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Showing posts with the label Marketing Physicians

You bought the medical practice, now how do you market those physicians?

Recent figures indicated that owned medical practices by hospitals and health systems are losing $170K a year. It's causing a lot of angst in the leadership suite and with the Board of Directors in hospitals and health systems. And everyone knows these losses are unsustainable. There are of course many reasons for this, some are structural, some are organizational, some are cultural, some are management decisions made and all playing a part in why the practice is losing so much money. But one reason should never be because you don't market that medical practice effectively. And sadly, there is a lot of ineffective medical practice marketing going on by hospitals and health systems. Medical practices are one of the few remain opportunities to drive volume and revenue. Its sure not the hospital, that's the last place you will be wanting to drive volume, especially to the inpatient side. The drive to create ACOs in a value-based payment environment demands a different t...

So, how do you market the employed physician?

With a dynamically changing healthcare industry, employment of physicians is making a big comeback to the hospital industry. Born of necessity, hospitals and physicians are being driven by reimbursement declines, effectiveness and efficiency pressures, retail clinic competition and new opportunities. The drive to create ACOs in a value-based payment environment demands a different type of physician relationship.  With this new opportunity to reinvent, revitalize and recapture what previously before had been an adventure on the part of hospitals with mixed results, it's time to discuss how one goes about marketing the employed physician. First break from the past...... It's easy to look at this and say we'll just do what we did in the past in promoting employed physicians and be done with it. That is a dangerous mistake. Healthcare consumers/patients are making physician choices based price, location and convenience due to increasing co-pays and rising deductibles. If you...

Marketing the Employed Physician

With dynamic changes occurring in the healthcare industry as a result of the Patient Protections and Affordable Care Act (PPACA) , employment of physicians is making a big comeback to the hospital industry. Born of necessity, hospitals and physicians are being driven by reimbursement concerns and opportunities. The drive to create Accountable Care Organizations (ACOs) demands a different type of physician relationship. One that is more centralized and controlled to "reap" the revenue benefits of the new healthcare market environment. With this new opportunity to reinvent, revitalize and recapture what previously before had been an adventure on the part of hospitals with mixed results, its time to discuss how one goes about marketing the employed physician. First break from the past...... It's easy to look at this and say we'll just do what we did in the past in promoting employed physicians and be done with it. That is a dangerous mistake in the age of healthcare c...