If I can make you a dollar by cutting your costs, can I keep 50 cents?
Tag: share
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, […]
What does partnership mean in a medical group? What does it mean to you? What does it mean for your group? What does it mean if you are setting up a medical group? I recently heard from someone (a partner in a law firm) who was recounting a story of another lawyer, who, years ago, […]
If I can make you a dollar by cutting your costs, can I keep 50 cents?
In eerie (or perhaps prescient) follow up to my article about gainsharing in the December 31, 2017, issue of The Advisory E-Alert, From Steelworkers to Surgeons: Gainsharing and Physician Groups, on January 5, 2018, the OIG released an important new advisory opinion (Adv. Op. 17-09 – let me know if you’d like a copy) on […]
If I can make you a dollar by cutting your costs, can I keep 50 cents? That, in a nutshell, is what’s described as “gainsharing” in the context of arrangements between medical groups and hospitals. The physicians, as a part of a structured arrangement, are rewarded for making a hospital service more efficient or more […]
Ride along with Mark as he discusses the fact that partnership isn’t necessarily the “golden ring” that you should be reaching for.
Office-based specialists, from ENT’s to urologists, often enter into suite sharing arrangements. No problem! That is, until they make it one.
Medical groups, especially first generation medical groups, often suffer from a common management error: Their leaders or board members manage from the perspective of their individual personal success, not from the perspective of the group’s, that is, the business’, success and of its long-term future.
