A confluence of factors, including physician integration efforts, a focus on population-based health, and value-based payments, is leading both hospitals and private practice groups to reexamine compensation. Conversations centered on compensation are among the most difficult for hospitals and physicians to engage in, and there is no silver bullet for how to best structure payment.
Here are three steps that can help enhance the productivity, operational performance, and long-term financial viability of a cardiology service line.
This column discusses why cardiologists and health systems need to think about compensation beyond the WRVU and offers examples of ways to incorporate performance measures into physician compensation plans.
Quantifying the true value of call coverage demands careful and comprehensive analysis. Published benchmarks and surveys provide limited insight into the national market, but hospitals must plan for the future as they address the coverage demands of today.
This article is the second in a series that describes the most common types of hospital/physician payment arrangements within an academic medical center.
Determining the right call coverage arrangement for a system requires a reliance on more than just median payments or national surveys and should account for a variety of factors.
Healthcare administrators must proactively seek call arrangements that protect their organizations both legally and financially. In our last post, we discussed the risks of relying on median payments during fair market value (FMV) analysis. Here we'll take a closer look.
This post will take a critical look at national benchmarks and median values.
Hospitals across the nation are increasingly turning to call coverage compensation arrangements as a means of providing vital medical services and remaining compliant with federal law. While the number and complexity of these agreements have grown, many healthcare organizations are entering into such contracts despite uncertainty that the terms are both legally defensible and financially prudent.
Page 4 of 6