Interlocking Physician-Owned Ventures – Medical Group Minute appeared first on Wisdom. Applied..

Three Strategic Lessons for Independent Medical Groups – Medical Group Minute

Mark — Wed, 26 Jan 2022 12:00:00 +0000

As healthcare entities become larger they appear as formidable competitors in the marketplace.

The post Three Strategic Lessons for Independent Medical Groups – Medical Group Minute appeared first on Wisdom. Applied..

The Covid Impact on Healthcare Entity Valuation – Medical Group Minute

Mark — Wed, 19 Jan 2022 12:00:00 +0000

Unless you have developed a unicorn type practice or healthcare business, you need to adjust to the new reality.

The post The Covid Impact on Healthcare Entity Valuation – Medical Group Minute appeared first on Wisdom. Applied..

Yes, You Can Build a Health System Without a Hospital – Medical Group Minute

Mark — Wed, 12 Jan 2022 12:00:00 +0000

Call them mental models, call them viewpoints, the point is the same: the box in which we conceive of what’s possible serves as an artificial barrier that confines our thinking.

The post Yes, You Can Build a Health System Without a Hospital – Medical Group Minute appeared first on Wisdom. Applied..

Group Therapy Needed to Protect Hospital-Based Physician Income? – Medical Group Minute

Mark — Wed, 05 Jan 2022 12:00:00 +0000

Why are physicians working much harder for less money? Why is it proper that there are so many regulatory burdens interfering with physicians' abilities to own and refer to facilities?

The post Group Therapy Needed to Protect Hospital-Based Physician Income? – Medical Group Minute appeared first on Wisdom. Applied..

Exploiting the Power of First Impressions – Medical Group Minute

Mark — Wed, 22 Dec 2021 12:00:00 +0000

What can your group do to construct, manage and exploit the power of first impressions?

The post Exploiting the Power of First Impressions – Medical Group Minute appeared first on Wisdom. Applied..

Physician Discontent with Hospital Employment Beginning to Boil – Medical Group Minute

Mark — Wed, 15 Dec 2021 20:58:20 +0000

Perhaps it’s only anecdotal, but the several hospital executives and well-connected hospital-affiliated physician group leaders I’ve spoken to within the past few weeks tell the same story: a spate of resignations by hospital-employed physicians.

The post Physician Discontent with Hospital Employment Beginning to Boil – Medical Group Minute appeared first on Wisdom. Applied..

Utilizing a Unit Concept to Drive Success – Medical Group Minute

Mark — Wed, 08 Dec 2021 12:00:00 +0000

If you’re a medical group leader, you must view your practice as consisting of several independent, yet coordinated, units, each of which requires a separate focus.

The post Utilizing a Unit Concept to Drive Success – Medical Group Minute appeared first on Wisdom. Applied..

Taken the Wrong Job? – Medial Group Minute

Mark — Wed, 01 Dec 2021 12:00:00 +0000

I knew that I had taken the wrong job after my first day at the firm.

The post Taken the Wrong Job? – Medial Group Minute appeared first on Wisdom. Applied..

I’m A Partner. I’ll Do What I Want To. – Medical Group Minute

Mark — Wed, 24 Nov 2021 12:00:00 +0000

Letting each partner write his or her terms of partnership is not a long-term strategy for success, it’s a short-term strategy for failure.

The post I’m A Partner. I’ll Do What I Want To. – Medical Group Minute appeared first on Wisdom. Applied..

Criminals Go Phishing in Florida and Catch Unsuspecting Medical Group – Medical Group Minute

Mark — Wed, 03 Nov 2021 11:00:00 +0000

You don’t have to have read any Hemingway or have had an uncle with a taxidermied marlin on the wall of his den to know about fishing for big ones.

The post Criminals Go Phishing in Florida and Catch Unsuspecting Medical Group – Medical Group Minute appeared first on Wisdom. Applied..

Cleveland Clinic Unit Pays $21.25 Million to Resolve Kickback Case – Medical Group Minute

Mark — Wed, 27 Oct 2021 11:00:00 +0000

As always in these types of cases, which are civil actions, the settlement does not involve any admission that the allegations were true.

The post Cleveland Clinic Unit Pays $21.25 Million to Resolve Kickback Case – Medical Group Minute appeared first on Wisdom. Applied..

