For Hospitals and Hospital Systems
- Is your current medical group meeting basic expectations (i.e. financial results, revenue cycle parameters, physician recruitment and retention and patient loyalty)?
- Is your medical group an asset (i.e. adding new patients to the system, adding positive brand value, etc.) or is it a liability (i.e. losing patients, losing unacceptable amounts of money, losing marketshare to competing groups or systems)?
- Do you regard your medical group’s role in the system in a defensive light (i.e. maintaining referrals to the hospitals and physician loyalty) or an offensive one (i.e. adding patients to the system, taking market share or increasing system negotiation clout)?
- Do you believe that medical groups will be accountable for clinical quality performance by CMS, state and national credentialing or other means? For example, do you think that medical groups will be expected to be transparent about outcomes? Will third-party compensation be linked to outcomes in the next three to five years? If so, do you know how they perform now? Do you have a strategy for performance improvement?
- How much time and how many dollar resources are you willing to invest in medical group management and improvement?
- How vulnerable are you to the loss of a given individuals or several individuals on your management team?