In the Wild West days of the 1980s and 90s, it wasn’t uncommon to see as many medical directors receiving stipends from a hospital as there are aspirins in a Costco-size bottle.
Tag: director
Herman Cain withdrew his name from consideration for a Fed seat because he couldn’t afford (or didn’t want) to work for the relatively low pay. So, how can you expect one of your partners to devote time to running your medical group, if you won’t compensate him or her for it? After all, you get […]
Mark discusses how a hospital CEO passes blame to an “aggressive, direct competitor” for the downturn in his facility’s patient volume.
As horrible as a fire is — the danger involved, the risk of loss to the home or business owner — there’s also an inherent opportunity: an opportunity to rebuild, to renovate, and to renew.
In a quote qualitatively similar to “my dog ate my homework,” a hospital CEO blamed an “aggressive, direct competitor” for the downturn in his facility’s patient volume. The drop in business led to a significant financial loss, a staff layoff, and a near scrape with Chapter 11 bankruptcy.
You may have seen their websites: Anesthesia “practice management companies” that advertise “no stipends!” to obtain facility contracts.
Today, and tomorrow, as more and more surgical procedures leave the hospital setting for ASCs and other outpatient facilities, query whether hospital administrators will revisit medical directorships with renewed fervor as they seek ties that bind.
As horrible as a fire is — the danger involved, the risk of loss to the home or business owner — there’s also an inherent opportunity: an opportunity to rebuild, to renovate, and to renew. The stories of the phoenix or of Noah and the flood. Let’s discuss the parallels to your business.
Free Services (Like Medical Directorships) Are Slippery Slide to Compliance Hell – Success in Motion
Ride along with Mark as he discusses how competing via providing free services, such as uncompensated medical directorships, or giving into a facility’s demand for free services, is a violation of the federal anti-kickback statute.
You may have seen their websites: Anesthesia “practice management companies” that advertise “no stipends!” to obtain facility contracts. Or, you may have seen the RPFs, usually drafted by “consultants” or “management companies” (and others specializing in perhaps unknowingly committing federal crimes) who promise the surgeon-owners of ASCs that they’ll get anesthesia groups to provide a plethora […]