Creating an Economically Viable Physician Strategy
Employed and closely aligned physicians are part of most organizations’ core strategy, but the economics have proved hard to manage. Organizations need to determine the right number and location of employed physicians, optimize practice operations and staffing, align compensation and performance goals, and improve network integrity.
What You Need
Effective Physician Strategies Require Planning, Diligence, and Flexibility
Conduct financial and organizational reviews of potential acquisitions, negotiate physician compensation structures, and standardize acquisition programs.
Determine a sustainable level of physician compensation, establish a productivity-based plan, and ensure that contract terms allow for appropriate flexibility.
Design and develop plans for organizations to succeed in a value-based delivery model while thriving in the current volume-based model.
Discuss the right path forward for your organization
Lurie Children’s Hospital Is Growing Its Network, Further Improving Care and Its Leading National Position
Lurie Children’s leadership recognizes the need for continued organizational transformation amid a changing healthcare landscape. As a long-standing partner and strategic advisor to the organization, Kaufman Hall recently was engaged by Lurie Children’s to help the organization assess the impact of industry change on its marketplace, and shape a vision and related strategies for how the hospital should evolve in the years ahead.
Summer 2018 Kaufman Hall Report: Four Strategies to Optimize Investment in Your Employed Physician Network
Learn 4 strategies that healthcare leaders can use to right-type, right-size, and right-place their employed physician networks to ensure efficient functioning.
Discover alternatives for physician groups that are open to considering creative partnership approaches.