Wisdom. Applied.

As humans, we’re primed by evolutionary forces to fear the loss of something much more than we value an equivalent gain.

Have you considered the impact of contingency fee thinking on your business?

Have you considered the impact of contingency fee thinking on your business?

Call them mental models, call them viewpoints, the point is the same: the box in which we conceive of what’s possible serves as an artificial barrier that confines our thinking.

What’s a relationship worth to your business, whether your business is a medical practice or a healthcare facility such as an ASC or an imaging center?

Mark discusses the fact that trends, even those that seem modern, such as home delivery of fully prepared meals, are simply history repeating itself or, at least, rhyming. Understanding this facilitates your exploitation of trends in healthcare.

We were talking about the people that we had separately observed at concerts who, instead of actually watching the concert, were filming the concert on their phones. In essence, they weren’t watching the concert live, they were watching a video screen of the concert.

What does China’s foreign policy have to do with hospital financial support? More than you’d think.

Sure, you can buy a new 2019 Bentley Continental GTC for around $300,000. But you can pick up a gently used 2016 model for around half the price. But did you know that the same bargain can be had on a slightly used ambulatory surgery center?

Last fall, Milford Hospital, located in Milford, Connecticut, announced that it was exploring a merger with Bridgeport Hospital, part of Yale New Haven Health.

Hospital systems across the country suffer from bloated fixed costs, huge payrolls, layers and layers of bureaucracy, and management by managers, not by entrepreneurial thinkers.

What you think is permanent is only temporary. How temporary is the question.

As more physicians rush to invest in ASCs, unscrupulous facility promoters/managers scheme to separate physician investors from their money.

Driverless Cars And The Impending Death Of Hospitals by Mark F. Weiss

Several years ago, I read a review in a magazine for consultants of a new book by an “expert” who advises that since business now moves at the speed of light, the “old” strategic question of “where do you want to be X years from now?” must now be “where do you want to be a few days from now?”

In the Wild West days of the 1980s and 90s, it wasn’t uncommon to see as many medical directors receiving stipends from a hospital as there are aspirins in a Costco-size bottle. There were medical directors of this and medical directors of that. All designed, of course, to cement or bond or align (which, in 1990, was a word chiefly applied to automobile wheels) physicians who directly or indirectl...

For years, hospitals have pushed to “align” physicians. Take a ride with Mark as he talks about a reversal in the trend: As what were hospital cases now flow out to independent ASCs, hospitals are begging to be aligned with physicians. But why allow a hospital to be a partner in your ASC deal?

They say that a journey of 1,000 miles starts with a single step. Note that the saying doesn’t discriminate between heading in the right direction or the wrong direction.

We all place a different value on what we receive and we’re willing to pay a comparable price. It has nothing to do with the cost to the producer or provider.

We still love you but, hey, we’re in love with someone else who spends less on clothes stipends.

Conflicts of interest. Everyone’s talking about them. Do you have one? They’re apparently bad. Or are they?

We kids joked that “new math” was going to make 1 plus 1 equal 3. Despite our teacher’s inability to conceive that it ever could, in the domain of medical group mergers 1 plus 1 can equal 3.

Let’s say that you’re the CEO of a hospital with fifty or five hundred employed physicians. Who’s your competition? The hospital five miles down the road?

One thing’s for certain, it will be no more walk in the park for the seven defendants convicted for their roles in a bribe and kickback scheme.

Depending on the circumstances, there might be ways to legally structure deal participation on the part of referring physicians. On the other hand, some deals just stink from the start. The problem, of course is determining which is which.