Aligning physician compensation with your hospital’s strategic objectives is imperative to long-term success under value-based purchasing. Aligning physician compensation with the network’s revenue while crucial to long-term financial success, can be a challenge given current supply and demand issues. With the growth of value-based purchasing, greater focus must be placed on quality, patient satisfaction, and cost. We guide executives to adjust your plan to deal with these imperatives.
HSG will create a compensation program that:
- Ties physician compensation to performance
- Allows for reduction in base salary if targets are not met
- Contains clear, measurable metrics
- Is standardized across the network for ease of administration
- Is in sync with the realities of today’s market, and
- Promotes a shared group culture