How does a group of, say, 100 physicians account for whose work is going to be cut back, or who will have to be let go, when and if a facility the group serves closes or drastically scales back?
Tag: lay
This is a pressing issue for hospital-based groups as hospitals shrink and close. The time to plan is well ahead of the time, if ever, to implement.
Corporations exist to make a profit. There’s nothing wrong with that. It’s a fact of life.
LIFO and FIFO are inventory concepts. But they apply to the quandary of which physicians would be let go if case volume drops precipitously.
Do you have the governance structure, policies, employment agreements, and other elements required to shift resources and reduce staff as well as expand it in face of shifting needs?
How long would it take to find a job?
Corporations exist to make a profit. There’s nothing wrong with that. It’s a fact of life. One that I am all in favor of. Just keep your eyes open.
Hospital employment provides physicians no more safety than any other type of employment.
Many pundits claim, and many physicians believe, that hospital employment is a more stable career path than independent practice. But is that truly the case?