Physician compensation models built to last—and match your needs
Physician compensation plans are changing as payment models move to value-based contracts and quality-based metrics, but some form of productivity incentive is still prevalent.
In any health system or organization that employs physicians, compensation models can be effectively balanced incorporating elements of equity, performance improvement, and provider satisfaction. Our team can help you build physician compensation model strategies for both new and existing models. We meet with your team to determine the goals of your physician compensation plan, potential longevity, and implementation plan.
Our services include development of pragmatic plans to engage physicians, utilization of data, implementation of the plan, messaging and communication, and monitoring the plan’s success and compliance. We can help you assess and review:
- Governance structure
- Current clinician and partner compensation
- Employment agreements
- Profit and Loss (P&L) history and projections
- Base compensation strategies
- Compensation streams, including medical directorships and outside contracts
- Work Relative Value Units (wRVUs) and scheduling data and reporting
We understand the unique nature of every practice setting and culture, and work with you to design an effective and engaging compensation model that meets your specific needs.
Contact us to learn more about physician compensation plans.
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