Managers and physicians come head to head over cost control
Berndtson, K.
Healthcare Financial Management Journal of the Healthcare Financial Management Association 40(9): 23-24; 28-29
1986
ISSN/ISBN: 0735-0732 PMID: 10277511 Document Number: 269887
Although physician services account for approximately 22 percent of personal healthcare expenditures, 70 to 80 percent of all healthcare resources are allocated according to physician decisions. Therefore, physician motives and behavior must be understood by the financial manager. Profit, duty, and self-defense all interact to influence how the physician will respond to a particular situation. Financial managers should play an active role in helping physicians concentrate on the duty to serve the patient's best interests through judicious resource use.