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 […]
Tag: incentive
What if your incentives are driving your employees to do things that are clearly detrimental to your business?
When most medical group leaders think about incentives, it’s usually in the context of structuring performance incentives for the group’s physicians, or in the context of incentives that flow to the group; itself pursuant to contracts with payors or facilities.
Hospitals are focusing their hard and few-earned dollars exactly where it counts, spending big bucks on the physician executives.
What if those incentives are driving them to do things that are clearly detrimental to your business?
You can’t believe your luck! You’re in the back of an ambulance, its siren streaming as it pulls into the emergency entrance of Big Medical Center of Somewhere, America. You’re quickly rolled inside, in tremendous pain but still conscious. Up walks a physician in impeccable C-suite attire with a stethoscope draped over his neck. God […]
When most medical group leaders think about incentives, it’s usually in the context of structuring performance incentives for the group’s physicians.
When most medical group leaders think about incentives, it’s usually in the context of structuring performance incentives for the group’s physicians, or in the context of incentives that flow to the group itself pursuant to contracts with payors or facilities. But, the issue of incentives is important in an entirely different way: the incentives that […]
The so-called “soft stuff” is a larger factor than groups generally acknowledge. Very few groups reward their physicians for it.