Our physician compensation services are designed to help your organization understand the advantages and disadvantages of the current physician compensation model, explore alternative models, and recommend a model that best balances the needs of your organization and its physicians.
We understand the many objectives of a physician compensation plan. We will help you identify these objectives as well as help you structure a plan that:
- Provides compensation that is fair, attractive and competitive in the marketplace.
- Encourages the growth of your organization through the recruitment and retention of physicians.
- Encourages cooperation with the mission and goals of your organization.
- Establishes financial incentives promoting physician productivity, quality patient care, patient satisfaction, and efficiency.
- Uses objective criteria as a measure of physician compensation and provides a mechanism for performance measurement and feedback to the physicians.
- Creates financial viability for your organization.
Our recommendations will also allow you to tackle key compensation issues and develop a plan that:
- Defines compensation for your organization.
- Determines an appropriate and legal compensation methodology.
- Establishes a process for setting base salaries and measuring physician work or productivity.
- Determines the work and/ or productivity expectations for a full time physician in your organization.
- Structures bonus compensation and eligibility criteria.
- Addresses issues such as outside income.
- Determines how or if physicians are compensated for supervision of mid-level providers.
- Establishes an implementation date and answers other implementation and administration questions.
