Insider: A Medical Practice Road Trip—Mapping Out Your Mission, Vision and Values
Download MP3In this episode of the MGMA Insider podcast, consultant Ken Hertz discusses how a medical practice can develop its mission, vision and values through strategic planning a taking a cue from mapping out a family vacation.
Highlights from the discussion
Mission: "Your mission is that underlying, guiding foundation, that really sets the tone for the overall practice."
Independent Practices: "In a privately-owned practice, it is the responsibility of the physician owner to develop the underlying mission, vision, and values for the practice. Basically, the practice is their business. They hire managers, to protect their business, to run their business effectively and efficiently, to make sure their business is compliant in the law, but it's ultimately the business owners responsibility to set the direction."
In this episode of the MGMA Insider podcast, consultant Ken Hertz discusses how a medical practice can develop its mission, vision and values through strategic planning a taking a cue from mapping out a family vacation.
Highlights from the discussion
Mission: "Your mission is that underlying, guiding foundation, that really sets the tone for the overall practice."
Independent Practices: "In a privately-owned practice, it is the responsibility of the physician owner to develop the underlying mission, vision, and values for the practice. Basically, the practice is their business. They hire managers, to protect their business, to run their business effectively and efficiently, to make sure their business is compliant in the law, but it's ultimately the business owners responsibility to set the direction."
U.S. Bank Podcast Ad
Cash flow challenges like delayed insurance payments, unpaid patient bills, and rising administrative costs can weigh heavily on medical practices. U.S. Bank understands. That’s why their Business Card Consultants work with practices to improve payment strategies and maximize rewards.
Stop by booth #222 at the MGMA Leaders Conference to learn more, or visit usbank.com/bankerconnect to schedule an on-site meeting with a consultant.
MGMA Analytics Podcast Ad
Are your decisions driven by gut instinct—or by real data? With MGMA Analytics, you’ll have the benchmarking and business intelligence tools to guide smarter strategies. From provider compensation to operational costs, MGMA Analytics delivers the industry’s most trusted data. So whether you’re adjusting staffing, setting salaries, or planning for growth, you can make your next move with confidence. Learn more at mgma.com/analytics.
NotifyMD Podcast Ad
This episode is brought to you by NotifyMD — the patient access solution built for healthcare professionals. You work hard to care for your patients, and NotifyMD helps you do just that. Their communication experts handle calls, schedule appointments, provide nurse triage, and more — all available 24/7. NotifyMD integrates seamlessly with platforms like athenahealth and Epic and meets the industry’s highest security standards, so you can trust that patient information stays private and protected. Learn more at notifymd.com.
This episode is brought to you by NotifyMD — the patient access solution built for healthcare professionals. You work hard to care for your patients, and NotifyMD helps you do just that. Their communication experts handle calls, schedule appointments, provide nurse triage, and more — all available 24/7. NotifyMD integrates seamlessly with platforms like athenahealth and Epic and meets the industry’s highest security standards, so you can trust that patient information stays private and protected. Learn more at notifymd.com.
U.S. Bank Podcast Ad
Cash flow challenges like delayed insurance payments, unpaid patient bills, and rising administrative costs can weigh heavily on medical practices. U.S. Bank understands. That’s why their Business Card Consultants work with practices to improve payment strategies and maximize rewards.
Stop by booth #222 at the MGMA Leaders Conference to learn more, or visit usbank.com/bankerconnect to schedule an on-site meeting with a consultant.
MGMA Analytics Podcast Ad
Are your decisions driven by gut instinct—or by real data? With MGMA Analytics, you’ll have the benchmarking and business intelligence tools to guide smarter strategies. From provider compensation to operational costs, MGMA Analytics delivers the industry’s most trusted data. So whether you’re adjusting staffing, setting salaries, or planning for growth, you can make your next move with confidence. Learn more at mgma.com/analytics.
