Mistakes to avoid when planning managed care strategies

Many hospital executives who form health maintenance organizations to attract managed care contracts fail due to a lack of strategic focus. They fail to evaluate their market position in terms of their organization's reputation, managed care services offered and competitive strength. Among the other mistakes in planning managed care strategies are the failure to set strategy priorities and failure to hire individuals with managed care expertise and background.
Hospital executives, steeped in hospital business traditions, sometimes fall victim to those traditions when planning their managed care strategies. They may fail to sufficiently evaluate their hospitals' market position or [...]