Solid Business Planning and Implementation is Key to Health Care's Future

Love, Dianne; Wooten, Kevin C.
December 2002
Click (1532-0391);Dec2002, p6
The article focuses on solid business planning and implementation that are key to health care's future. Beginning with the prospective payment system, the Resource Based Relative Value Scale, managed care, the Balanced Budget Act of 1997, and now the APC payment system, the health care industry has undergone a revolution resulting in institutional reengineering and restructuring. Physicians are the true purchasers of health care services and most physicians receive little or no business training during their medical education. Relatively few physicians pursue formalized business degrees such as an MBA.


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