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Breaking even with hospital-owned practices.

Marc D Halley

    Healthcare Financial Management : Journal of the Healthcare Financial Management Association
    |February 5, 2015
    PubMed
    Summary

    Achieving performance improvement in hospital-owned practices needs strong organizational commitment, physician-executive partnerships, and dedicated implementers. Accountability across all stakeholders is crucial for driving successful change.

    Area of Science:

    • Healthcare Management
    • Organizational Behavior
    • Medical Practice Administration

    Background:

    • Hospital-owned practices face challenges in performance improvement.
    • Identifying key drivers for enhancing practice performance is essential.

    Purpose of the Study:

    • To outline the critical components necessary for successful performance improvement in hospital-owned practices.
    • To identify factors enabling effective change management within healthcare settings.

    Main Methods:

    • Qualitative analysis of factors contributing to practice performance.
    • Literature review on healthcare organizational change and management.

    Main Results:

    • Organizational will to sponsor change is a primary requirement.

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  • Physician-executive decision-making partnerships are vital.
  • Effective change implementers at the practice level are necessary.
  • Relevant performance measures and a culture of accountability are key.

    • Conclusions:

    • Successful performance improvement hinges on a combination of leadership support, collaborative decision-making, dedicated change agents, and a robust accountability framework.
    • Fostering these elements is critical for optimizing hospital-owned practice outcomes.