As you know, it’s hard to make a decision when you might have to pay a large price for it.
Tag: loss
CHS lost approximately $2 billion dollars in 2017 on revenues of $3.1 billion.
A physician makes a mistake, commits negligence, and what’s the result? It can be horrific. Malpractice suit. Medical staff discipline. Medical board discipline leading even to loss of licensure. Reputation destroyed. Now ask yourself what happens if a hospital executive, say the CEO of a publicly held hospital chain, commits the equivalent type of error, […]
Naughty or Nice? This year, Santa brought a lump of coal to Tenet’s Abrazo Maryvale hospital campus. Rumored to be accompanied by the Grinch for extra muscle, he padlocked the 232-bed Phoenix area facility. All kidding aside, the hospital fell victim to, in the words of its spokesman, “dwindling patient volumes.” As a reader of […]
You can use a red team strategy to discover your medical group’s weaknesses and to correct them before someone else takes advantage of them.
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?
Learn why, just like a squirrel that escapes being eaten by a dog today, your medical group’s odds of long term survival might not be so great.
Do you remember the first time that you heard a playback of your recorded voice? You were probably surprised. “Is that really how I sound?” Yes, it is. As if audio isn’t harsh enough, I remember the first time we shot one of the Wisdom. Applied. videos. I was convinced that the saying that the […]
I see too many deals that are hatched from the evil twins of self-inflicted human nature: fear and hope.
Seasons come and seasons go and they do this in healthcare, too, where they are called trends or perhaps lean six sigma.