• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
HSG Advisors

HSG Advisors

Building High-Performing Physician Networks

MENUMENU
  • Home
  • About HSG
    • About HSG
      • Shared Vision
      • Leadership Team
    • Careers
  • Healthcare Consulting
    • Physician Strategy
      • Health System Strategic Plans
      • Employed Physician Network Strategy
      • Physician Growth Strategy
      • Shared Vision and Culture Development
      • Physician Manpower Plans
      • Service Line Strategy
      • Physician Co-Management
    • Physician Leadership
      • Shared Vision and Culture Development
      • Physician Burnout
      • Physician Governance and Leadership
    • Performance Improvement
      • Network Performance Improvement
      • Performance Improvement Implementation
      • Network Revenue Cycle
      • Practice Care Model Transformation
      • Practice Acquisitions
      • Advanced Practice Provider (APP) Utilization
      • Virtual Health
    • Network Integrity
      • Patient Share of Care
      • Patient Flow
      • Provider Service Location Analysis
      • Market Insight
      • Physician Network Intelligence
    • Physician Compensation
      • Compensation Plan Design
      • Fair Market Value and Commercial Reasonableness Opinions
      • Advanced Practice Provider (APP) Compensation
      • Medicare Physician Fee Schedule
  • Thought Leadership
  • Contact Us
  • Medicare Changes
  • Client Log-In
Client Log-In LinkedIn LinkedIn

Contact Us

ACHE – Physicians, New Year’s Resolutions and 2021

As we develop New Year's Resolutions for 2021, now is the time to make resolutions related to priorities for your employed network.

December 11, 2020 by D.J. Sullivan

Physicians, New Year’s Resolutions and 2021

Originally published by American College of Healthcare Executives (ACHE) on December 11, 2020

For most of us, 2021 cannot get here soon enough. The mess that has been 2020 has seen executive time absorbed with COVID-19. Strategic issues at the core of your health system’s long-term success, including building an employed physician network that can produce value and manage risk, has been pushed aside by current realities. 

As we look forward to 2021, there is no better time than now to make some new year’s resolutions related to your priorities for your employed network. Our book, Employed Physician Networks: A Guide to Building Strategic Advantage, Value and Financial Sustainability, published by the Health Administration Press in December 2018, provides a roadmap for setting those priorities. Below are five items to add to your list of new year’s resolutions for the coming year.   

Resolution 1

Resolve to create a shared vision with your physicians that is mutually beneficial to the health system and to the physicians. HSG’s research shows that failure to do this is one of the two biggest reasons groups struggle. If you do not know where you are going or what success looks like, it is easy to see why the group will be embroiled in conflict and exhibit dysfunction. Creating this vision is the first step to building a clear plan and getting all the stakeholders on the same page. Resolve to develop that vision. 

Resolution 2

The second most significant barrier to success with employed networks is the lack of a robust infrastructure to manage and propel the group. In the early days of physician network development, this often means adding managers with practice management expertise. It means engaging physicians in executive roles to gain their perspective in decision-making and enhancing your ability to sell decisions to employed providers. It also means having the data infrastructure and care management resources to flourish under risk contracts. You should resolve to understand the resources needed to make the group successful and ensure they are available.   

New Year’s Resolution 3

Understand the root cause of your losses in the network. Many executives and boards struggle with network losses. But without having a detailed understanding of the factors driving that performance, improvement is elusive. And it is impossible to collaborate with physicians on solutions if you do not have a common grasp of the challenges. Resolve to complete an assessment that gives you the knowledge needed to take corrective action.

New Year’s Resolution 4

Engage physicians so they can help you shape the future and deliver results. The need for engagement is integral to the long-term development of the employed network. It is hard to be successful in the market if you are not tapping into their knowledge. Resolve to engage physician leaders, and ask them to engage their peers. 

New Year’s Resolution 5

Adjust your physician compensation plan to better align with the objectives of the organization. We see clients incorporating nonproductivity metrics and changing the compensation plan to incent care management, among other changes. Likewise, CMS changes to wRVU values are driving some systems to change. Resolve to align compensation plans in 2021 in cooperation with your physician leadership.   

You can add the book, Employed Physician Networks: A Guide to Building Strategic Advantage, Value and Financial Sustainability, to your 2020 Christmas list and resolve to read it in 2021 as one of your New Year’s Resolutions. Next year must be a better, more stable year for your health system. It can also be a year in which you set the stage for your physician group to be a strategic asset. Fulfill these resolutions, and you will be well on your way.

Related Leadership Planning for 2021 Content

Management of Healthcare Organizations: A CEO’s Guide to Developing Physician Capabilities for the Future
ACHE – Managing COVID-19: Physician Leadership Priorities for Employed Physician Networks

Category iconArticles,  Physician Leadership

Primary Sidebar

David W. Miller

(502) 814-1188 dmiller@hsgadvisors.com

Receive Physician Strategy News

  • This field is for validation purposes and should be left unchanged.

Recent Thought Leadership

  • HSG Claims Data Analytics Updates: February 2023
  • 2023 Medicare Physician Fee Schedule Updates
  • HSG Advisors Expands Consulting Services and Data Analytics Capabilities in Response to National Outpatient Utilization Trend
  • Creating a Win/Win System of Advanced Practice Provider Oversight
  • Employed Provider Network Shared Vision: Process and Intent

Insights for Confident Leaders

Sign Up for HSG's Physician Strategy News™ and Notifications on New Thought Leadership
  • This field is for validation purposes and should be left unchanged.

Footer

9850 Von Allmen Court
Suite 201
Louisville, Kentucky 40241

(502) 814-1180

info@HSGadvisors.com

  • Physician Strategy
  • Physician Leadership
  • Performance Improvement
  • Network Integrity
  • Physician Compensation
  • About HSG
  • Purchase HSG’s Book
  • Leadership Team
  • Careers at HSG
  • Thought Leadership
  • Privacy Policy

Take HSG’s Physician Network Evaluation Survey
Get Started Here

  • LinkedIn
  • Vimeo

© 2023 HSG Advisors. Website managed by SiteCare.com