CMS Opines That Stark Isn’t That Stark – Advisory Opinion Guidance on a Parent-Subsidiary Practice Model That’s Still a Single Group Practice – Medical Group Minute

Mark — Wed, 20 Oct 2021 11:00:00 +0000

Under the regulations a group practice must consist of a single legal entity operating primarily for the purpose of being a physician group practice.

The post CMS Opines That Stark Isn’t That Stark – Advisory Opinion Guidance on a Parent-Subsidiary Practice Model That’s Still a Single Group Practice – Medical Group Minute appeared first on Wisdom. Applied..

Does Your Group’s Compensation Plan Measure Up? – Medical Group Minute

Mark — Wed, 13 Oct 2021 11:00:00 +0000

What if you were running a restaurant instead of a medical group? Let’s say you decide to measure and reward on the basis of the time a waiter or waitress takes to picks up food in the kitchen and deliver it to the table...

The post Does Your Group’s Compensation Plan Measure Up? – Medical Group Minute appeared first on Wisdom. Applied..

Hospital CEO Gets a Raise. You? We’re Not So Sure. – Medical Group Minute

Mark — Wed, 06 Oct 2021 16:47:30 +0000

A study found little correlation between nonprofit hospitals’ CEO pay, which averaged almost $600,000 per year, and performance.

The post Hospital CEO Gets a Raise. You? We’re Not So Sure. – Medical Group Minute appeared first on Wisdom. Applied..

How Much Uncertainty Can You Handle? – Medical Group Minute

Mark — Wed, 29 Sep 2021 11:00:00 +0000

Your ability to handle uncertainty is linked to the likelihood of your success.

The post How Much Uncertainty Can You Handle? – Medical Group Minute appeared first on Wisdom. Applied..

Fast Times and the Problem With Slow Medical Group Decision Making – Medical Group Minute

Mark — Wed, 22 Sep 2021 18:18:25 +0000

We’re living in a time of fast-paced change. Sure. But, I think people have been saying that since the Enlightenment. Maybe it’s the one thing that’s remained constant. But maybe it’s not. Some things have certainly remained the same.

The post Fast Times and the Problem With Slow Medical Group Decision Making – Medical Group Minute appeared first on Wisdom. Applied..

“Covid Ate My Homework” Won’t Keep You Out of Jail – Medical Group Minute

Mark — Wed, 15 Sep 2021 11:00:00 +0000

Billing for unnecessary tests and procedures, even on a small scale, is particularly egregious because of the risk inherent to the victim patients, let alone the financial fraud on payors.

The post “Covid Ate My Homework” Won’t Keep You Out of Jail – Medical Group Minute appeared first on Wisdom. Applied..

Are You Sure You’re Insured for a Cyber-Attack? – Medical Group Minute

Mark — Wed, 08 Sep 2021 11:00:00 +0000

How prepared are you if, despite the prophylactic precautions taken by your in-house team, taken by your outside coding and billing provider, and by your EHR vendor, your defenses are breached?

The post Are You Sure You’re Insured for a Cyber-Attack? – Medical Group Minute appeared first on Wisdom. Applied..

A Legal Alternative to Illegal Kickbacks to Physicians – Medical Group Minute

Mark — Wed, 01 Sep 2021 11:00:00 +0000

You can see why it’s so tempting for unscrupulous hospital CEOs to offer kickbacks to physicians.

The post A Legal Alternative to Illegal Kickbacks to Physicians – Medical Group Minute appeared first on Wisdom. Applied..

What Every Physician Needs to Know About a California Anesthesia Group’s Bankruptcy – Medical Group Minute

Mark — Wed, 25 Aug 2021 11:00:00 +0000

With the tip of the hat to T.S. Eliot, the world for Community Regional Anesthesia Medical Group (CRAMG) ended on June 16, 2021, not with a bang but a whimper.

The post What Every Physician Needs to Know About a California Anesthesia Group’s Bankruptcy – Medical Group Minute appeared first on Wisdom. Applied..

Surprise (Medical Bills)! Language, Framing and Your Bank Account – Medical Group Minute

Mark — Wed, 18 Aug 2021 11:00:00 +0000

Both state and national level politicians certainly know what side the bread is buttered on, and who’s doing the buttering. There are far more patients than there are physicians, thus the rush to fix the problem they’ve defined as “surprise medical bills.”

