After some years experience with an integrated health

Assignment Help Finance Basics
Reference no: EM13479209

Building the Physician Organization (a large, established medical group)

After some years experience with an integrated health system, you apply for a post as executive director of a new moderate-sized physician organization attached to one of the system's hospitals. You will be interviewed by a panel of the governing board, including several physicians representing primary and referral specialties. About a week before the interview, the spokesperson for the search committee tells you:

We want to build a group that attracts the best doctors and makes quality a habit. We want a say in our destiny. And we want to make competitive incomes, and take paying patients from all forms of insurance. We've gotten everybody signed up, both legally and emotionally, on those ideas.

We think we have good doctors, and we have good malpractice records, thank heaven. But we haven't really gotten into some important questions we know we'll have to address, such as how big we should be, how we should control our referral specialist numbers, and what specialties we ought to include.

We copied the hospital's credentialing system verbatim, and we're not sure that's all we need because it doesn't do much for outpatient care. Some doctors think we should have specialty departments like the hospital, others want geographic directors or leaders, and frankly a lot would like total autonomy.

Now we are in the pay-for-performance era. The system is giving us HEDIS reports, a bunch of patient satisfaction data, and some process measures like scheduling delays. We're doing okay on these, but the system says they want benchmark performance on a bunch of them within three years. They also give us cost reports that show we are a little over the system average for many common problems. They want overall costs down 15 percent in two years. Some of our doctors think these goals are impossible, but the system shows us data from other cities and competitive information where the goals have already been met. We think we're going to have to meet those goals, but honestly I don't have a clue how we'll do it.

Tell us how we should organize to get all this done.

From your experience with the system, you know the search spokesperson outlined the right agenda. The market is demanding cost and quality improvement, and the system will not tolerate much failure on the goals. You decide to outline your response in detail, making sure you hit all the points and give answers that will get you the job as well as establish a basis for doing the work.

Reference no: EM13479209

Questions Cloud

Cramer industries has identified several investment : capital budgeting and dividend policiescramer industries has identified several investment opportunities that will
The new clubs will also require an increase in net working : mcgilla golf has decided to sell a new line of golf clubs. the clubs will sell for 733 per set and have a variable cost
A serious critical assessment of the gilgamesh story must : a serious critical assessment of the gilgamesh story must include consideration of both the offensive gilgamesh
The bond has a par value of 1000 matures in 2 years and : claus amp company is planning a zero coupon bond issue. the bond has a par value of 1000 matures in 2 years and will be
After some years experience with an integrated health : building the physician organization a large established medical group after some years experience with an integrated
When i was in high school i took up computer science as a : i already attached the requirement information for statement of purpose so you can read it.also i described my own
The return on the market portfolio is currently 12 mobile : the return on the market portfolio is currently 12. mobile phone corporation stockholders require a rate of return of
After careful financial statement analysis we obtain these : after careful financial statement analysis we obtain these predictions for colin technologyyearnet incomebeginning book
A project has sales of 462000 costs of 274000 depreciation : a project has sales of 462000 costs of 274000 depreciation of 26000 interest expense of 3400 and a tax rate of 35

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd