Co-ManagementCollaborating to enhance patient care
Cultivating an environment of shared responsibility, authority & accountability
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 provide effective and efficient 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:
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.
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.
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.
Dynafios Co-Management Methodology
The initial step in establishing a co-management agreement is to evaluate opportunities for both quality and operational improvements.
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.
Determining the scope of the management duties is critical to the process of identifying the compensation for payment to the physicians.
Important to any physician compensation for services is establishing the FMV for the level of work and the scope of the management duties.
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.
From the initial meeting to the second, 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.
At this meeting Dynafios works with both the physicians and hospital team to define the metrics, measurement period, and desired targets.
Dynafios works with all parties to successfully finalize the terms to execute an agreement. Just 90 days from start to kick-off.