Medical & Surgical Urology
Open Access

Abstract

Optimizing Urology Group Partnerships: Collaboration and Compensation Best Practices

Dana L Jacoby

Market forces in healthcare have created substantial regulatory, legislative, and reimbursement changes that have impacted urology group practices and health systems. Although group operations vary considerably, the majority of groups have struggled with the development of a strong culture, effective decision making, and consensus building around shared resources, income, and standardized care. Creating a sustainable business model requires urology group leaders to allocate appropriate time and resources to address these issues in a proactive manner. This presentation will outline collaboration strategies for creating effective culture, governance and leadership while providing practical suggestions on how to optimize urology group practice performance. Research suggests that successful urology groups and medical institutions have outstanding physician leaders who recognize the importance of creating a common culture built around a strong mission, vision, and set of values. Physicians must understand the value of developing a compensation plan and cultural structure that effectively aligns the incentives of the group in achieving long-term objectives

Published Date: 2020-12-22; Received Date: 2020-12-04