The downside of giving physicians more bargaining power

Giving additional bargaining power to physicians often comes at the expense of hospital management, according to new data. A study published in the journal Organizational Science concluded that when hospital leadership ceded some power over to medical staff in order to improve retention and compensate for the cost of replacing them, it often came at the expense of bargaining power for hospital management. Such a tradeoff eventually negated the financial and operational benefits derived from cutting down on the efforts required to recruit them. Moreover, many hospitals also changed their governing structure to provide more autonomy to doctors, which also led to managerial issues down the line. Read the full article at FierceHealthcare