Medical Practice Management
Apr 01

Individual interests must take a backseat to group success

The traditional group practice must mature beyond its members’ me-first attitude. This maturity should evolve naturally, but the elements of individualism and competitiveness built into medical practice argue against it. Members must learn to curtail individual interests in favor of the group’s greater interests.

Here are some suggestions to help you in this process:

  • Conduct peer evaluations. All members of your staff, including the physician partners, can benefit from this process. The constructive suggestions for individuals will help the group as a whole.
  • Offer training. Group members may require training in social competencies and other crucial aspects of collaboration stunted by fierce intellectual effort of completing medical training.
  • Encourage support. Group members need to learn a more supportive and nurturing approach to practice problems, and they are more likely to do this if you set the example.
About Reed Tinsley, CPA

As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read more →