As hospitals employ physicians or acquire practices, management of the new entity is frequently a challenge. The issues in a practice differ from the hospital and the scale of the operations is much smaller. That means that mistakes are magnified, quickly showing up on the practice bottom line. The result is often an underperforming practice. […]
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AP Publishes Release – HSG Urges Proactive Intervention to Mitigate Adverse Consequences from 2022 CMS Split/Shared Visit Rules
New rule changes may disrupt wRVU credit, physician and APP compensation, and overall revenue generated for hospitals and healthcare systems.
HSG Employed Provider Network Transformation (Figure 2) focuses on creating the impetus and context for change and evolution towards “High Performance” in the trajectory of an employed network’s growth and development
This case study shows how a physician contract management system can help hospitals uncover Stark issues and smooth the contract negotiation process. Background A community hospital in the Northeast was struggling to manage its contractual relationships with employed and independent physicians. Hospital leadership did not have a systematic approach to creating or managing physician deals, […]
This case study shows how a physician contract management system can help hospitals uncover Stark issues and smooth the contract negotiation process. Background A community hospital in the Northeast was struggling to manage its contractual relationships with employed and independent physicians. Hospital leadership did not have a systematic approach to creating or […]
HSG’s focus on physician network management has given us real insights into the operational and management challenges faced by hospitals. Those challenges vary, depending on which Growth Phase your network is in. Many of our clients are in Growth or Operational Chaos modes, when common performance issues and their causes include: Performance Issue Drivers/Cause Physicians Don’t […]
Defining your strategy and creating a common understanding with your physicians is a crucial first step to building a high-performing group. Aligning it so that it supports your organizational strategy is likewise crucial. Tip 1: Align group and organizational strategy. As you start the process, executive and physician leaders should first review the organization’s plan […]
At HSG, one of our major services is managing and operating hospital employed physician networks. As our management activities have grown, we’ve developed a management tool dubbed our “100-day plan.” This process has forced us to identify and implement key action items essential to establish the direction for the group practice going forward. Through the […]
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 […]