After having represented medical groups with a particular emphasis on hospital-based groups for 30 years, it has become strikingly clear that what distinguishes the most successful groups, from the great majority of the mediocre.
Tag: anesthesiology
There are stupid questions. And there are certainly stupid statements. But even so, they often present a kernel of wisdom for your taking.
There is no such thing as static demand for services over a contract’s multi-year term, and it’s a fool’s bet, yet one many take, to believe that one can place a set value on total fair market value.
It’s no secret that hospital-based medical groups, particularly anesthesia and radiology groups, are experiencing significant trouble recruiting and retaining their professional staff due to increasing compensation demands combined with declining reimbursement.
In your search to understand risk, don’t fall for the simple heuristic that bigger is better.
No matter what you think the odds are that the hospital at which you practice or office next to will survive for another 50 years, it would be wise to hedge your bet.
In a very real sense, this is a trip down “experience lane” (it’s like “memory lane”, only better) to my work on behalf of clients in the 1980s as well as in the 2000s, when similar waves of stipend support washed funds from facilities to anesthesia groups…
In your search to understand risk, don’t fall for the simple heuristic that bigger is better.
To succeed in business, you have to focus on sufficiently satisfying, that is, satisficing, the needs and expectations of your customers and on reminding them of that fact.
Value is what’s important to your customer. Not to you.
