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The delicate balance of money and physician buy-in

October 28th, 2012

by Karen M. Cheung, FierceHealthcare

Money talks, but who likes talking about money?

Hospital success hinges on physicians and their buy-in on organizational initiatives--whether that's reducing readmissions, improving patient satisfaction or rolling out an entirely new electronic medical record system.

But how do leaders get their attention? Point to the money stacks--or lack thereof.

Although some executives hold profits and losses close to their chests, being transparent about how the hospital is doing lets the medical staff know the successes and the improvements needed in the organization, according to Brian Harte, president of South Pointe Hospital in Warrensville Heights, Ohio.

To learn how hospital leaders can start or better maintain transparency in performance data and finances, read the full article at FierceHealthcare.

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