Overview
A health system’s employed provider network is the most critical driver of current and future strategic and financial success. Health systems must embrace the employed provider network’s importance to the health system and focus on creating an integrated, multispecialty group adept at delivering the capabilities and patient access the health system needs now and in the future.
HSG assists health systems in developing High-Performing Employed Physician Networks.
As defined in HSG’s book “Employed Physician Networks: A Guide to Building Strategic Advantage, Value, and Financial Sustainability”, the “High-Performing” Employed Physician Network embodies the following characteristics:
- Is financially and operationally sustainable
- Is integrated with health system vision and strategic direction
- Embraces a multispecialty group culture that is embedded in both strategic vision and day-today operational management
- Embodies uniform policies, procedures, and interactional experiences regardless of point of contact
- Delivers consumer-centric care and service, with a focus on access, engagement, and positive population health outcomes
- Incentivizes providers with a common compensation philosophy that has specialty-specific variance where warranted, but includes metrics consistent with improving performance expectations
- Integrates robust physician/advanced practice provider and administrative dyad leadership throughout the organizational chart, embodying “provider-led, professionally managed” mantra
- Utilizes all providers and support staff at top-of-license and capabilities in a clinically transformed practice model
Subservices
Employed Network Transformation
Transforming a group of employed practices into a cohesive multispecialty group that is aligned with the health system’s strategic direction requires a Shared Vision between administration and providers and evolve the organization’s structure to focus on its future. HSG works with employed networks to reset the path and engage stakeholders in leadership towards the future.
Employed Network Operational and Financial Performance Improvement
Improving financial performance within an employed network requires a comprehensive understanding of internal performance versus benchmark. HSG helps health systems identify, prioritize, and execute upon operational issues that ultimately drive financial performance.
Employed Network and Practice Turnaround
When a network or a practice leader departs, major disruptions to operations and financial performance can occur. HSG’s Interim Management team stabilizes operations while supporting development of future leaders within the organization.
Related Resources
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Employed Provider Networks and Health Systems May Suffer Under One Physician Executive Leader
HSG strongly encourages clients to consider two distinct physician executive leaders, over health system and employed provider network.
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Nine Elements of An Employed Physician Group Shared Vision
Even though each employed physician group’s vision for its future is unique, these nine shared vision elements are critical to address.
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Eleven Questions for Creating a Healthcare Service Line Vision
Creating a comprehensive healthcare service line vision should address eleven key areas. Proper visions will guide service line priorities.