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.
Hospitals and health systems have increasingly employed physicians rather than physicians owning their own practice, which has caused a fundamental shift.
In this white paper, we introduce the concept of an evolving employed provider compensation plan as well as best practices for its strategy, design, and implementation.
As depicted in the graph below, HSG believes that all hospital-owed physician networks progress along an evolutionary path, from “Novice” to “High-Performing”, with most struggling to emerge from Operational Chaos. HSG’s HFMA webinar on April 20, 2017, (click here to view) took a broad look at performance improvement and, specifically, a process to discover operational […]