Governance

You’re Not Being Managed, You’re Being Employed

April 4, 2012

I recently read an article about a physician who had sold his practice to a hospital. He was quoted as having stated that he had grown disenchanted with running the business end of his own practice, thus he had agreed to “have my practice managed by” the hospital.

From the article author’s viewpoint, this signals a disconnect between the physician and the hospital: it was more than management; the physician and the hospital needed to be more aligned as to the hospital’s goals and objectives to be met.

I agree that there’s a disconnect, but I believe that it’s on an entirely different level: the physician speaks as if he’s simply signed a management agreement in respect of his practice.

But the reality is far different: he no longer has a practice, it is owned by the hospital and he is simply an employee.

That is, for as long as he’s employed. . . .

Comment or contact me if you’d like to discuss this post.

Mark F. Weiss

www.weisspc.com

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