Earlier this year, I read a news piece on a health system in Memphis called Methodist Le Bonheur Healthcare that had announced that it would be closing the joint venture ASC that it operates in concert with over one hundred physician partners.
Tag: venture
When I was a kid, I had a Gumby. (Did you have one, too?)
Take a seat while Mark discusses a hospital’s announcement that it’s closing down its physician joint venture ASC. Was it really their decision? Or have the physician partners realized that they no longer need the hospital?
According to a recent article in the Wall Street Journal, starting now in January 2019, Walmart is requiring employees needing spine surgery to travel to certain contracted hospitals for their surgery.
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Ride along with Mark as he discusses how to think differently about healthcare venture formation. Stop thinking first about outside capital. This is healthcare collaboration in its true form.
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Mark F. Weiss
Take a seat and listen in as Mark discusses Walmart’s latest foray into healthcare via it’s Walmart Town Center concept.
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Mark F. Weiss
The flashpoint is the defendants’ development of a competing ASC, Riverview Surgical Center. That’s the straightforward news. But, what’s really going on? And why should you, probably not a surgeon in Sioux City, care? Keep listening. It will become clear, really clear.
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Mark F. Weiss
Ride along with Mark as he talks the true cause of physician dissatisfaction: Hospital-centric healthcare.
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Mark F. Weiss
According to a recent article in the Wall Street Journal, beginning in January 2019, Walmart is requiring employees needing spine surgery to travel to certain contracted hospitals for their surgery.
The paper reports that among the health systems Walmart will favor are the Mayo Clinic, Geisinger, and Memorial Hermann.
So what’s that mean for you, assuming you’re not a Walmart employee.
Well, this may just be the tip of the iceberg. Will other large employers choose centers of excellence/centers of low cost/centers of what (?) in areas of the country for their employees’ major healthcare treatment? In fact, why think about in terms of “across the country,” when if a patient can fly some appreciable distance, he or she might just as easily be shipped off to a Joint Commission accredited facility in, well, India.
There other ways of looking at this, too. As more patients become comfortable with the notion of traveling to what’s billed as a “center of excellence” in some distant locale, might you, too, work to brand the care that you provide in a way that attracts patients from a larger geographic area, and I’m not just talking about the next county.
And, here’s another view: If someone or something has to travel, why can’t it be you. Not necessarily you, personally. But, you in terms of your brand name, stature, and technique? Whether that’s through branch locations, franchising, licensing, or joint ventures isn’t, at this stage, the point. The point is that there are many ways of looking at how you can increase the catchment area of your practice.
The first step in expanding your practice is to expand your way of thinking.
Let’s talk.
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Mark F. Weiss
I found an old lock in the garage. Now, what’s the combination?
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Mark F. Weiss
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