Over the past several weeks, I’ve seen multiple posts and comments on LinkedIn about the horrors of practicing as a cog in the wheel of Big Medicine, employment schemes facetiously referred to as “medical groups” by their health system or insurance company owners.
By the early years of the 20th Century, hospitals became large healthcare factories due to the size and expense of what was then cutting edge technology…
From the medical group perspective, a compensation plan is a part, in fact the largest part, of the practice’s system for driving behavior within the medical group.
There’s a growing trend of dissatisfaction on the part of office practice physicians employed by, or otherwise closely aligned with, hospitals.
A so-called expert said something like, “In the new economy, physicians need to lower their income expectations.”
What if your incentives are driving your employees to do things that are clearly detrimental to your business?
In many medical specialties, both hospital and office based, national groups have become significant competitors.
Hospitals are focusing their hard and few-earned dollars exactly where it counts, spending big bucks on the physician executives…
As you know, it’s hard to make a decision when you might have to pay a large price for it.
Hospitals are focusing their hard and few-earned dollars exactly where it counts, spending big bucks on the physician executives.