Children's Hospitals
Children’s hospitals work with a unique clientele – our kids – and thus the healthcare delivery is specialized and often requires a completely different approach. Effectively addressing the nuances related to pediatric care requires the insights of experts focused in this particular niche.
At ECG, we have a group of individuals who have dedicated their careers to healthcare consulting to children’s hospitals and pediatric organizations. ECG has helped our pediatric clients formulate fundamental organizational strategies to revise hospital/physician relationships, strengthen financial performance, improve clinical productivity, and enhance clinical and academic programs.
The services we provide for children’s hospitals and physician groups include:
- Strategic planning.
- Physician/hospital relationships and affiliations structuring.
- Service line planning and program development.
- Business and financial planning.
- Physician compensation planning.
- Research and GME program planning.
- Operations improvement.
In addition to these services, ECG conducts an annual National Pediatric Subspecialty Physician Compensation, Production, and Benefits Survey. Given today’s challenging recruiting environment for pediatric subspecialty physicians, reliable compensation and production benchmark data is critical. This survey provides such information in a clear and concise format.
For nearly 40 years, our clients have included many of the top children’s hospitals within the U.S. Whether you are a large freestanding children’s hospital, a hospital within a health system, a pediatric department within a community hospital, or a pediatric physician group, we welcome the opportunity to help solve your most pressing strategic and financial problems.
Selected Projects
Developing a strategic plan for a children’s hospital. Expand Minimize
We assisted a large freestanding children’s hospital in developing a 3-year strategic plan. The resulting plan identified key strategies and tactics that allowed for the fulfillment of existing clinical and academic program potential, the expansion of key service lines, and the development of the most appropriate local and regional market tactics.
Creating an aligned multispecialty employed physician group structure for a large freestanding children’s hospital. Expand Minimize
Developing a compensation plan for a multispecialty pediatric physician practice plan. Expand Minimize
Designing a joint venture pediatric faculty practice plan in partnership with an affiliated university. Expand Minimize
We assisted a freestanding children’s hospital and university partner in creating a joint venture practice plan encompassing pediatric subspecialists and surgeons. Our work included developing affiliation terms regarding the new joint venture, as well as defining the operating, management, and financial structure of the pediatric practice.
