Growth. There’s lots of talk about it.
Tag: business
You Can Plan on This!
“No plan survives contact with the enemy,” is a famous concept credited to many, bastardized by dozens, and plagiarized by even more. That’s because it’s true. But the fragility of plans does not mean that you should forsake planning for your medical group’s or healthcare business’ future. In fact, it means just the opposite: You…
Medical Group Management Error: Managing for Your Personal Gain
Medical groups, especially first generation medical groups, often suffer from a common management error: Their leaders or board members manage from the perspective of their individual personal success, not from the perspective of the group’s, that is, the business’, success and of its long-term future. For example, the group becomes interested in acquiring other groups…
Medical Group Management
Properly done, medical group management is neither a collaborative nor a unanimous process. It is a leadership decision. The problem is that many groups have created an almost impermeable barrier to true leadership within their entity. They strive for a consensus, which by its very nature is just another way of saying “watered-down decision.” The…
Creating Interlocking Physician-Owned Ventures
Driving through the mountain town built around a lake, I couldn’t help but notice the David Isaac empire. (David Isaac isn’t his real name, I’ve changed it for this post.) There was David Isaac Boat Sales. A mile or so away, there was the David Isaac Marina. And, there was David Isaac Toyota. A quick…
Risky Behavior And Healthcare Businesses – Podcast
When we think of risky behavior, we usually think of personal acts.
Physician is 10th Person Found Guilty in Kickback Scheme
Green scrubs might be the new orange. And no matter the trendy branding on Netflix, orange isn’t the new black. The first week of March 2016 brought the 10th conviction for federal Anti-Kickback Statute (“AKS”) violations in connection with the now-closed Sacred Heart Hospital in Chicago. Dr. Venkateswara Kuchipudi, an internist, was found guilty of receiving…
Why Diligence is Due Way Before Due Diligence
f you’ve ever purchased or sold a house, you’re already familiar with the concept of “due diligence” in the sale of a medical group, ASC, or other healthcare business, just on a smaller scale.
Medical Group and Healthcare Facility: Comfort Zone or Continued Existence, Your Choice. – Podcast
Most of us seek comfort. We want the usual.
Watch What You Negotiate For
The key is to adopt both a short term and a long term view of your business.