Co-management arrangements have emerged as a powerful tool to foster this collaboration within key service lines, such as Cardiovascular, Orthopedics, Oncology, Gastroenterology and Ambulatory Surgery Centers (ASCs).
Discover how hospitals and physicians can join forces to elevate performance, improve outcomes, and reduce costs. Our whitepaper breaks down the co-management model—explaining how shared leadership and aligned incentives can transform your service line operations.
Learn how the right structure creates lasting impact for your organization and your patients.
Co-management arrangements have emerged as a powerful tool to foster this collaboration within key service lines, such as Cardiovascular, Orthopedics, Oncology, Gastroenterology and Ambulatory Surgery Centers (ASCs).
Collaborative structures to drive clinical excellence, operational efficiency, and shared financial success.
In today’s rapidly evolving healthcare environment, hospitals and physicians need to coordinate their efforts to achieve better patient outcomes, streamline operations, and grow program volumes. Co-management arrangements have emerged as a powerful tool to foster this collaboration within key service lines, such as Cardiovascular, Orthopedics, Oncology, Gastroenterology and Ambulatory Surgery Centers (ASCs) Let our healthcare consultants show you how co-management can transform your process, reduce costs, and grow revenues and market volumes—all while enhancing quality of care.
How Does Service Line Co-Management Work?
The co-management model is often seen as a way to align incentives between physicians and hospitals, as both parties share in the financial and operational success of the specialty service line. In these arrangements, everyone can work in harmony to improve patient outcomes, increase efficiency, and reduce costs through shared decision-making and the integration of clinical expertise and facility competence.
By implementing the proper structure, a service line co-management arrangement can allow physicians to partner with hospital leadership in managing the clinical operations, business development, and quality improvement aspects of the service line and be appropriately compensated.
The hospital can provide the facilities and support services, such as IT, data analysis, marketing, and human resources, as necessary. The physicians, meanwhile, can be responsible for providing medical oversight and other aspects of co-management, including clinical medical directors, strategic planning, bringing new physicians to grow the program, development of “through-put” processes, development of clinical protocols and equipment/materials management insights.
These agreements, when handled correctly, work to align the goals of all parties. Physicians take an active role in the management of clinical operations, while hospitals provide the necessary resources and support. Both share the responsibilities of management, as well as the financial rewards of improved performance.
Benefits of Co-Management Arrangements
For Healthcare Systems
As healthcare systems face increasing pressure to improve outcomes and reduce costs, co-management offers a strategic solution: By bringing physicians into leadership roles, hospitals can better align clinical and financial goals, ultimately leading to higher quality care and greater operational efficiency.
The Primary Goals of Co-Management are to . . .
Benefits of Co-Management Arrangements
For Hospitals and Physicians
Co-management arrangements are formal agreements between hospitals and physicians to jointly manage a specific service line or department. The structures are designed to harness the strengths of both hospitals and physicians, creating a partnership that drives mutual success. The goals are the same for all parties, though certain benefits tend to be more appealing for different stakeholders, depending on their specific priorities and needs.
The Key Benefits of Co-Management for Hospitals include . . .
The Key Benefits of Co-Management for Physicians include . . .
Let’s Start the Conversation
G2 Group consultants are equipped with real-world leadership experience across all aspects of the healthcare industry. Schedule a discovery session to start exploring your options!
Would Co-Management Make Sense for You?
Are you looking to improve clinical outcomes and patient satisfaction in your service lines? By aligning the goals of physicians and hospital administration, we can address operational challenges and enhance performance for long-term growth. There are various models of co-management, each tailored to the unique needs of the healthcare organization and the interests of the physicians. In general, though, a typical co-management agreement includes these critical components:
Are you interested in exploring innovative ways to drive growth and profitability in your healthcare organization? Co-management agreements typically involve a combination of base compensation components and incentive/performance bonus components. As with all aspects of a co-management agreement, the best solution is the one that supports the interests of all parties. Finding a common ground is critical for building an enduring and profitable partnership.
With a proactive approach and consultant-driven process, your system can become even more successful.
G2 Group Co-Management Consulting
At G2 Group, we understand that each healthcare organization is unique, with its own challenges, goals, and culture. That’s why we offer customized co-management consulting solutions designed to meet the specific needs of your hospital or health system—working closely with your leadership team and physicians to develop a co-management arrangement that aligns with your unique goals and resources.
Our approach begins with a deep understanding of your organization’s current operations, strategic objectives, and desired outcomes. Whether you’re looking to enhance a specific service line, improve operational efficiency, or achieve greater alignment between physicians and hospital administration, our tailored solutions are designed to deliver measurable results.
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