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Are You Building a Culture of Practice Ownership?

We believe that the single most important factor in building a successful and sustainable hospital medicine practice is ensuring that the hospitalists are engaged in “owning” the success or failure of their practice and the perceptions of their customers – whether or not they are owners in the legal sense. 

Take this quick quiz to determine how you are doing at providing the infrastructure, processes and support necessary to foster an ownership mindset among the hospitalists in your practice. 

Which of the following are in place in your hospital medicine practice?
Not
Really
A Little
Pretty Good
100%
1. A formal framework is in place for the hospitalists to participate in annual goal-setting for the practice.
2. The practice has an internal governance structure that encourages the hospitalists to participate in solving problems and making decisions about how the practice should operate.
3. The hospitalist physician practice leader sits on the Medical Executive Committee or is otherwise an active participant in medical staff leadership.
4. A forum is in place to encourage direct dialogue and problem-solving between the hospitalists and their program’s stakeholders (e.g., referring physicians, surgeons, nursing staff, etc.).
5. The hospitalists are empowered to make decisions as a group regarding scheduling and workload allocation, and have been delegated the responsibility for developing their own work schedule.
6. The hospitalists have significant input into the staffing levels required to operate the program (both provider staffing and support staffing).
7. A hospitalist compensation model is in place that links the hospitalists to the economic consequences of their staffing, scheduling and workload allocation choices.
8. The hospitalists get regular, consistent feedback on their performance on a variety of clinical and operational metrics, via a dashboard or report card.
9. The hospitalist compensation model effectively aligns hospitalist incentives with those performance metrics the organization has identified as being most important
10. There is a formal leadership development plan in place for the physician practice leader, which includes continuing leadership education, as well as mentoring and/or coaching opportunities.
11. The hospitalists are expected to assume primary responsibility for sourcing and recruiting new doctors to the practice, even when there are organizational physician recruitment resources available.
12. The organization is committed to recruiting self-motivated, accountable, entrepreneurial hospitalists who are a good fit for the practice, even if it sometimes means waiting longer to fill a position.

Your quiz responses are completely anonymous unless you choose to provide your e-mail address below, in which case we will be happy to respond personally within a couple of days.

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