Jove
Visualize
Contact Us
JoVE
x logofacebook logolinkedin logoyoutube logo
ABOUT JoVE
OverviewLeadershipBlogJoVE Help Center
AUTHORS
Publishing ProcessEditorial BoardScope & PoliciesPeer ReviewFAQSubmit
LIBRARIANS
TestimonialsSubscriptionsAccessResourcesLibrary Advisory BoardFAQ
RESEARCH
JoVE JournalMethods CollectionsJoVE Encyclopedia of ExperimentsArchive
EDUCATION
JoVE CoreJoVE BusinessJoVE Science EducationJoVE Lab ManualFaculty Resource CenterFaculty Site
Terms & Conditions of Use
Privacy Policy
Policies

Related Experiment Videos

How better performers are collaborating with physicians.

Michael B Guthrie1

  • 1School of Business, Program in Health Administration, University of Colorado, Denver, USA. MikeG237@aol.com

Healthcare Financial Management : Journal of the Healthcare Financial Management Association
|June 16, 2006
PubMed
Summary
This summary is machine-generated.

Related Concept Videos

You might also read

Related Articles

Articles linked to this work by shared authors, journal, and citation graph.

Sort by
Same author

Medical staff make-up facing shake-up.

Physician executive·2008
Same author

ABCs of TJR--physician involvement helps build a profitable program.

Physician executive·2005
Same journal

Highlights from the HFM blog.

Healthcare financial management : journal of the Healthcare Financial Management Association·2018
Same journal

Hospitals face challenges from Medicare cost and payment trends.

Healthcare financial management : journal of the Healthcare Financial Management Association·2018
Same journal

The fate of value-based care with an ACA repeal.

Healthcare financial management : journal of the Healthcare Financial Management Association·2018
Same journal

Beyond the Medicare annual well visit: maximizing revenue for hospital-owned practices.

Healthcare financial management : journal of the Healthcare Financial Management Association·2018
Same journal

Incorporating social determinants into population health management.

Healthcare financial management : journal of the Healthcare Financial Management Association·2018
Same journal

Health Care 2020 Part 3: Consolidation.

Healthcare financial management : journal of the Healthcare Financial Management Association·2018
See all related articles

Gainsharing proposals approved by the OIG offer hospitals new ways to incentivize physicians for reducing costs. Examining high-performing hospitals reveals diverse strategies for successful physician engagement in cost-saving initiatives.

Area of Science:

  • Healthcare Management
  • Health Economics
  • Hospital Administration

Background:

  • The Office of Inspector General (OIG) has approved gainsharing proposals, enabling new financial incentive models.
  • Reducing hospital costs is a key objective for healthcare organizations.
  • Physician involvement is crucial for the success of cost-reduction strategies.

Purpose of the Study:

  • To explore the implications of OIG-approved gainsharing proposals for hospitals.
  • To identify successful strategies for engaging physicians in cost-saving initiatives.
  • To guide hospital executives in selecting effective physician incentive programs.

Main Methods:

  • Review of OIG-approved gainsharing proposals.
  • Analysis of strategies employed by high-performing hospitals.

Related Experiment Videos

  • Case study examination of successful physician involvement in cost reduction.

    • Main Results:

    • Gainsharing presents a viable mechanism for aligning physician and hospital financial interests.
    • Both simple and complex strategies can effectively drive physician participation in cost-saving efforts.
    • Successful programs often involve clear communication, shared goals, and appropriate incentives.

    Conclusions:

    • Hospitals can leverage gainsharing to foster physician collaboration in cost management.
    • A tailored approach, considering organizational context, is essential for implementing effective physician incentive strategies.
    • Understanding the spectrum of available options empowers executives to optimize their cost-reduction initiatives.