Why Should Physicians Care About Hospital Finances?

Published November 2009

Why should the medical staff care about helping management achieve its financial goals? After all, isn’t the role of the medical staff to practice clinical medicine in an evidence-based manner and for management to count the beans and manage the books? Particularly, why should physicians in community practice care at all? Isn’t the object to capture as much revenue as possible while reducing costs, regardless of what the hospital decides to do? Authored by Jon Burroughs, MD, MBA, FACPE, CMSL, senior consultant with The Greeley Company, this white paper provides a roadmap to help you improve working relationships and professional understanding at all levels of the organization, ultimately leading to more successful physician practices, a more successful hospital, and better care for the community.

*MAGNET™, MAGNET RECOGNITION PROGRAM®, and ANCC MAGNET RECOGNITION® are trademarks of the American Nurses Credentialing Center (ANCC). The products and services of HCPro, Inc. and The Greeley Company are neither sponsored nor endorsed by the ANCC

HCPro, Inc. and The Greeley Company are not affiliated in any way with The Joint Commission, which owns the JCAHO and Joint Commission trademarks, the Accreditation Council for Graduate Medical Education, which owns the ACGME trademark, or the Accreditation Association for Ambulatory Health Care (AAAHC).