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Article Abstract:

Prime Health, the medical management services organization of the Lake Hospital System in Cleveland, OH, has attracted many physicians who value their independence. The Lake Hospital System is an alliance of the LakeEast and LakeWest hospitals, Cleveland's two remaining independent hospitals. The two hospitals have a core of 164 doctors in their physician-hospital organization, and are associated with an independent physicians' organization that provides access to about 500 more doctors.

Medical Management Services, Health care industry, Lake Hospital System, Prime Health (Cleveland, Ohio)

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The gold standard

Article Abstract:

Financial analysts believe PhyCor Inc. to be the most promising publicly traded physician management company due to its selective growth strategy. PhyCor has posted a compound annual growth rate of 50% since 1990, with 18% same-clinic revenue growth in 1995. PhyCor manages 40 affiliated clinics, ten of which it acquired in 1995 and 7 more as of September 1996. PhyCor's earnings per share have increased from 41 cents to 61 cents between 1993 and 1995.

Hospital Management, Finance, Hospital management companies, Hospital administration, PhyCor Inc., PHYC

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How to avoid pitfalls in hiring a management firm

Article Abstract:

There are several issues to consider when physicians hire a practice management company. Physicians should know the services that they desire before hiring a particular firm. Other physicians' practices supervised by the potential practice management firm should be examined and references should be checked. A contract should protect the physicians' rights and the correct management structure should be chosen.

Management Support Services, Administrative Management and General Management Consulting Services, Interpretation and construction, Medical offices, Management contracts

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