The cardiovascular service line can only prosper in today's competitive environment if it is organized and managed appropriately to maximize its performance. Traditional organization and historical levels of performance must be transformed to meet changing needs. Organizational models are crucial to overall performance of the service line or the joint business venture, and can be a determining factor in the success of a physician/hospital alignment strategy. CFA has found that the revitalized Cardiovascular Institute model can still be a powerful platform for change when matched with the appropriate physician/hospital alignment model.
Organizational models must:
- Serve the overall goals and objectives of the enterprise
- Empower the participating stakeholders with the appropriate authority and responsibility, especially physicians
- Facilitate the accomplishment of performance-based deliverables or targets of opportunity
- Serve as a platform for developing opportunities, including bundled billing and package pricing
- Foster high levels of communication
- Promote managerial excellence
- Foster optimized performance
- Promote efficiency and effectiveness of timely consensus-based decision making
CFA can assist hospitals in selecting and implementing appropriate business models that will facilitate goal congruence between participants, foster consensus-based decision making, further the goals of the enterprise and enhance performance in increasingly competitive markets