The post Surprise (Medical Bills)! Language, Framing and Your Bank Account – Medical Group Minute appeared first on Wisdom. Applied..

What Are You Dreaming? – Medical Group Minute

Mark — Wed, 11 Aug 2021 11:00:00 +0000

Quoting from his speech on August 28, 1963, King stated, "I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin, but by the content of their character. I have a dream today!”

The post What Are You Dreaming? – Medical Group Minute appeared first on Wisdom. Applied..

How Are Your Services Valued? – Medical Group Minute

Mark — Wed, 04 Aug 2021 11:00:00 +0000

It's not just the delivery of medical care that determines the value that your medical practice or group delivers. It's all of the "soft" stuff as well.

The post How Are Your Services Valued? – Medical Group Minute appeared first on Wisdom. Applied..

UnitedHealth Pushing Business to ASCs and Outpatient Imaging – Medical Group Minute

Mark — Wed, 28 Jul 2021 11:00:00 +0000

Laugh about it or cry about it, the bottom line is the same: they are cutting costs by moving all cases that can be moved out of the hospital out of the hospital. Where does that leave you?

The post UnitedHealth Pushing Business to ASCs and Outpatient Imaging – Medical Group Minute appeared first on Wisdom. Applied..

Felonious Forest Park Physicians Freighted off to Federal Prison – Medical Group Minute

Mark — Wed, 14 Jul 2021 11:00:00 +0000

One thing is for certain, it will be no more walk in the park for the seven defendants convicted for their roles in a bribe and kickback scheme related to referring patients to Forest Park Hospital, a now defunct chain of Texas facilities.

The post Felonious Forest Park Physicians Freighted off to Federal Prison – Medical Group Minute appeared first on Wisdom. Applied..

Avoiding a Self-Defeating Negotiation Mistake – Medical Group Minute

Mark — Wed, 07 Jul 2021 11:00:00 +0000

Have you ever allowed the negotiating rug to be pulled out from under you? Or even worse, have you helped the other side pull the negotiating rug from out under you?

The post Avoiding a Self-Defeating Negotiation Mistake – Medical Group Minute appeared first on Wisdom. Applied..

Was the Cure Worse Than the Disease? Surprise Medical Billing and U.S. Anesthesia Partners v. UnitedHealthcare – Medical Group Minute

Mark — Wed, 30 Jun 2021 11:00:00 +0000

There's nothing inherently fair in this notion of paying a purported “fair fee”. If there were, insurers would never have been in favor of it.

The post Was the Cure Worse Than the Disease? Surprise Medical Billing and U.S. Anesthesia Partners v. UnitedHealthcare – Medical Group Minute appeared first on Wisdom. Applied..

The Other Final Four: Hospital Executives Sentenced to Prison – Medical Group Minute

Mark — Wed, 23 Jun 2021 11:00:00 +0000

In my experience, most kickback schemes are not as brazen as this. They involve fewer numbers of people and, sometimes, behavior that is more easily rationalized by the participants as “sort of legal”.

The post The Other Final Four: Hospital Executives Sentenced to Prison – Medical Group Minute appeared first on Wisdom. Applied..

Insurers Help Themselves By Helping You Help Patients…At Your ASC – Medical Group Minute

Mark — Wed, 16 Jun 2021 11:00:00 +0000

Procedures that previously could be performed, meaning performed and reimbursed, only in a hospital setting, whether inpatient or outpatient, can now be performed in an ASC.

The post Insurers Help Themselves By Helping You Help Patients…At Your ASC – Medical Group Minute appeared first on Wisdom. Applied..

State Board and Hospital Recommend Against Better Care at a Lower Cost to Consumers – Medical Group Minute

Mark — Wed, 09 Jun 2021 11:00:00 +0000

Chalk up a victory for less care at higher prices. Hey, aren't those two of the Anti-Triple Aim?

The post State Board and Hospital Recommend Against Better Care at a Lower Cost to Consumers – Medical Group Minute appeared first on Wisdom. Applied..

Surgeon Gets Just Desserts for Healthcare Fraud – Medical Group Minute

Mark — Wed, 02 Jun 2021 11:00:00 +0000

What is your favorite dessert, something that goes well with barbecue?Whether it's pie or vanilla ice cream (or both!), it's probably not 10 years in federal prison.

The post Surgeon Gets Just Desserts for Healthcare Fraud – Medical Group Minute appeared first on Wisdom. Applied..

What? Merged Hospitals Don’t Deliver Higher Quality! – Medical Group Minute

Mark — Wed, 19 May 2021 11:00:00 +0000

The healthcare world was supposedly abuzz last week when the New England Journal of Medicine published (on Jan 2, 2020) the report of a study that shows that consolidation in the hospital industry doesn’t lead to higher patient satisfaction or to higher quality.

The post What? Merged Hospitals Don’t Deliver Higher Quality! – Medical Group Minute appeared first on Wisdom. Applied..

Why Blindly Copying Rarely Works – Medical Group Minute

Mark — Wed, 12 May 2021 11:00:00 +0000

It was perhaps the funniest healthcare headline ever: “Zimmer Biomet to combine spine, dental businesses to form company called NewCo.”

The post Why Blindly Copying Rarely Works – Medical Group Minute appeared first on Wisdom. Applied..

Is Your Group Still Sharp? Strategy, Tactics and the Future of Your Medical Group – Medical Group Minute

Mark — Wed, 05 May 2021 11:00:00 +0000

Strategic advantage is gained by being able to process information and take action faster than one's opponent.

The post Is Your Group Still Sharp? Strategy, Tactics and the Future of Your Medical Group – Medical Group Minute appeared first on Wisdom. Applied..

Don’t Do the Crime if You Can’t Do the Time as Hospital CEO – Medical Group Minute

Mark — Wed, 28 Apr 2021 11:00:00 +0000

Watch as Mark discusses the penalties hospital CEOs face for compliance failures. Learn from real cases to protect your leadership and organization.

The post Don’t Do the Crime if You Can’t Do the Time as Hospital CEO – Medical Group Minute appeared first on Wisdom. Applied..

IBM Might Be Kicking Watson Health to the Curb: The Danger in Big Data – Medical Group Minute

Mark — Wed, 21 Apr 2021 11:00:00 +0000

Big data and business decision making, especially in your practice, are two very different things.

The post IBM Might Be Kicking Watson Health to the Curb: The Danger in Big Data – Medical Group Minute appeared first on Wisdom. Applied..

Free $10.6 Million Dollar Lesson on How Not to Fire Physicians – Medical Group Minute

Mark — Wed, 14 Apr 2021 11:00:00 +0000

Here, courtesy of Tenet Healthcare and two terminated cardiologists is a lesson about firing physicians . . . and, when not to.

The post Free $10.6 Million Dollar Lesson on How Not to Fire Physicians – Medical Group Minute appeared first on Wisdom. Applied..

Don’t Step in Unintended Consequences – Medical Group Minute

Mark — Wed, 07 Apr 2021 11:00:00 +0000

Catalog all of your agreements. Consider each new deal or arrangement in light of your existing ones as a matter of standard operating procedure.

The post Don’t Step in Unintended Consequences – Medical Group Minute appeared first on Wisdom. Applied..

Does More Financial Pressure on Hospitals Signal the Return of Questionable Medical Directorships? – Medical Group Minute

Mark — Wed, 31 Mar 2021 11:00:00 +0000

Does More Financial Pressure on Hospitals Signal the Return of Questionable Medical Directorships?

The post Does More Financial Pressure on Hospitals Signal the Return of Questionable Medical Directorships? – Medical Group Minute appeared first on Wisdom. Applied..

Cooking Time = Negotiating Time – Medical Group Minute

Mark — Wed, 24 Mar 2021 11:00:00 +0000

Each negotiation has its own timing, not one set by a standard recipe or by a clock on the wall or on the calendar, but one that can be, and should be, set by you.

The post Cooking Time = Negotiating Time – Medical Group Minute appeared first on Wisdom. Applied..

Ghost of Eliot Ness Busts 345 Defendants in Nation’s Largest Opioid-Fueled Healthcare Fraud Extravaganza – $6 Billion In Alleged False Claims – Medical Group Minute

Mark — Wed, 17 Mar 2021 11:00:00 +0000

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.

The post Ghost of Eliot Ness Busts 345 Defendants in Nation’s Largest Opioid-Fueled Healthcare Fraud Extravaganza – $6 Billion In Alleged False Claims – Medical Group Minute appeared first on Wisdom. Applied..

