Hospital-physician joint ventures: A strategic approach for both dimensions of success

Academic Article

Abstract

  • Joint ventures between hospitals and the physicians on their medical staffs have produced successes and failures. Each joint venture has two different dimensions of success - financial and collaborative. The most successful ventures are able to accomplish both of these often confliucting goals. To enhance hospital executives' success in joint ventures with physicians, a strategic approach with a series of six steps and their corresponding models or maps is proposed. The steps in this strategic approach are: (1) identify key stakeholders and linkages among them; (2) surface stakeholder conflict using problem-oriented maps; (3) diagnose the venture on both dimensions of success; (4) classify the venture using both dimensions of success; (5) select a strategy to optimize the venture's current potential for success; and (6) select an approach to transform the venture with limited potential for success.
  • Authors

    Published In

    Author List

  • Blair JD; Slaton CR; Savage GT
  • Start Page

  • 3
  • End Page

  • 26
  • Volume

  • 35
  • Issue

  • 1