Many medical groups, especially those run as a club or collection of colleagues, fear spending any money because they view spending as a cost.
Tag: invest
Escape the Prison of Cost Based Thinking
Cost-based thinking traps medical groups in a race to the bottom. Learn how to shift to value-based strategy to unlock growth and success.
Why Tough Times Are Still Fuel for Opportunity
Economic challenges in healthcare offer strategic opportunities. Learn how to transform adversity into growth.
Risky Behavior And Healthcare Businesses – Podcast
When we think of risky behavior, we usually think of personal acts.
Risky Behavior and Healthcare Businesses
Risky behavior impacts medical groups and healthcare businesses, too. Sometimes this is a result of the personal acts or omissions of an employee, as in medical malpractice.
Here’s What Happens When Physician Alignment Is Out of Line – Podcast
Do You Know What Costco Pharmacy Doesn’t About the Lifetime Value of a Customer?
Like a dry cleaner, healthcare providers have to screw up to lose a customer’s loyalty. Dry cleaners know that once they attract a customer, it’s extremely likely that he or she will continue to patronize the store for years unless the dry cleaner does something to wreck the relationship.
What a Marshmallow Says About Your Medical Group’s Future
Most medical groups have compensation plans that focus on immediate gratification, on zeroing out at the end of each year.
What’s It Cost? – Medical Group Minute
Thirty some years ago, my father told me that you paid less for $150 shoes than you did for a $49 pair.
Why Any Port Isn’t Good in a Storm – Medical Group Minute
Bigger or larger or more providers or more locations do not, in and of themselves, make a stronger business.