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

Suggested Articles

Anthem beat revenue estimates for the fourth quarter of 2019 thanks to the accelerated launch of its PBM IngenioRx.

Blue Cross and Blue Shield of North Carolina is partnering with Quartet to roll out a value-based payment model for mental health care.

The number of people unable to see a physician due to cost has gone up despite coverage gains from the Affordable Care Act, a new study found.