This fall abeo hosted an informal survey to gain perspective from anesthesiologists directly about “What’s Keeping Anesthesiologists Awake at Night?” Participants answered three questions and here is a look at what’s top-of-mind for anesthesiologists.
Top Areas of Focus for Practices in 2017
#1 QUALITY PERFORMANCE AND REPORTING
No surprise here, to quality performance topping this list. The mandated reality of quality initiatives requires a great deal of time to research and interpret into clear directions. Many gray areas still exist when it comes to establishing clear direction for the 2017 Quality Payment Program.
#2 HOSPITAL RELATIONS
abeo is pleased to see hospital relationships top-of-mind with anesthesiologists. All to often we see relations between hospital administration and anesthesia groups that need strengthened. It is critical for hospital administrators to understand the value a particular anesthesia practice offers and the role they play in the delivery of quality healthcare provided to their patients.
Greatest Challenges Practices Face
#1 PLANNING FOR THE FUTURE
Larger anesthesia groups will be accustomed to strategic planning but should check for complacency in this area. When was the last time you had dedicated time outside of a board meeting for strategic discussions? Small to mid-sized anesthesia groups, are most likely facing the greatest challenge when it comes to conducting strategic planning exercises to prepare them for the future. Planning may not have been necessary in the past but is increasingly important industry changes and consolidates.
#2 QUALITY INITIATIVES
Without question, quality initiatives are the #1 topic that is top-of-mind for anesthesiologists and appears second in challenges. Make sure resources are available and timely information is coming your way, as those gray areas become more black and white. Add abeo to your list of resources by joining our email list.
Top Opportunities Practices Feel They Should Pursue
#1 INVOLVEMENT IN PERIOPERATIVE SURGICAL HOME
The buzz on perioperative surgical home has not let up. It makes sense it would appear as an opportunity since many groups have yet to implement plans or actively engage in discussions at the hospital level. Check into the American Society of Anesthesiologists annual Perioperative Surgical Home Summit to be held in June of 2017 if your practice is looking to learn more.
#2 DEFINING THE VALUE OF YOUR PRACTICE
Defining the value of your practice ranks second as an opportunity to pursue. While defining the value of your practice can be interpreted in a few different ways, i.e. what value you provide, the monetary value of a group considering selling, the underlining message boils down to getting a better grasp and understanding of your practice and perhaps your value proposition. The value of your practice matters more as markets become more competitive, anesthesia management companies grow and pressure on hospitals continues to increase.
Where did acquisition of / affiliation with other practices rank among opportunities to pursue? What are other anesthesiology groups focusing on in 2017? Download the full “What’s Keeping Anesthesiologists Awake at Night?” Summary of Survey Results to learn more.
IT DOESN’T END HERE
Keep the conversation going by taking our next survey title, “What’s your next strategic move?” Now through the end of the ASA’s PRACTICE MANAGEMENT™ 2017 conference held January 27 – 29 in Grapevine, Texas abeo is collecting responses and looks forward to discussing your thoughts. Visit abeo at booth 512.