A recent trip to a restaurant and the post office illustrate the difference between entrepreneurial medicine and the brave new bureaucratic world of healthcare.
Happier = More Profitable
According to a British study, dairy cows given names by their farmers produced close to 4% more milk that those that were simply herded. It’s likely, of course, that naming itself was not the operative factor. Instead, it’s probably the extra attention that the dairy farm workers give to cows treated almost as pets. The…
Ready. Fire! Aim.
Jumping into action without a clear strategy leads to misfires. Learn why aligning your medical group’s efforts with a focused vision is crucial.
Probability of Loss – Prevention and Contingent Mitigation of Business Risk – Podcast
Risk to your medical group can be broken down into two elements, both of which can be managed.
Strive for Simple
Certainly, patient care within your medical specialty involves many complicated and complex issues. But that doesn’t mean that the way that your practice’s business relates to hospitals, referral sources and patients has to be complicated. And, it doesn’t mean that the way that the arrangements among your practice’s owner physicians, or between your practice entity…
Girl Scout Cookies and Medical Group Success
Sorry. None of your patients, referral sources, or the hospitals at which you practice cares about your success. Surprise! They care about themselves. The key, then, is to tie, for a moment or for years, to the achievement of your “partner’s” goals by delivering something they value. Think for a moment of the Girl Scouts….
Entrepreneurial Practice vs. Bureaucratic Existence
You couldn’t ask for a better analogy to illustrate the difference between entrepreneurial practice and the bureaucratic world of one size fits all medicine envisioned by many pundits as the preferable world of the future. Dinner at the family-type chain restaurant, Rock Fish. Pleasant but not fancy, yet clean and decorated nicely. We were greeted…
Strive for Simple – Podcast
Medical practice is complex but your practice’s business should strive for simplicity.
Seriously Underwhelmed
I don’t know about you, but when I eat at a sushi bar, I expect the sushi chef to take my order. After all, for me, that’s the expected, traditional experience. And, it’s what makes it fun. You order based on what looks fresh, on what the chef suggests, and depending on your appetite –…
Not a Smart Call
As a recent Wall Street Journal article recounts, Japanese manufacturers, once the world’s leaders in electronic goods and especially in cell phone technology, lost big in the switch to smartphones. The author attributed their fall to the manufacturers’ inward focus: They concentrated their major technological advancement on televisions and, as to the cell phone, simply…