October 15, 2014
Asset or Liability? How Your Residency Programs May Affect Your Competitive Standing
At its core, value-based medicine is all about aligning physician and hospital costs with the quality and effectiveness of care. But all too often, providers ignore the impact of one of their greatest workforce resources: residency programs. In many environments, residents deliver much of the front-line care in hospitals, emergency rooms and in employed primary care practices. But who is measuring your residents’ unique contribution to quality and costs? Can you assess how resident-delivered care affects your bottom line? And here’s the kicker: Will subsidized medical education continue to be a given in the future, if residency programs fail to…
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