Physician led hospitalist groups?

[Cadet133]

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What are some advantages and disadvantages of hospitist groups entirely run and owned by physicians?

 

[InvestingDoc]

What are some advantages and disadvantages of hospitist groups entirely run and owned by physicians?

Advantages:

• Potentially more understanding of issues that come up with delivering health care than an MBA who only focuses on the numbers
• I personally liked being in a physician run group because the leader of the group would sometimes pick up shifts to help out. This got me face to face with them where I could become closer to the high up's in the group and have my voice heard. Hell, I was upset about our pay structure and one day at lunch after listening to all of us talk about it he met with the board and next month it was changed.
• Odds are, less bureaucratic BS. Less online modules that you just click through quickly
• Usually these groups are not to big on bloat and filling the ranks with non medical individuals. This gives you an opportunity for quick advancement in the company.

Disadvantages

• Sometimes physicians are terrible business people. As a result, they can burn bridges or not understand how to market the group correctly.
• This type of structure gives junior doctors the impression that the group is less likely to screw them. Believe me, there are greedy people everywhere, including physicians who run groups.
• Sometimes the old people in the group are the ones who are high up in the company despite a complete lack of production for the company and a lack of any good business sense. Because these people are often friends with other high ups, it becomes really hard to trim the fat and throw the dead weight overboard off the company payroll. This runs the risk of stagnation with the group and another group will take advantage of this

That is just a few off the top of my head.

 

[Cadet133]

Advantages:

• Potentially more understanding of issues that come up with delivering health care than an MBA who only focuses on the numbers
• I personally liked being in a physician run group because the leader of the group would sometimes pick up shifts to help out. This got me face to face with them where I could become closer to the high up's in the group and have my voice heard. Hell, I was upset about our pay structure and one day at lunch after listening to all of us talk about it he met with the board and next month it was changed.
• Odds are, less bureaucratic BS. Less online modules that you just click through quickly
• Usually these groups are not to big on bloat and filling the ranks with non medical individuals. This gives you an opportunity for quick advancement in the company.

Disadvantages

• Sometimes physicians are terrible business people. As a result, they can burn bridges or not understand how to market the group correctly.
• This type of structure gives junior doctors the impression that the group is less likely to screw them. Believe me, there are greedy people everywhere, including physicians who run groups.
• Sometimes the old people in the group are the ones who are high up in the company despite a complete lack of production for the company and a lack of any good business sense. Because these people are often friends with other high ups, it becomes really hard to trim the fat and throw the dead weight overboard off the company payroll. This runs the risk of stagnation with the group and another group will take advantage of this

That is just a few off the top of my head.

Very informative thank you.