Benchmarks: The Right Performance Tool?

14M12D01 TKP KCR Benchmarks The-Right-Performance-Tool

CardioSource WorldNews

Recent studies reveal that increases in physician compensation rates have significantly outpaced productivity rates over the past 5 years. This diverging trend in benchmarking data is unsustainable and presents significant implications for organizations that tie cardiology compensation to market benchmarks, leading many administrators to question whether benchmarks are the right tool for measuring cardiology service line performance and calculating compensation. This column discusses the factors driving changes in benchmarking data and outlines potential solutions to ensure the sustainability and market-competitiveness of physician compensation for your cardiology program.

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