ECG’s 2018 Physician Compensation Survey provides market-specific data. This year’s data showed that the major issues motivating organizations to examine and reconfigure compensation arrangements are financial performance, migration to value based reimbursement systems, and pressures from nontraditional competitors.
A forward-thinking financial model can help hospital leaders better predict and balance potential gains and losses from incentives, penalties, volume changes, and other factors related to value-based payment.
Many healthcare leaders bemoan the lack of certainty in healthcare today, but there are some trends that hospital and health system leaders can count on to shape the industry in the coming years.
To compete successfully, the health systems of 10 to 15 years from now must be as different from their current form as existing systems are from the ones 80 years ago. What will drive this change?
Referral standards present a highly effective yet low-cost option for improving patient care coordination.
More medical groups are exploring new partnerships and affiliations that could provide the economic support and/or population health expertise to help further their strategic goals and succeed under value-based contracts.
The deal also signals a doubling down on an ambulatory strategy to succeed under value-based care arrangements.
Value-based care, with its emphasis on data exchange, is a boon to patients. It also increases the risk of exposure to security threats.
CPC+ launched in January 2017, but CMS recently announced that it would be re-opening the application process.
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