Joint ventures in health care: what to do before you do the deal.
To be successful, a hospital-physician joint venture must be guided by a strategy that includes a coherent business strategy, an orientation to the specific needs of the potential physician participants, a bias towards closure, and a rigorous process for evaluating, structuring, and implementing transactions. This article focuses on the last characteristic of the strategy--a process for evaluation, structuring, and implementation. Such a process will establish the basic viability of the project, give direction to the approach, provide a fundamental understanding of the transaction, and create an overall businesslike attitude.
D002202:Capital Financing / Q000379:methods; D005069:Evaluation Studies as Topic; D005376:Financial Management / Q000379:methods*; D005377:Financial Management, Hospital / Q000379:methods*; D006739:Hospital Administration / Q000191:economics*; D006759:Hospital-Physician Joint Ventures / Q000191:economics*; D008962:Models, Theoretical; D009937:Organizational Objectives; D010067:Ownership; D014481:United States