You have been coming into work every day for years. Now there’s no need to come in tomorrow because your group no longer exists. You see, although your group collected over $20 million over the past year, and you and your fellow partners earned a tidy sum, it turns out that your group was simply…
Entrepreneurial thinking is the cure for dissatisfaction with Obamacare.
Pretend you’re about to invest years of effort and place your economic future on one of the following: (a) A business totally dependent upon the fact that Gmail will always exist, or (b) A business dependent upon email on any platform. Why is it that “b” is an obvious choice in this pretend exercise, but…
Be honest: Do you own your practice or does it own you? If your practice owns you, what you have is a job. You might as well go work for someone else. Less headache. Isn’t that the whole point of physician management companies and hospital employment? But if you want to become successful, and there…
Most medical groups are out of balance and easy to tip over.
Whether it’s the 83% reported in the press or even half of that, many physicians are questioning their career strategies in light of the Supreme Court’s upholding of the individual mandate within Obamacare. It appears certain that an increasing number of physicians will be disappointed with Obamacare and the burdensome requirements of its bureaucracy. From…
In the book, Jurassic Park, and in the movie of the same name, it quickly becomes obvious that despite absolute belief and assurance that the system is closed, there is always the chance of a leak. Shift from dinosaurs on an island to your patients’ protected health information, or “PHI,” which you probably believe to…
As I’ve noticed on other flights, the flight attendants are wearing their name tags flipped around so that the back of the tag, not their name, is visible.
There is no question that the healthcare market is changing rapidly. This means that groups must have the ability to make business decisions rapidly.
Over the past five, ten or twenty years, your group has worked long and hard to develop its business. You’ve become successful. But now, you see threats everywhere: threats from the hospital that wants to employ you, threats of forced ACO participation, threats of replacement by paraprofessionals, threats of competition from national groups and the…