Why Physicians Need to Be a Part of Cost Saving Conversations? Physician Engagement in Cost Savings

To find out more about physician engagement in cost savings PLEASE visit: https://www.thehealthcareleadershipexperience.com/

The video is all about physician engagement in cost savings but also try to cover the following subject:
-Hospital margin management
-Engage Physicians In Cost Savings
-Hospital management
-Why is physician engagement important?

Here’s why our team is so successful in engaging physicians in cost savings initiatives:

- Organized approach:

Physicians are scientists who need to trust us to be on board.

We provide their data and their utilization and their spending in a well-structured way that makes sense.

- Involving them in the decisions:

We don't look at changing physician practice unless there's a specific initiative around a standardization event.

We provide the physicians with the spend data, insights into the marketplace, and the options we have.

That’s how we make them part of the strategy.

A study found a 14.2% cost variance from the physician who had these cost insights to those who didn't.

That’s why we put so much emphasis on having physicians part of cost conversations.

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If you would like to find out more concerning hospital margin management I suggest you check out our other videos: https://www.youtube.com/channel/UCB1WOnv5GlYGf39sMzrU6gw
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