Biomedical subjects
Publications and source records attributed to F Wenzel.
The following article on group practice governance is followed by four short commentaries from various MGMA members across the country as well as the director of the MGMA Consulting Service. This article, and the commentaries that follow it, are intended to stimulate your thinking regarding the governance structure in your group.
Hospitals, health systems and physician practice management companies (PPMCs) that have acquired physician practices are losing millions of dollars a year on those practices. They wonder. "We're paying those physicians a lot of money. They should be highly motivated employees. Why aren't they?" Managing physicians with compensation is not enough. To manage physician groups well, all the interests and values of physicians must be addressed. Managing a physician group requires a management style that actively involves individual physicians. This article presents our insights into structuring the leadership and management of physician groups.
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