Aligning physician compensation with health system and employed network goals has never been more complicated. The transition to fee-for-value has increased the importance of quality and efficiency metrics, but the varied paced in which this transition occurs across markets complicates compensation planning. HSG’s resources can help you deal with challenges effectively, while avoiding critical mistakes.
For more information on physician compensation plan design or fair market value opinions, call Neal Barker at (502) 814-1189.
PHYSICIAN COMPENSATION SERVICE LINES
Engage physicians to design a compensation plan that fits your unique culture and objectives
Avoid unnecessary risks as physician compensation compliance is critical to all health systems
Commercial Reasonableness Opinions
Ensure your transactions with physicians are commercially reasonable and obtain the proper supporting documentation
RELATED THOUGHT LEADERSHIP
Work RVU Compensation Models: Best Rate Determination
Small changes to wRVU rates have a big impact on providers’ paychecks, organizations’ income statements, and potential compliance risks.
Employed Provider Compensation: Strategies to Support Your Network’s Evolution
In this white paper, we introduce the concept of an evolving provider compensation plan as well as best practices for its strategy, design, and implementation.
Physician Compensation Stacking—Impacts on Fair Market Value and Commercial Reasonableness
Hospitals and health systems must be cognizant of the risks associated with “compensation stacking”, a term used to describe the cumulative effect on fair market value and commercial reasonableness as a result of multiple, individual arrangements with a physician, or a single arrangement with multiple individual components. As closer alignment between hospitals and physicians is […]
OUR EXPERTS
Although there are many issues that affect providers, few are more impactful than compensation. That is why most successful provider organizations make the development and execution of compensation strategy a top priority.
When physician and advance practitioner incentives are aligned with health system goals, high levels of productivity, provider engagement, customer satisfaction, and efficient practice operations can be achieved.
Most people do not think of creativity when they think of fair market value. Truth is, fair market value assessment and determination often requires creativity to meet the specific needs and circumstances based on current provider and market dynamics.