Physician practices are a key component of the U.S. health care system. According to the text, a significant amount of revenue that the health care industry generates can be directly linked to the care that physicians provide for their patients. In addition, physicians in a medical practice add to this revenue stream by admitting patients to a hospital, prescribing prescription medication, ordering home health services and medical equipment, and referring their patients to other health care providers for care and treatment. As a future health care administrator, it is important for you to demonstrate an understanding of the challenges and opportunities that today’s physicians face in providing quality health care services.
Write a 4–6 page paper in which you:
Determine physician competencies, HRM functions, and marketing strategies a group practice must assume to ensure long-term success of the practice
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