By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    improving patient experience
    6 Ways to Improve Patient Satisfaction Within Hospitals
    December 1, 2021
    degree for healthcare job
    What Are The Health Benefits Of Having A Degree?
    March 9, 2022
    custom software development is changing healthcare
    Digital Customer Journey Mapping and its Importance for Healthcare
    July 21, 2022
    Latest News
    Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
    May 16, 2025
    Learn how to Renew your Medical Card in West Virginia
    May 16, 2025
    Choosing the Right Supplement Manufacturer for Your Brand
    May 1, 2025
    Engineering Temporary Hospitals for Extreme Weather
    April 24, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    Can Thinking Younger Make You Live Longer?
    April 20, 2011
    Image
    Obesity’s Outlook Unchanged
    June 13, 2011
    When It’s An Emergency Elderly Not Treated As Well in Hospitals
    July 16, 2011
    Latest News
    Building Smarter Care Teams: Aligning Roles, Structure, and Clinical Expertise
    May 18, 2025
    The Critical Role of Healthcare in Personal Injury Recovery: A Comprehensive Guide for Victims
    May 14, 2025
    The Backbone of Successful Trials: Clinical Data Management
    April 28, 2025
    Advancing Your Healthcare Career through Education and Specialization
    April 16, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Collaborative News
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Finance > Collaborative News
BusinessFinance

Collaborative News

Ken Cohn
Last updated: December 22, 2014 9:11 am
Ken Cohn
Share
4 Min Read
SHARE

I entitled this post “Collaborative News” because of two articles that caught my attention.

Contents
Collaborative News: How Not to Cut Health Care CostsCollaborative News: How Not to Cut Health Care CostsCollaborative News: Strategies for Physician Engagement and Alignment

Collaborative News: How Not to Cut Health Care Costs

This article by Harvard Business School faculty Robert S. Kaplan and Derek A. Haas (Harvard Business Review November 2014, Reprint R1411G) draws attention to missteps that add to the cost of treatment:

I entitled this post “Collaborative News” because of two articles that caught my attention.

Collaborative News: How Not to Cut Health Care Costs

This article by Harvard Business School faculty Robert S. Kaplan and Derek A. Haas (Harvard Business Review November 2014, Reprint R1411G) draws attention to missteps that add to the cost of treatment:

More Read

HIPAA Challenges
Nursing Homes Compare Website Adds Valuable Consumer Information
Pick a Horse and Other Sage Advice About Leadership Decisions
Baystate Staff Cuts Highlight Hospital Demographic Challenges
FDA Approves Middle of the Night Sleeping Pill–Treatments Are Getting Specific–Is This Personalized Medicine?
  • collaborative health newsCutting back on support staff: specialists’ time averages 10 times the cost of their assistants’ time; effectively integrating assistants into patients’ care frees up senior clinicians to work at the top of their license, leading to higher quality care at a lower cost per patient
  • Underinvesting in space and equipment: increased spending on relatively inexpensive equipment is paid for by the savings from reducing the idle time of more expensive staff members and improving responsiveness to patients’ conditions
  • Focusing narrowly on procurement prices:focusing narrowly on negotiating price causes organizations to lose sight of how individual clinicians consume supplies and miss opportunities to lower spending even further
  • Maximizing patient throughput: measuring physicians’ productivity by patients seen rather than quality delivered causes them to skimp on items like counseling and expectation-setting; organizations in the lowest quartile of costs spent more time educating patients and families about discharge planning than those in the highest quartile
  • Failing to benchmark and standardize: actively engaging clinicians in cost-management allows them to learn the drivers of the entire cycle of care from diagnosis through treatment and recovery; sharing data between administrators and clinicians fosters innovations that simultaneously cut cost and improve quality

Collaborative News: Strategies for Physician Engagement and Alignment

This 26-page HFMA Value Project Report contains member surveys and suggestions to optimize engagement and alignment, for example, regarding physician employment (p.6) :

  • Employment does not equal alignment. Physician employment is not a shortcut around the hard work and investments of time and resources required of both health systems and their physicians to align themselves around common organizational goals.
  • Clear and consistent communication on expectations is critical. “It is extremely important to set expectations from the beginning and then follow up on a regular basis,” according to one respondent.
  • Know your organization’s needs and have a strategy in place before you start. “It is far better to determine needs, identify positive attributes, and recruit physicians than to simply employ any physician who shows up at your door,” a respondent says.
  • Consider employment needs beyond physicians. If acquiring a practice, consider who beyond the physicians has been important to the practice’s success: “It is a good idea to evaluate the staff to determine who else should be included in the employment,” according to a survey respondent.

Another example (p. 13) regarding key considerations for physician compensation plans recommends to:

  • Create mechanisms to engage and encourage physician leadership
  • Incorporate quality metrics
  • Build flexibility to allow for gradual increases in the amount of compensation tied to quality
  • Refocus incentives to include team goals
  • Understand the legal parameters of structuring these plans

I recommend that you read this article in its entirety.

As always, I welcome your input to improve healthcare collaboration where you work.  Please send me your comments and suggestions for improvement.

collaborative health / shutterstock

Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

Clinical Expertise
Building Smarter Care Teams: Aligning Roles, Structure, and Clinical Expertise
Health care
May 18, 2025
Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
Health
May 15, 2025
Learn how to Renew your Medical Card in West Virginia
Learn how to Renew your Medical Card in West Virginia
Health
May 15, 2025
Dr. Klaus Rentrop Shares Acute Myocardial Infarction heart treatment
Dr. Klaus Rentrop Shares Acute Myocardial Infarction
Cardiology
May 13, 2025

You Might also Like

Using SlideShare Infographics to Create an Unforgettable Visual Voyage

November 7, 2014

Health Start-Ups! – ACA Will Help Self-Employed and Would-be Entrepreneurs

June 2, 2013
clinical trials
Business

Top 3 Reasons People Participate in Clinical Trials

October 20, 2014
MiraMed webinar
FinanceHealth Reform

Top at Risk DRG’s in the Post ICD-10 Era & How to Proactively Address Coding Challenges

September 28, 2015
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?