Is It Really Easier to Schedule Coverage of a Closed Hospital? – Medical Group Minute

Mark — Wed, 10 Mar 2021 12:00:00 +0000

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.

An anesthesiologist, commenting on my theme that inpatient care is becoming outpatient care and that the center of outpatient care isn't the hospital but the freestanding facility, in his case the ASC, told me that I was missing an element in the analysis.

The post Is It Really Easier to Schedule Coverage of a Closed Hospital? – Medical Group Minute appeared first on Wisdom. Applied..

Mitigating Against Risk to Physician Groups of Hospital Closure – Medical Group Minute

Mark — Wed, 03 Mar 2021 12:00:00 +0000

Another week, another hospital closes. Well, at least one.

Yes, this is a popular topic for the blog, because each additional hospital closure underscores the risk for physicians and medical groups that don’t spread risk. The lesson applies to both hospital-based and office-based physicians, although not necessarily equally.

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Medical Practice Admits Guilt. Pays $100 Million. Physician President Now Indicted. – Medical Group Minute

Mark — Wed, 24 Feb 2021 12:00:00 +0000

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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Avoid Shiny Objects in Healthcare Deals – Medical Group Minute

Mark — Wed, 17 Feb 2021 12:00:00 +0000

Ah, the shiny object, the more or less instant gratification.

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More On What Do You Call a Hospital with Irrelevant ORs Other Than “Bankrupt”? – Medical Group Minute

Mark — Wed, 10 Feb 2021 12:00:00 +0000

Quick quiz: If a patient or a payor has the choice of having a procedure performed (A) on a hospital inpatient basis, or (B) on an outpatient basis, then, assuming it's safe to perform that procedure on that patient in either setting, at which setting will it be performed?

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Why Trying To Protect Your Group’s Position Is Destroying Your Future – Medical Group Minute

Mark — Wed, 03 Feb 2021 12:00:00 +0000

Adopting a purely defensive position can never advance your or your medical group’s future.

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What’s Your Choice: Mediocre Advancement or Transformational Improvement? – Medical Group Minute

Mark — Wed, 27 Jan 2021 12:00:56 +0000

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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What Can The Owner of a Plumbing Company Teach Medical Group Leaders? – Medical Group Minute

Mark — Wed, 20 Jan 2021 12:00:16 +0000

Hiring for skill is not even half the battle for your group – it's the price of admission.

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To Serve Man – Medical Group Minute

Mark — Wed, 13 Jan 2021 12:00:50 +0000

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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Why Discarding Democracy Improves Your Group’s Chances of Success – Medical Group Minute

Mark — Wed, 06 Jan 2021 12:00:00 +0000

Lead, follow or get out of the way, I’m a strong proponent of the “strong leader” form of governance. True democracy doesn’t work in business any more than it works in running a city, state or nation.

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Why You’re Unbalanced If You Believe in Work-Life Balance – Medical Group Minute

Mark — Wed, 30 Dec 2020 12:00:46 +0000

Recently, I saw an article in The Wall Street Journal about pandemic economics and work-life balance.

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How to Have a Flexible Future: Paging Dr. Gumby – Medical Group Minute

Mark — Wed, 23 Dec 2020 12:00:40 +0000

When I was a kid, I had a Gumby. (Did you have one, too?)

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Does Your Group Own Its Future or Are You Merely Renting It? – Medical Group Minute

Mark — Wed, 09 Dec 2020 12:00:00 +0000

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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Don’t Let An Acronym Dictate Your Business Structure – Medical Group Minute

Mark — Wed, 02 Dec 2020 12:00:59 +0000

Is an MSO right for me? How about a CIN?

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Why Your Medical Group Might Be Headed Down the Cliff, and How to Stop It – Medical Group Minute

Mark — Wed, 25 Nov 2020 12:00:00 +0000

You’re all set to embark on some new project or endeavor, such as expanding the scope of your medical group’s operations to the neighboring community, or even to a site hundreds of miles away.

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“A Laptop! A Laptop! My Kingdom for a Laptop!” – Podcast

Mark — Thu, 19 Nov 2020 12:00:00 +0000

What’s a laptop cost? How about $1,040,000? Nope, it’s not the world’s first quantum computing MacBook. It’s just a regular old one. Heck, it’s even used! Listen to Mark explain the costs of unsecured devices.

