Listen while Mark discusses a hospital’s announcement that it’s closing down its physician joint venture ASC. Was it really their decision? Or have the physician partners realized that they no longer need the hospital?
Was it really their decision? Or have the physician partners realized that they no longer need the hospital?
Call them mental models, call them viewpoints, the point is the same...
Earlier this year, I read a news piece on a health system in Memphis called Methodist Le Bonheur Healthcare that had announced that it would be closing the joint venture ASC that it operates in concert with over one hundred physician partners.
It’s easy to be a backseat driver, but in the context of case flight from hospitals to outpatient facilities, buying large hospitals from national chains “because we can run them better” is a bit risky.
No matter how good it looks, no matter how profitable it is, you can’t be dependent upon any customer for a significant part of your business.
Alchemists struggled without success for centuries attempting to turn lead into gold.