The healthcare labor market shifts with time but there will always be a place for entrepreneurial physicians and other healthcare providers who seek to develop and expand their independent ventures.
Tag: incentive
What’s a Medical Group Compensation Plan For?
Okay, okay. The chances are great that your first reaction after reading the title was to think, “It’s so I’ll get paid.” Now that we’re past that, let’s look a bit deeper. From the medical group perspective, a compensation plan is a part, in fact the largest part, of the practice’s system for driving behavior…
Incentives and Compensation Plans for Medical Groups and Healthcare Businesses
I dictated the first draft of this post on a Monday as I was driving to work. I know a lot of people hate Mondays. I can’t tell you how much I want to slap somebody when they call a Wednesday a “Hump Day”, or when they say “it’s almost Friday!” I just don’t think…
Speak Truth to Numbers – Podcast
Don’t get your medical group or healthcare business lost in big data.
How Are Your Services Valued? – Podcast
It’s not just the delivery of medical care that determines the value that your medical practice or group delivers. It’s all of the “soft” stuff as well.
Why You Must Understand Personal Incentives in Entity Negotiation
It was late December. I was sitting across the table from the hospital CEO. We were in the midst of negotiating a deal involving my client, a large physician group, and his facility. And then, he made a major negotiating blunder, giving up on a deal point clearly in my client’s favor, in fact, a…
Here’s a Tip About Physician Compensation – Medical Group Minute
In the U.S., it seems that lots of people expect a tip, from the person who simply hands you your coffee at Starbucks to, I’d expect, hospital administrators (but only at for-profit facilities). Okay, just kidding, but you get the idea.
Is Your Medical Group Stealing From Its Future?
You get what you pay for. If you try to get it without paying for it, you won’t get much of it, at least not of high quality. And you are probably stealing. The irony is that you are stealing from yourself, from your future. Medical Group Compensation Plans What does your medical group’s compensation…
Here’s a Tip About Physician Compensation
In the U.S., it seems that lots of people expect a tip, from the person who simply hands you your coffee at Starbucks to, I’d expect, hospital administrators (but only at for-profit facilities). Okay, just kidding, but you get the idea.
Don’t Incentivize for What You Shouldn’t Get
What are you incentivizing your employees or independent contractors to do? And what if those incentives are driving them to not do other things that are far more essential for your business? Or, even worse, what if those incentives are driving them to do things that are clearly detrimental to your business?