Most medical groups have a two-level physician engagement/compensation structure: owners and non-owners. They also tend to have a ladder to ownership status along which physicians advance to the top rank. In some groups, all it takes is time; unless someone goes off the deep end, his or her partnership status is just a few years…
Tag: physician
Do You Make This Mistake in English? – Podcast
It’s hard enough to watch what you say when you’re speaking, but at least you’ve got inflection on your side.
Are You Asking the Wrong Question About Your Future?
What underlies your profession or specialty? What underlies your desires? What’s your overriding professional function?
Hospitals No Longer Like to Make the Bed
Who likes to make the bed? Apparently not hospitals, because an increasing number are building new “bedless” facilities. Reception area/waiting room? Check! Operating rooms? Check! Patient monitoring? Check! Inpatient rooms? Heck no! All of the overnight rooms are the patients’ own rooms at their homes. There’s no need to build them. There’s no need to staff…
Breaking the Chains of the New Normal – Medical Group Minute
Many physicians, even physician group leaders, have trouble with the notion of transformational change because today’s payor and hospital centric status quo is their “normal.”
Is There a Failed NHS in YOUR Future?
Bernie Sanders and Elizabeth Warren seem to think that businesses don’t exist to make a profit. Grilling Aetna, as they plan to do this week, over the “real” reason it left the Obamacare exchanges won’t change the program’s failed economics.
It’s Human Nature: Incentivizing Performance – Medical Group Minute
In 1919, New York hotelier Raymond Orteig announced the Orteig Prize: $25,000 to the first aviation team to fly nonstop between New York and Paris.
It’s Human Nature: Incentivizing Performance – Podcast
In 1919, New York hotelier Raymond Orteig announced the Orteig Prize: $25,000 to the first aviation team to fly nonstop between New York and Paris.
Bamboozled Over the “Cure” for Balance Billing – Medical Group Minute
I just read an article on Modern Healthcare’s website about balance billing in the out-of-network context.
Escape the Prison of Cost Based Thinking
Many medical groups, especially those run as a club or collection of colleagues, fear spending any money because they view spending as a cost. They view it as decreasing the cash available for distribution and their business is all about current cashflow. They have a pure lifestyle business. Perhaps that business played out well for…