Question

How important is it to involve physicians in financial improvement efforts? What is the best strategy for physician engagement?

Answer 1

Physician engagement is a strategy used to create stable relationships between physicians and health care organisations.Physician engagement helps to improve the patient care with better quality which in turn helps to increase the financial outcome of the hospital. Good quality care leads to more patient satsifaction which makes the patients to visit these physicians again and  improves the financial status of the hospital.Some of the benefits of physcian engagement are;

• they give the hospital 3 percent more outpatient referrals and 51 percent more inpatient referrals.
• engaged physicians have higher productivity rate.
• it reduces referral leakage and builds physician loyalty
• engaged physicians are always commited to the development of the organisations
• they provide additionla revenues via increased referrals.

So, through these ways physician engagement help to improve the financial efforts.

The best strategies for physician engagement are;

1. consistent measurement and understanding of physician needs is improtant to boost physician engagement.

2.always connect the physicians with their meaning in work; laways talk about the good works that they have done in meetings.

3.provide space for them to do decison making;always provide a pathway for the physcian to share their voice.

4.reframe the values and beliefs to turn physician into partners not customers.

5. always try to engage the physician in palnning pahse itself to facilitate better involvement of them.

6. show courage and provide all back up all thw way to the board.