LIFO and FIFO are inventory concepts. But they apply to the quandary of which physicians would be let go if case volume drops precipitously.
Tag: shareholder
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, […]
Ride along with Mark as he discusses the split of physician employment into two segments, one in which employed physicians will never become owners and the other in which a quick track to partnership is offered.
Ride along with Mark as he discusses the fact that partnership isn’t necessarily the “golden ring” that you should be reaching for.
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.
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.
You probably already know that it is my firm belief that hospitals, at least as we know them, are basically dead. They just don’t know it yet. What I mean is that the majority of surgery cases are going to be shifting out of hospitals.
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. For example, the group becomes interested in acquiring other groups […]
Ride along as Mark talks about some issues pertaining to developing and operating a surgery center.
