Physician alignment is a key strategic objective for our hospital. Our Cardiology program has been a major service line over the years and continues to grow. I am interested in a better alignment than just an employment agreement. With today’s cost and quality pressures we are looking at options to align our program to meet the goals and objectives. We want to continue a program that both benefits the hospital and physicians.
Has anyone had success with a co management agreement with any service line. The importance of aligning the physicians is for program expansion, quality and efficiency objectives. What is the best incentive structure that appropriately rewards the achievement of positive and sustainable change?
What are the benefits of this type of agreement?
What are some the challenges to look for?