There are things HMOs and physician groups can do now to help them see through tough times. By Frank Diamond Senior Editor Worrying about how you're going to weather the next recession these days is a little like brandishing a prenuptial agreement at your engagement party.
Nobody wants to think about a downturn while the economy is humming along.
Maybe, as some experts suggest, it's impossible for HMOs, medical groups or any other business to actually plan for a recession. But it doesn't hurt companies to foster habits that can steer them through rough water. While it can be argued that prenuptial agreements are cynical, business is business and preparation often pays off. In many instances, the best buffer against tough times is to continue what you're doing today, if what you're doing includes cutting operating costs while increasing efficiency. That's how most companies operate, says Martin Regalia, chief economist for the U.S. Chamber of Commerce.