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Managing margins through physician engagement

Sears, N.J.

Healthcare Financial Management Journal of the Healthcare Financial Management Association 66(7): 44-47

2012

ISSN/ISBN: 0735-0732
PMID: 22788036
Document Number: 658190
Hospitals should take the following steps as they seek to engage physicians in an enterprisewide effort to effectively manage margins: Consider physicians' daily professional practice requirements and demands for time in balancing patient care and administrative duties. Share detailed transactional supply data with physicians to give them a behind-the-scenes look at the cost of products used for procedures. Institute physician-led management and monitoring of protocol compliance and shifts in utilization to promote clinical support for change. Select a physician champion to provide the framework for managing initiatives with targeted, efficient communication.

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