To soothe turf battles, hospitals are sharing revenue between departments and signing so-called cooperative agreements:
To reduce patients’ confusion, increase revenue, and improve care, the 50 Beth Israel Deaconess Medical Center doctors who work in the cardiology, cardiac surgery, and vascular surgery departments, along with senior hospital executives, have formed an independent corporation. For the first time, the doctors plan to share some of the revenue they generate. They say the new Cardiovascular Institute will increase cooperation, because they will be collectively responsible for the institute’s success.
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