HSG’s approach to developing compensation plans for physicians will give you a solution that fits your culture and your objectives. We will combine strong physician engagement, the building of a compensation philosophy, metrics from the value based purchasing environment, implementation support, legal oversight, and extensive financial modeling to create a phased plan that will drive success.
For more information on physician compensation plan design, call Neal Barker at (502) 814-1189.
RELATED THOUGHT LEADERSHIP
Becker’s – COVID-19 and Its Impact on Physician Compensation
Health systems and their associated employed provider networks are beset with immediate financial losses, and future financial uncertainty as elective care was essentially eliminated by the COVID-19 (coronavirus) pandemic in the United States.
Physician Compensation Models
Selecting the best physician compensation model for your organization is truly a journey, with progressive gains and beneficial outcomes.
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.
TESTIMONIALS
“HSG’s expert assistance was invaluable in our work to successfully revise our physician and Advance Practice Provider (APP) compensation models. Proactively involving direct physician and APP participation in model development generated understanding, acceptance, and ownership of the proposed changes. In addition, HSG identified specific operational items impacting our ability to effectively convert our primary care APPs from a straight salary to a model that parallels the physicians. Even after the project ended, they unhesitatingly provided clarification and further assistance when questions arose. We would not have been able to achieve these timely results without HSG’s support.”
Jim Snider – Vice President, St. Luke’s Medical Group of St. Luke’s Hospital
