By John Oswalt, MD
There is a perfect storm developing in the field of cardiothoracic (CT) surgery. Surgical volumes are down nationwide and the population of experienced CT surgeons is aging and nearing retirement. Subsequently, this leaves a void of experience for surgeons entering the CT field.
By P. Anthony Long And William Cherry
Over the last couple of years many hospitals and health systems have taken advantage of the numerous opportunities to purchase a primary or specialty care practice. Although the opportunity may be appealing, success is not guaranteed. Acquiring a physician practice goes beyond simply agreeing on a fair purchase price. Before any deal is finalized, there are critical questions surrounding strategic, financial, operational, legal, and regulatory ramifications that must be discussed by the key decision-makers. Not doing so sets up any new enterprise for failure. Here are several factors to consider before signing on the dotted line:
There are a large number of integrations going on accross North America. Some of them are constructed properly and some are set up for failure. In this insightful short video, Jim Palazzo, President of Paragon Health, describes an integration gone bad and the lessons we can learn from it.
By Rob Moss & Mark Hirschfeld
It had looked like a promising partnership. But when it finally got under way, the integration didn’t go well. The physicians and hospital had held high hopes for their aligned efforts, believing that, together, they could achieve greater results in integration. Why, then—with so much promise—did their merger produce such disappointing results?
In this webinar, Mark Driscoll, Vice President at Paragon Health, talks about how to build a systematic process to know your referral base, be visible to your referral base, and grow your base. Driscoll provides eye-opening case studies of practices that made small changes to their program and netted huge gains in financial performance.
