Hospital-owned medical practices gaining the benefits without the losses.
Hospitals can correct most of the causes of reduced performance in hospital-owned medical practices by setting appropriate performance expectations and implementing correct operating principles. Engaging employed physicians and executives as partners who provide principle-based direction and support to practice managers encourages performance improvement. A critical determinant of a hospital's ability to successfully own medical practices is understanding and implementing the principles for success in this unique ambulatory business.
Marc D
MD
Halley
D002391:Catchment Area, Health; D004469:Economics, Hospital / Q000458:organization & administration*; D017598:Efficiency, Organizational / Q000191:economics*; D006123:Group Practice; D018578:Hospital-Physician Relations; D010067:Ownership; D014481:United States