Physician Practice Management summary

90-day action plan

Development of the strategic management team. The team will include executives, physician leaders and service line managers who will be involved in the brief development and also be fully accountable in the implementation phase. They will communicate these strategies to the down teams and help the CEO identify places of budget cuts.
Budget cut of 15 -20% within the first sixty days. Organizational chart development to identify leaders and teach groupings. Data will be a critical aspect of the decision making. The salary slash across the board is not practical; instead, doing away with redundant physicians will have less impact.
Improving physician satisfaction through involvement and enforcing a patient focused model.
Deployment of cost-effective marketing and advertisement to communicate the shift in the customization of care where patients can access a physician of their choice as a primary care officer attached to a medical pod.
Increasing the service portfolio offered in the facilities to include orthopedic implant revision, interventional cardiac surgeries, neuromuscular diseases, and management of chronic diseases can provide a critical new source of revenue to help MLF.
Introduce new bonuses based on quality and not quality as it had been. This refocuses the motivation of the workforce to be more quality oriented.

Steps Be Taken by Liberty Medical Group at The Level of Senior Leadership

Cut Costs.
Reduce specialists.
Change organizational model to be patient based and quality based.
Organic campaigns to consistently communicate the aspect of services being based.
Gradual increase of the fee to reflect the premium nature of the services offered by the new LMF.

 
 
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