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Let’s Find the Cure for Surprise Physician Services Stealing – Medical Group Minute

Mark — Wed, 18 Nov 2020 12:00:00 +0000

There is a crisis. But it's not the one you've heard about. It's time to fix that. It's time to change the conversation. But to do that, you have to change the frame.

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Who Really Owns Your Medical Group? – Medical Group Minute

Mark — Wed, 11 Nov 2020 12:00:00 +0000

Walmart is famous for its slogan "Save Money. Live Better.” It's no surprise that the slogan is aimed at the customer. But what about the manufacturer?

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Super Bowl Ads and Medical Group Leaders – Medical Group Minute

Mark — Wed, 28 Oct 2020 11:00:00 +0000

Don’t do what your competitors are doing just because they’re doing it or because you might get some award for it.

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Satisficing Your Way To Success – Medical Group Minute

Mark — Wed, 21 Oct 2020 11:00:00 +0000

To succeed in business, you have to focus on sufficiently satisfying, that is, satisficing, the needs and expectations of your customers and on reminding them of that fact.

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Value and the Price of Not Providing It – Medical Group Minute

Mark — Wed, 14 Oct 2020 11:00:00 +0000

Today, there’s no longer even the “promise” of lifetime employment. “Retirement” as in replacement, replacement just like an old machine, is as far off as the next layoff or the next outsourcing.

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Uniforms, Uniformity, and Conformity in Healthcare – Medical Group Minute

Mark — Wed, 07 Oct 2020 11:00:00 +0000

Uniforms send a message to others. Witness the quintessential example: the police officer. Even security guards and TSA workers don faux police uniforms with iron-on badges to manipulate people into a high degree of compliance. What uniform are your employees wearing?

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“A Laptop! A Laptop! My Kingdom For a Laptop!” – Medical Group Minute

Mark — Wed, 30 Sep 2020 11:00:00 +0000

Mobile devices, from laptops to cell phones, are stolen every day. Cars containing those devices, even ones locked “securely,” or so we think, in their trunks, are broken into or themselves stolen every day. Other such devices are simply misplaced. How secure is your data?

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Why You Must Harness the Power of the Flea – Medical Group Minute

Mark — Wed, 23 Sep 2020 11:00:10 +0000

Just as no vote was required for a dictator like Castro to take over Cuba, no medical staff vote, no survey by Press Ganey, no long and drawn out process among “stakeholders,” is required to topple the status quo.

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You Can Hold the Mayo, But Mayo Can’t Hold on to Hospital – Medical Group Minute

Mark — Wed, 16 Sep 2020 11:00:00 +0000

The tides of healthcare ebb and flow like the width of men’s ties and the political affiliation of Michael Bloomberg.

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“Free With Purchase” May Sell Cosmetics, but “Free With Referral” Is a Bad Marketing Idea – Medical Group Minute

Mark — Wed, 09 Sep 2020 11:00:00 +0000

The coronavirus has closed their office doors, but the U.S. Department of Justice is still prosecuting healthcare crimes and extracting painful settlements

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Understanding Valuation Isn’t Sufficient to Solve Your Economic Problems Any More Than Knowing the Recipe for a Tagine Makes You Moroccan – Medical Group Minute

Mark — Wed, 02 Sep 2020 11:00:47 +0000

There’s lots of advice out there suggesting single track “cures” to the cash crunch that many medical groups and facilities are experiencing as a result of the coronavirus economic crisis.

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The Problem Is the Cure – Medical Group Minute

Mark — Wed, 19 Aug 2020 11:00:39 +0000

Many medical group leaders come to me for help when they’ve got a “problem” and they’re looking for a solution.

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Hospital Performs Surgery on Itself and Cuts Off More Than Half Its Beds – Medical Group Minute

Mark — Wed, 12 Aug 2020 11:00:00 +0000

What if patients no longer need you, or, at least, not as much of you?

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How to Avoid a $46 Million Plus Compliance Mistake – Medical Group Minute

Mark — Wed, 05 Aug 2020 11:00:00 +0000

Of the various claims made, that lawsuit resulted in a $500,000 plus settlement by Sac Cardio and a $30 million plus settlement by Sutter in regard to their relationship.

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