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Overcoming Challenges in Provider Compensation

This whitepaper outlines upcoming challenges in provider compensation as a result of the COVID-19 pandemic and 2021 MPFS changes.

September 24, 2021 by D.J. Sullivan

Overcoming Challenges in Provider Compensation: Understanding Issues Caused by COVID-19 and Changes to the Medicare Physician Fee Schedule

Overview

Developing and maintaining strategies for employed provider compensation has never been easy. HSG continually partners with clients in overcoming challenges in provider compensation by creating compensation plans that are specific to and evolve with an organization’s needs. This may involve focusing on alignment between productivity and compensation, balancing market rates with organizational sustainability, and/or shifting compensation dollars towards value.

But two acute issues will continue to add challenges in provider compensation over the next few years:

  • Issue #1: Reduced volume during the COVID-19 pandemic will lead to artificially high per wRVU compensation rates in surveys based on 2020 data.
  • Issue #2: For many specialties, changes to the 2021 Medicare Physician Fee Schedule (MPFS) will result in wRVU production that is significantly higher than levels reported in surveys using data from prior years.

This whitepaper will provide in-depth analysis of these two issues and discuss strategies for avoiding potential pitfalls related to provider compensation.

Regardless of how your organization implements the updated fee schedule, it is critical to be aware of the long-term impact each decision point can have on your health system’s financial status. To discuss how HSG is partnering with health systems around the nation to overcome challenges in provider compensation and redesigning elements to better align with organizational goals and objectives, contact Eric Andreoli directly.

Download the Full White Paper or Read A Summary Below

Overcoming Challenges in Provider Compensation.pdf Overcoming Challenges in Provider Compensation
Download a Digital Version of the White Paper

Related Thought Leadership

HSG has been considered experts in physician compensation for 20+ years. Access more content related to our insights from partnering with health systems around the nation and ways in which we’re partnering with them to overcome current challenges in provider compensation.

Misusing Provider Compensation Survey Data in 2021 and Beyond
MGMA Webinar – Building a Sustainable Compensation Strategy
2021 MPFS Final Rule: A Catalyst for Comprehensive Compensation Redesign

Category iconPhysician Compensation,  White Papers

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DJ Sullivan
D.J. Sullivan

(502) 814-1198
djsullivan@hsgadvisors.com

Overcoming Challenges in Provider Compensation: Understanding Issues Caused by COVID-19 and Changes to the Medicare Physician Fee Schedule
Overcoming Challenges in Provider Compensation: Understanding Issues Caused by COVID-19 and Changes to the Medicare Physician Fee Schedule

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