The Role Of Accountable Care Organizations And Physician Joint Ventures

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Accountable Care Organizations and Physician Joint Ventures
The relationship between physicians and hospitals is very important. If the relationship between the two is negative then the organization cannot be successful and can fall to the ground. If the relationship is positive then the organization becomes successful. Physicians bring business to the hospitals with their clinical experience, with the patients they see, by admitting them or performing procedures, and decide on what type of supplies and services will be used (Harrison, 2016). Both, physicians and hospitals are competitive, but physicians have more responsibilities, so they have a bigger role to play. Not only do physician bring in patients, services, and supplies, but they
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When two organizations come together to build one, it can become very successful. Physicians are more involved then hospitals and this is because they bring in all the patients, are treating the patients, ordering the supplies, choosing the staff and must deal with all the complaints and comments from patients and their families. The way care is delivered depends on how the physicians and hospitals work together. It is essential that the two organizations focus on improving quality, costs, outcomes, access, and patient satisfaction. There are strategies that can be followed to help hospitals integration with physicians become more successful. The 12 strategies to guide integration efforts are:
1. “Understand the forces affecting physicians; design, strategic offerings to meet the needs of local physicians.
2. Understand the hospital or health system’s specific capabilities and infrastructure in the context of the communities served.
3. Ground physician-integration efforts on a well-defined strategic financial plan with sufficient resources and performance targets.
4. Ensure strong physician participation, leadership, and governance.
5. Use technology to connect with physicians.
6. Ensure objective assessment of organizational readiness for value-based care transformation efforts, including a formal clinical integration program.
7. Used a disciplined, integrated approach to practice acquisition
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