Every organization has sacred cows. The financial challenge from COVID-19 calls for large scale improvements. This has emboldened our clients to address sacred cows, making tough changes that were unthinkable a few months ago. The time to act is now! Sacred cows to consider include: Underperforming Assets: Every organization has some assets that perform significantly […]
You want to reduce physician subsidies in your employed physician enterprise, and you have numerous initiatives to increase physician engagement under way. What matters, however, is not the number of physician engagement efforts, but how thoroughly they engage physicians in operations at the ground level. Veralon recently surveyed leadership at 30 physician enterprises with 11,000 […]
If your employed physician enterprise is like most, you are experiencing calculated losses of $100,000 to $200,000 per physician, and the losses are likely increasingly intolerable. The figures for physician losses, as currently determined, certainly grab attention, and as a financial indicator are very important. However, those figures do not provide much in the way […]
As hospitals and health systems build their employed medical practices, a large emphasis is often put on compensation arrangements, and little attention is paid to engaging physicians in the successful management of these practices. At the same time, hospitals are experiencing significant operating losses for their employed practices. Losses vary, but hospital-owned practices typically lose […]
Acquiring physician practices may be the key for hospitals and health systems to strengthen market position.
Larger physician practices, both primary care and specialists, are increasingly the focus of hospital and health system acquisition efforts. If a large practice is not affiliated with the buying organization, or if it refers a relatively small percentage of their clinical business to them, acquisition of the practice can generate significant incremental volume and improve […]