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Related Experiment Videos

Consumer focus can spur group practice turnaround.

M S Foreman1, A Draper

  • 1Tiber Group, Chicago, Illinois, USA. shanef@tiber.com

Healthcare Financial Management : Journal of the Healthcare Financial Management Association
|June 16, 2001
PubMed
Summary
This summary is machine-generated.

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Healthcare organizations can improve financial performance by viewing physicians as assets. A new relationship framework focusing on consumers and fiscal excellence can optimize competitive advantage.

Area of Science:

  • Healthcare Management
  • Health Economics
  • Physician Relations

Background:

  • Many healthcare organizations incur financial losses from employed group practices.
  • Divestment is not the only solution to this financial challenge.

Purpose of the Study:

  • To propose a new framework for healthcare organization-physician relationships.
  • To optimize competitive advantage through strategic alignment.

Main Methods:

  • Recasting the organization-physician relationship to prioritize consumer needs.
  • Reconfiguring economic models to surpass consumer expectations.
  • Restructuring group practices for fiscal and service excellence.

Main Results:

  • A new relationship framework requires defining mission, strategy, composition, infrastructure, compensation, and structure.

Related Experiment Videos

  • Focusing on the consumer and economic reconfiguration can enhance competitive advantage.

    • Conclusions:

    • Viewing physicians as valuable assets is crucial for healthcare organizations.
    • A collaborative framework is essential for achieving fiscal and service excellence in group practices.