As I’ve noticed on other flights, the flight attendants are wearing their name tags flipped around so that the back of the tag, not their name, is visible.
Who’s Driving Your Practice’s Bus? II – Podcast
There is no question that the healthcare market is changing rapidly. This means that groups must have the ability to make business decisions rapidly.
Why Trying to Protect Your Group’s Position Is Destroying Your Future
Over the past five, ten or twenty years, your group has worked long and hard to develop its business. You’ve become successful. But now, you see threats everywhere: threats from the hospital that wants to employ you, threats of forced ACO participation, threats of replacement by paraprofessionals, threats of competition from national groups and the…
Seizing Your Own Future
Almost all physician groups are mired in mediocrity. Only 3 to 4 percent are in the category of top performers, of those who have seized their own futures. Those few are the groups that I call the strategic groups. There’s a choice, an intersection – the great intersection – and you’ve come to it today….
Who Is Driving Your Practice’s Bus? – Podcast
Many medical practices operate as if no one is driving the bus.
The Problem With Compensation Surveys – Why Assume That You’re Average?
Let’s assume for a moment that physician compensation surveys are statistically significant. What’s the problem with them? Well, I suppose they’re fine, that is, if you’re content with being average. OK, I can hear it now, some reader yelling that physician compensation surveys indicate more than just what’s average; they show the 70th, 80th and even…
Simple Change: Complex Transformation
Many contracted medical groups, both those in the traditional hospital based specialties as well as those in office based specialties, quite improperly view themselves as providing a commodity service. They themselves do not believe that there is a qualitative difference between their group’s “Dr. A” and another group’s “Dr. B,” such that there is no strategic value from obtaining services from their group as…
Keeping Up Appearances: Verisimilitude and Success – Podcast
The perception of the truth plays an important role in group and individual physician success.
Who’s Driving Your Practice’s Bus? II
For many medical practices, it appears as if no one is driving the bus; that is, no one is in charge of the group’s business. Instead, the practice operates like a runaway bus — yes, the providers are seeing patients, but where is it headed?
Einstein and Exclusive Contracts
Only slightly tongue in cheek, Einstein’s theory of relativity, E=MC², is also the formula that describes the power of any medical specialty exclusive contract. E = Exclusive (to the exclusion of all other physicians as to the services covered) m = management (of the business function of delivering that service) c² = control and cash.