title: Hospital-physician joint ventures: a strategic approach for both dimensions of success.
abstract: Joint ventures between hospitals and the physicians on their medical staffs have produced successes and failures. Each joint venture has two very different dimensions of success--financial and collaborative. The most successful ventures are able to accomplish both of these often conflicting goals. To enhance hospital executives' success in joint ventures with physicians, a strategic approach with a series of six steps and their corresponding models or maps is proposed. The steps in this strategic approach are: (1) identify key stakeholders and linkages among them; (2) surface stakeholder conflict using problem-oriented maps; (3) diagnose the venture on both dimensions of success; (4) classify the venture using both dimensions of success; (5) select a strategy to optimize the venture's current potential for success; and (6) select an approach to transform the venture with limited potential for success.
authors: College of Business Administration, Texas Tech University, Lubbock 79409.
authors: J D
authors: JD
authors: Blair
authors: C R
authors: CR
authors: Slaton
authors: G T
authors: GT
authors: Savage
mesh_terms: D003220:Conflict, Psychological; D003284:Contract Services; D006739:Hospital Administration / Q000458:organization & administration*; D006759:Hospital-Physician Joint Ventures / Q000458:organization & administration*; D007400:Interprofessional Relations; D008330:Management Audit; D008962:Models, Theoretical; D009937:Organizational Objectives; D010934:Planning Techniques; D012017:Referral and Consultation; D012308:Risk Management; D014481:United States