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Not all Money is Green: Don’t Confuse Hospital Loans With Stipends |
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What does China’s foreign policy have to do with hospital financial support? More than you’d think.
I recently read a news article about China’s efforts to expand its economic and political power into the regions west of its country, in particular into Afghanistan, Pakistan, and India.
As opposed to the model favored by the U.S., in which outright grants of cash, that is, foreign aid, is extended, China is loaning those countries billions of dollars to build infrastructure, but with a twist: the infrastructure is built out using Chinese companies, Chinese materials, and, in many cases, Chinese labor.
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| Instead of the result that China hoped to achieve, pulling Afghanistan, Pakistan, and India more into their political sway, it turns out that those infrastructure projects are putting those countries into significant debt and causing significant ire. Projects, such as light rail, are running way over budget and will never pay for themselves: The ticket prices that would have to be charged just to break even are way outside the budget of the local population, so usage will have to be subsidized, causing a loss on top of the fact that the countries will have to pay China back.
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| Tuesday - Success in Motion Video: Hospital Abandons Physician ASC Partners |
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| Take a seat while Mark discusses a hospital’s announcement that it’s closing down its physician joint venture ASC. Was it really their decision? Of have the physician partners realized that they no longer need the hospital? |
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| Wednesday - Medical Group Minute Video: Far Too Friendly Physician Pleads Guilty in $60 Million Healthcare Fraud |
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| What’s your medical license worth? Charles R. Leach, M.D., who practiced for close to four decades, surrendered his. I assume that he’ll soon be surrendering his freedom, too. |
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| Thursday - Podcast: How to Put Your Finger on The Scale of Patient Satisfaction |
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| Patient satisfaction surveys are becoming a real part of reimbursement, driving a significant percentage of money. |
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| Books and Publications
We all hear, and most of us say, that the pace of change in healthcare is quickening. That means that the pace of required decision-making is increasing, too. Unless, that is, you want to take the “default” route. That’s the one is which you let someone else make the decisions that impact you; you’re just along for the ride. Of course, playing a bit part in scripting your own future isn’t the smart route to stardom. But despite your own best intentions, perhaps it’s your medical group’s governance structure that’s holding you back.
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| In fact, it’s very likely that the problem is systemic. The Medical Group Governance Matrix introduces a simple four-quadrant diagnostic tool to help you find out. It then shows you how to use that tool to build your better, more profitable future. Get your free copy here.
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| | | | | Whenever you're ready, here are 4 ways I can help you and your business:1. Download a copy of The Success Prescription. My book, The Success Prescription provides you with a framework for thinking about your success. Download a copy of The Success Prescription here.2. Be a guest on “Wisdom. Applied. Podcast.” Although most of my podcasts involve me addressing an important point for your success, I’m always looking for guests who’d like to be interviewed about their personal and professional achievements and the lessons learned. Email me if you’re interested in participating. 3. Book me to speak to your group or organization. I’ve spoken at dozens of medical group, healthcare organization, university-sponsored, and private events on many topics such as The Impending Death of Hospitals, the strategic use of OIG Advisory Opinions, medical group governance, and succeeding at negotiations. For more information about a custom presentation for you, drop us a line.4. If You’re Not Yet a Client, Engage Me to Represent You. If you’re interested in increasing your profit and managing your risk of loss, email me to connect directly. |
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