Speech Physician Employment: Improving Operational and Financial Performance

Physician Employment: Improving Operational and Financial Performance

Hospitals and health systems are employing physicians at a growing rate, and all signs indicate that physician employment is here to stay. But even as organizations strive to avoid the significant losses experienced on practice acquisitions in the 1990s, many are still taking a hit. This presentation examines the financial life cycle of an employed practice, including how long it takes to achieve profitability. It also reviews the guidelines for measuring financial and operating perfor-mance of your employed network, as well as how to determine an ideal network size, and addresses performance issues related to physician culture, leadership, compensation, productivity, EMR implementation, costs, and quality initiatives.