The ASA Committee on Practice Management has compiled a compendium of resources to help groups understand the process of developing a value proposition and, if necessary, respond to a request for proposal (RFP). RFP is the process that hospitals use to put a contract up for bid. ASA is committed to anesthesiologists in independent practice and felt this would be a benefit to our members who find themselves faced with an RFP but perhaps not the necessary tools to provide a competitive response. It is impossible to completely review these two important (and related) topics in this brief article, so we encourage you to review the complete compendium, which may be found at asamonitor.pub/3BbBxQK.

An RFP is how a hospital or other business entity asks for bids on a contract. It could be for anesthesia services or a new HVAC system. For anesthesia services, the document lists the requirements...

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