Group Culture

Who is Driving Your Practice’s Bus?

I had a quirky law school professor who, when the Socratic method was leading the discussion either in circles or to nowhere, fast, would throw up his hands and (almost) yell, “Hey, wait, let me drive the bus!” He’d then recenter the discussion to comport with his vision of the lessons to be learned. For […]

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Governance

You’re Not Being Managed, You’re Being Employed

I recently read an article about a physician who had sold his practice to a hospital. He was quoted as having stated that he had grown disenchanted with running the business end of his own practice, thus he had agreed to “have my practice managed by” the hospital. From the article author’s viewpoint, this signals […]

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Kickback | The Business of Healthcare

Pass the Bread and Get the Contract

I remember watching my mother make bread – she always allowed time for the dough to rise before putting it into the oven; it’s a question of timing. There’s a significant amount of timing involved in respect of the negotiation of agreements between physician groups and hospitals, especially in connection with exclusive contracts. If the […]

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