How to develop the skills and strengths to guide your group’s future.
In 1919, New York hotelier Raymond Orteig announced the Orteig Prize: $25,000 to the first aviation team to fly nonstop between New York and Paris. In 1996, the X Prize, later named the Ansari X Prize for its major benefactors, offered $10 million to the first private, reusable manned spacecraft to fly into space twice […]
Verisimilitude: The appearance of being true or real. Unfortunately, it’s not the fact that your medical group is actually the “best,” which, indeed, it might well be, that governs your group’s success. Rather, it’s whether the hospital, or referring physicians, or patients believe that you’re the best. Create that perception. It does not happen by itself. This also is […]
To succeed, groups must strategize for their own desired future and that involves telling the truth about the current state of affairs.
The healthcare tide is strong: pushing forward hospital-centric healthcare, accountable care organizations, and governmental meddling. But what way are you swimming toward your future? Are you swimming with the tide or against it? Certainly, some trends are strong and will continue to play out no matter how hard you fight against them. For those interested […]
If you are a hospital-based physician, you can be certain that there are one or more so-called national groups targeting your facility. That is, they want to put you out of business. Probably better said, first they want to take some or all of your current physician staff, and maybe some of your non-physician staff, […]
Like it or not, the practice of medicine is also a business.
In many specialties, your competitors are businesses: the so-called national groups and practice management companies.
Does your medical group have a strategy to succeed, or are you simply hoping not to fail?
There was an anesthesia billing service in the 1980’s that marketed by telling its clients that all they had to do was go to the hospital, do their cases, fill in the billing information, go home, and get paid.
“I don’t even know where to begin.” Lately, as a result of the growing financial pressure on physicians and the quickening pace of change in the healthcare market, I often hear this, or similar expressions of frustration
