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67 Tips for Developing a High-Performing Physician Network
Most of our clients learned to manage a hospital. Today, many of those clients believe their long-term success will center on how their employed physician group evolves. The viability of a health system or hospital is increasingly dependent on the group’s ability to attract the needed talent, respond to the imperatives to better manage care,…
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What Your Doctors Need to Know About: The Impact of Reform on Hospitals’ Bottom Lines
Across the nation, hospital financial performance is weak on average. Rating agencies, such as Moody’s, are citing lower returns and posting a negative outlook for the industry. Why Financial Performance Is Weak In working with our client hospitals, we see a number of reasons for this deteriorating performance: Efforts to better manage care are slowly…
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Critical Considerations for Merging Physician Networks
This HSG article covers mistakes hospitals often make when merging physician networks and lays out five areas that merit scrutiny. The recent spate of hospital affiliations and mergers/acquisitions combined with a decade-long acceleration of physician employment (hospitals now own nearly 75 percent of physician practices in the country) has created a new challenge for hospitals…
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Mergers and Physician Alignment
Our consultants see an interesting dichotomy with clients: they believe, almost uniformly, that closer alignment with physicians is crucial to future success, but when evaluating merger partners or acquisition targets, the issue isn’t often high priority. This is a failure in client strategy. Part of the problem is that physician alignment is difficult to assess.…
