decisionhealth Newsletters, Part B News - 2020 Issue 1 (January)
2020 strategic planning strategy, part 2: Avoid threats to your business, pursue strengths
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Article Overview
This business-focused article for medical practice leaders and clinicians continues a 2020 strategic planning series by exploring how to anticipate market and partnership threats and how a new solo practice approaches early operational decisions. It highlights general planning themes such as competition, payer relationships, credentialing, budgeting, staffing, and practice development, with comments from physician leaders and a start-up practitioner.
Why This Topic Matters
Medical practices face rapid changes in competition, payer arrangements, and operational demands. This article is relevant to readers who want a broader understanding of how strategic planning concepts can support practice stability and growth.
Article Sections
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What’s the threat?
Introduces the article’s discussion of external risks and strategic planning considerations for a medical practice. Covers broad themes such as competition, payer relationships, and changing business arrangements.
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From the front lines
Describes a solo-practice startup perspective and early practice-management experiences. Focuses on general operational topics including office setup, credentialing, budgeting, staffing, and patient acquisition.
What You Will Learn
- How strategic planning can account for external threats in a medical practice
- Why partnerships and market changes matter to practice planning
- What early operational issues a new solo practice may need to consider
- How a start-up physician approached budgeting, staffing, and growth
- General practice-management themes shared by physician and consulting sources
Who Should Read This
- Physicians
- Practice managers
- Medical group administrators
- Healthcare business leaders
- Solo practitioners
- Healthcare consultants
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