Webinar Discusses Best Practices to Strengthen Hospital-Physician Alignment in the Cardiovascular Service Line
Here are some key points highlighted during the webinar.
Recognize the increased opportunities for cardiovascular service lines with improved alignment. An aligned service line offers hospitals an array of benefits, such as unified leadership and governance, unified vision-strategy, aligned incentives, a single financial system and increased opportunities for a hospital to improve its performance. These opportunities include evidence-based medicine, operational efficiencies and patient satisfaction.
Establish a dashboard. It's crucial that hospital administrators and service line administrators understand what is important to each party. Dashboards allow both structuring a communication plan and learning about each party's financial data and performance. For instance, a service line's financial spreadsheet might involve different criteria than that of a hospital.
Evaluate the reasoning behind the alignment. Good reasons to align with a cardiovascular service line include improving quality of care, reducing costs, improving efficiency, providing additional services to the community and preparing for healthcare reform. Bad reasons, on the other hand, include creating a new referral stream, keeping physicians happy, preventing physicians from referring elsewhere or copying your competitors' strategy to align.
Develop a physician-service line administrator dyad. A dyad refers to a physician leader paired with an administrative leader. The arrangement, which can also be called physician-led or professionally managed, takes the disciplines of physician and administrator to improve the quality of decisions made in every level of the organization. In a completely integrated enterprise, for instance, there would be a physician-administrator dyad for each department or function, implementing a unified strategic plan.
Become familiar with both the internal and external environment affecting alignment strategies. Along with cultural insights and group dynamics, service line and hospital leaders will want to examine environmental factors influencing their relationship. Internal environment factors include key specialty issues, physician-administration rapport, information systems, operational efficiencies and locations. External environmental factors include government involvement and healthcare reform, relationship with community physicians, system employment of referring physicians, community and patient environment, payor mix and market factors.
Download the Webinar presentation by clicking here (pdf).
View the Webinar by clicking here (wmv). We suggest you download the video to your computer before viewing to ensure better quality. If you have problems viewing the video, which is in Windows Media Video format, you can use a program like VLC media player, free for download here.
Learn more about Paragon Health.
© Copyright ASC COMMUNICATIONS 2017. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.