Financial Returns Off for HMO Contracts
No one ever said dealing with HMOs was easy; in fact, physicians whose staff negotiates with payers on a daily basis can attest to the fact that financial returns are less than expected.
This and other findings were reported in the 15th Annual Health Care 2000 report from VHA, Inc. and Deloitte & Touche. More than half of respondents (58 percent) said managed care has negatively impacted their overall financial success.
It's not all bad news, however; 25 percent of respondents said they experienced favorable results in light of rising costs and more patients.
To offset losses, VHA reports that physicians are approaching their practices with a higher-minded business approach through a 'consumer-centric business model.' In this scenario, patients are charged for access to certain specialists and higher-dollar treatments--if patients are willing to pay more for these services.
Voice of the Editor
What makes a company a great place to work? Experience, a ConnectEDU company, uses criteria that include benefits, career advancement opportunities, culture, and work/life balance to form its annual list of the Best Places to Work for Recent Grads. BDO USA and Ernst & Young both made the Top 25 list. Read what makes these firms stand out and find out what can be done at your firm to entice college grads.