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March 11, 2013
Perfectly. >> cleveland clinic was founded by four physicians, they realized they did better working as a team than as individual practitioners and they formed a group practice they decided they would pay themselves a salary and the money that was left would go back into the organization. that model has continued until today. were all salaried, so the decision on what we do for a patient is dependent on what the patient needs not our financial incentives. >> six years ago, i stopped to think, iv...
March 11, 2013
>> the cleveland clinic was founded by four in addition physicians and realize they did better working as a team than individual practitioners and formed a group practice. they decided that they would pay themselves a salary and the money left over would go back into growing the organization. that model continued to this day. we are all salaried so the decision on what we do is dependent on what the patient needs and not on financial incentives. six years ago before i became ceo, i thought i nev...