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Case 3
Compensation plans that create hostility among your physicians
As many practices experience reduced reimbursements and increases in capitation, traditional physician compensation formulas are no longer effective, especially if they are productivity based. Incentives in productivity formulas encourage high utilization, patient competition, individual goals and a "sell-sell" attitude.
The goal of any group practice should be to get the physicians to work as a team to control utilization, minimize costs, eliminate competition and improve the bottom line. This must all be done within the constraints of financing new physicians, practice buy-in's and Stark regulations.
Solution:
A Compensation Plan Evaluation.
We can evaluate your compensation plan, identify potential problems and make specific recommendations on how to improve it.
Taking a holistic approach, we will calculate the financial impact on each physician and even facilitate a group meeting where each alternative is considered. Finally, we will be actively involved in designing a transition method to minimize the trauma in switching over to a new plan. The bottom line: A fair compensation plan that has your team working together to maximize profits.
We specialize in physician compensation plan evaluations. If you would like an independent accountant review of physician compensations calculations and formulas, please click here.
Case #4: Generating More Revenue for Your Hospital than Yourself
