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 the Author

Reed Tinsley CPA

This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on accounting & tax, practice management, and financial planning. Schedule a Free Consultation.