A Comprehensive Strategy for Physician Network Referral Management

For hospitals with large employed physician networks, we commonly see referral management/patient referral capture as an issue. Out-of-network referrals lead to decreased productivity, declining market share and lost practice and hospital downstream revenue. Drivers of Referral Leakage Poor performance in referral capture is driven by one of two issues: 1) Providers Directly-Referring Out. This most […]

Two Paths to Greater Practice Revenue and Productivity

Searching for ways to increase practice revenues and productivity? The 2017 MGMA DataDive Cost and Revenue Survey provides some helpful insight. The Survey indicated that practices with higher staffing-to-physician ratios and non-physician provider (NPP)-to-physician ratios realized greater net revenues and higher provider productivity. An article1 about the 2017 MGMA DataDive Cost and Revenue Survey highlights […]

Shared Vision: Unique Application of the Process

Care coordination among PCPs, hospitalists and ED physicians is a challenge for most hospitals. Recently, the medical leadership of two health system hospitals decided to tackle this problem by using HSG’s approach to building a shared vision. This approach had been used by HSG to develop a shared vision within established groups and advocated in […]

MACRA Impressions – Fact or Fiction

Now that everyone has sufficiently recovered from submitting 2016 PQRS and Meaningful Use data and thoughts have turned to earnest MACRA preparation and participation, we thought this would be a good time to address some of the many MACRA “impressions” we have heard and been asked to clarify. As our webinars encourage, the time for […]

Best Practices: Engage Physicians in Strategic Planning, or Fail

    Strategic success has never been more dependent upon physicians. In a market with increased accountability, your system’s future will depend on the ability of your physicians to deliver better, more efficient care and manage to metrics. Engaging doctors to gain their understanding of the market’s trajectory, insights into how to respond, and support […]

6 Reasons for Upgrading Your Employed Physician Network Leadership

Employed physician networks have become an integral part of the overall strategy for hospitals and health systems. Whether your network consists of 40 or 240 providers, having the right executive leadership at the helm is critical. And the operational and financial expertise required to effectively manage these multimillion dollar entities has grown with the network’s […]

Telltale Signs Your Network Has Exceeded its Management Capabilities

Having the right management in place is critical to network success and sustainability.  The skill set and experience required to manage and grow multi-site, multi-specialty networks are much more sophisticated than that of the traditional “practice manager” and the pool of qualified candidates is limited. ASHHRA’s HR Pulse magazine, summer 2017 issue, featured the article, […]

Is Your Physician Compensation Plan Holding You Back?

As depicted in the graph below, HSG believes that all hospital-owed physician networks progress along an evolutionary path, from “Novice” to “High-Performing”, with most struggling to emerge from Operational Chaos. HSG’s HFMA webinar on April 20, 2017, (click here to view) took a broad look at performance improvement and, specifically, a process to discover operational […]

Capitalizing on your Group Vision

One of our recent Physician Strategy News’s articles, “Creating a Shared Vision for Your Network”, extolled the virtues of developing a vision statement as a mechanism to galvanize your physician group around an aligned, common vision for the group’s future. We described our process for developing the vision statement and indicated that it could be […]

Your Growth Strategy Isn’t Aggressive Enough

Why do so many hospitals and health systems shy away from an aggressive growth strategy?  We see several typical reasons: Disinclination to commit the attention and organization required of senior leadership to execute an aggressive strategy.  Aggressive growth is a great idea, so long as it doesn’t require much in the way of resources or […]

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