Hospital-based medical groups shouldn’t simply conceptualize their practice as one business.
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.
So, for example:
- There is a group owner unit
- There is an employee/subcontractor unit
- There is a hospital unit
- There is a referral source unit
- There is a patient unit
Then within each of those units there are multiple elements of required activity.
Finally, each of those elements are valuable only if they are working in coordination and within the scope of the group’s master business strategy.