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Abstract:
At a time when many groups are experiencing financial trauma, it has become mandatory to step back and review some of the basics of medical group practice operation. A fundamental of paramount importance to every group practice is high productivity. Similarities have been observed in nine specific areas among groups that are ranked consistently in the upper ten percentile of productivity: marketing strategy, workload scheduling, management environment, physician compensation plan, clinic layout, systems and procedures, staff support of personnel management, ancillary departments, and financial management. By summarizing the common characteristics in these nine areas found in groups that are consistently highly productive, the author has mapped out a road to success. If your group is experiencing financial problems, or perhaps just experiencing more slippage than you would like to admit, this article provides the perfect opportunity for you to sit back, take stock, and zero in on areas that could use some work.