Most hospitals undertake an annual strategic planning process. Medical practices also plan, but less frequently. In fact, sometimes medical practices erroneously depend on a hospital market analysis for their planning. This paper serves as an opportunity to review key concepts in developing an analysis of a “market”.
In times of increasing costs and declining reimbursement, physicians find themselves working harder for little or no increased financial reward. As revenues stagnate, compensation becomes an even timelier topic.
Strategic Positioning of Your Medical Practice Know How, Know When, and Know the Way
I recently had the pleasure of driving through some beautiful farmland in the Midwest on my way to a client engagement. After 30 years of serving as an advisor and consultant to hospitals, health systems and medical practices in the area of strategy and business development...