At the risk of excess anthropomorphism,
subspecialists --and particularly retinologists --are the high-strung,
raptorial falcons of the profession who need to be coaxed gently to perform at
their best, while general ophthalmologists are the happy dogs of eye care,
comparatively easy to hire, train and manage. Here's a recap of how I apply
these and other lessons to subspecialist management as a practice advisor.
Assessing your actual costs
First of all, make sure you have enough
referral business to internally support a subspecialist. If you have just two
or three average generalists in your current group, the only way you're likely
to support a new retinal surgeon or glaucoma specialist is with external
referrals, which competing generalists may be reluctant to supply, or by having
your new doctor pursue a mixed subspecialty/general practice.
To make this work, you'll need to have
sufficient control over not just practice capacity, but volume as well. If your
practice is spending $150,000 this year to hire a corneal surgeon to bring
LASIK into your practice, you may also need to spend several times that amount
on promotion.
Make sure your practice has high enough
profit margins to support a subspecialist, or be willing to bend your compensation
model. Many multispecialty practices run into a Catch-22 in that retinologists
and others unfavorably compare their retina-only overhead (50% or less) with
the typically higher overhead of a larger mixed group practice (60% or more.)
This works in reverse with lower-producing pediatric or neuro-
ophthalmology subspecialists, who may need to be subsidized by the group or
have a different compensation model applied.
Beyond the base cost of hiring a new doctor,
be prepared to make significant investments in equipment, facilities and
staffing. Spell out for any potential candidates what the budget for technology
and personnel will be. Draw your candidates out as to their expectations. Are
they expecting an open checkbook every year, or do they understand the concept
of applying a cost-benefit analysis to every capital expenditure?
When you're ready to hire
The following strategies will help ensure
that you choose the best person for your practice:
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Be wary of the
very best specialists. It should
be obvious that you wouldn't want to hire the worst candidate. But it's not as
obvious that in most settings you should also avoid the top people in the
subspecialty as well. The smartest, most ambitious and most rarified of
subspecialty providers can be extremely difficult to manage. Subspecialists
with long academic pedigrees can find the transition to the productivity
demands of private practice extremely taxing.
Most of my clients find that hiring from the middle majority rather than the
"top 10 percenters" works best.
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Two may be better
than one. If your practice has a
critical need for any particular subspecialist (let's say you have a large
practice in a rural setting and need an in-town retinologist), you should
ideally have two such subspecialists on board to cover on-call shifts and hedge
against future departures, given the higher turnover rate and greater
recruiting difficulties associated with some subspecialties.
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Don't settle for
the first candidate who surfaces. Get
the largest possible pool of candidates. Send letters to colleagues in the
region, contact training programs, and use the Internet, placement ads and
search firms. Sift through the CVs, and don't discard any out of hand. And
don't overlook mid-career surgeons, who are often much easier to manage than
new graduates.
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Credential
deeply. This can be difficult
with newly-minted fellowship-trained subspecialists, whose only job history is
in an academic setting. Seeking a professor's recom- mendation is a little like
asking an assembly line worker if you should buy his car. You can often get
better information from technicians and managers at the training center than
from the program chair.
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Look for clues
that suggest teamwork and a good work ethic. Did the candidate play team sports? Is he a joiner or
a loner? Has his social history been stable? Did he float through school on the
strength of external goading, or was he self-directed? Most important (in my
opinion): At what age did the candidate have his first paying job? The kid who
was delivering newspapers or babysitting at age 13 is the candidate who will
arrive on time and take criticism with a smile.
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Trust your staff
members' opinions. Before you
hire, make sure your potential new doctor has met with most members of your
staff. Their first impressions will be as piercing as those of your patients.
(You hire a doctor over the strong objections of even a single thoughtful staff
member at your peril.)
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Have sufficient
face-to-face time with any candidates before offering them a position. Share several meals together. Meet their spouses.
Take a long walk to discuss your goals and theirs. Challenge them with hard
questions, not just the softballs: What would you do first if a patient sued
you? What's more important to you, your career or your family? What would you
do if a health crisis meant you could no longer operate?
Managing future partners
The difference between managing a
partner-track associate and a permanent employee physician is actually larger
than the difference between managing a subspecialist and a generalist. Since
most subspecialist hires are for future partners, make sure that you spell out
in writing, as part of the employment contract, the expectations of a
partner-to-be. Be specific about volume performance goals, help with continuing
staff education, community outreach, local volunteer work and the like.
Once you make the hire, match your new
doctor to a partner-level physician, who will act as his "sponsor,"
assuring that all is going well through regular meetings and the preparation of
a formal, written career development plan. This plan should include target
deadlines for patient visit volumes and cases by type and revenue. Each of
these areas should be tracked monthly and used as a measure of the associate's
progression toward full economic productivity and eventual partnership.
If your new doctor is in line for
partnership, begin the financial and practice management tutorials early. Err
on the side of over-disclosing the financial status of the practice and help
your new doctor understand his or her economic context.
If conflicts arise that are beyond the skill
level of the partners or administrator to resolve, hire outside professional
management assistance. Through round-robin conversations with partners, staff
and the associate doctor, it may be possible to rescue a relationship that was
heading toward divorce. The cost of professional help to salvage a failing
relationship could be much lower than the cost of starting over with a new
search, especially when the loss of even a single, critical subspecialist's
cash flow can lead a wobbly practice to economic disaster.
Understanding the subspecialist
sensibility
Finally, make sure your practice has
sufficient leadership. Better still, have two leaders --a strong medical
director/managing partner and a strong administrator. Most subspecialists have
reached their rarified heights by being more diligent, persevering and
competitive than their peers. Like all highly evolved predators they will intuit,
test and attempt to overthrow any perceived weaknesses in management.
John Pinto is president of J. Pinto &
Associates, Inc., an ophthalmic practice management consulting firm established
in 1979. John is the country's most published author on ophthalmology
management topics. Recent books include John's Pinto's Little Green Book of
Ophthalmology and Turnaround: 21 Weeks to Practice Survival and Permanent
Improvement. You can call him at (800) 886-1235, e-mail him at pintoinc@aol.com
or find him on the Web at www.pintoinc.com