Insider: A Medical Practice Road Trip—Mapping Out Your Mission, Vision and Values
In this episode of the MGMA Insider podcast, consultant Ken Hertz discusses how a medical practice can develop its mission, vision and values through strategic planning a taking a cue from mapping out a family vacation.
Highlights from the discussion
Mission: "Your mission is that underlying, guiding foundation, that really sets the tone for the overall practice."
Independent Practices: "In a privately-owned practice, it is the responsibility of the physician owner to develop the underlying mission, vision, and values for the practice. Basically, the practice is their business. They hire managers, to protect their business, to run their business effectively and efficiently, to make sure their business is compliant in the law, but it's ultimately the business owners responsibility to set the direction."
Highlights from the discussion
Mission: "Your mission is that underlying, guiding foundation, that really sets the tone for the overall practice."
Independent Practices: "In a privately-owned practice, it is the responsibility of the physician owner to develop the underlying mission, vision, and values for the practice. Basically, the practice is their business. They hire managers, to protect their business, to run their business effectively and efficiently, to make sure their business is compliant in the law, but it's ultimately the business owners responsibility to set the direction."
Activity