Co-Management 2017-12-16T00:18:44+00:00

Co-Management

For both physicians and hospitals, identifying opportunities for collaboration can be a very effective method for long term growth. Dynafios has helped hospitals create a high performing, differentiated service which brings additional value to each party. With our expertise in physician-hospital alignment we understand what it takes and can provide effectiveness, efficiency and execution.

We have established co-management agreements for key services lines such as cardiovascular, oncology, orthopedics and surgical services. Our process begins with setting expectations and developing a shared vision among physicians and hospitals. While there are many details to work through, the overall structure of a co-management arrangement is straightforward.

See our 90-day process below.

1. PROGRAM ASSESSMENT

The initial step in establishing a co-management agreement is to evaluate opportunities for both quality and operational improvements.

2. PHYSICIAN PARTICIPANTS

The next step is to appropriately identify those physicians that are critical to the program and will be key participants in improving performance through the co-management process.

3. MANAGEMENT DUTIES

Determining the scope of the management duties is critical to the process of identifying the compensation for payment to the physicians.

4. VALUATION LETTERS

Important to any physician compensation for services is establishing the FMV for the level of work and the scope of the management duties.

5. PHYSICIAN EDUCATION

Dynafios utilizes an initial kickoff meeting to not only educate key stakeholders on co-management, but to also initiate the process of designing the contract and indicators critical to the success of the agreement.

6. NEGOTIATION OF TERMS

From the initial meeting to the second meeting – this is the time the Dynafios team works with local counsel and each of the physician managers to appropriately negotiate the terms of the agreement.

7. INDICATOR DEFINITION

At this meeting Dynafios works with both the physicians and hospital team to define the metrics, measurement period, and desired targets.

8. FINALIZE CONTRACT/KICKOFF

Dynafios works with all parties to successfully finalize the terms and get an executed agreement for kickoff…start to finish in 90 days!

  • Phase I- Design

    We work with executive teams to identify potential co-management participants and develop a project timeline. The design phase includes collecting and analyzing data to first identify appropriate areas of co-management focus. We then further analyze data to design indicators and set performance targets.

  • Phase II- Contracting

    Some of the key milestones that will be addressed during the contract phase include: finalizing indicators, determining the compensation structure, identifying the teams, and executing the contract.

  • Phase III- Implementation

    Our experienced team of analysts and consultants help establish a new culture of shared accountability, transparency, and results. Dynafios brings in best practices and experiences to drive work plans for successful performance improvement. These experiences, coupled with robust analytics, help the co-management team achieve the P4P results. 

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Fostering Physician
Engagement Through
Co-Management

Learn about developing effective strategies in today’s competitive environment when pursuing cost and quality initiatives.

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Co-Management
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Learn more about how Dynafios has utilized sustainable models that drive results — a fundamental requirement within hospitals.

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