Physician Compensation Arrangements

Consultants in the health-care industry offer advice on designing and managing a physician total rewards method in the context of integrated health care. They discuss such aspects as the effects of consolidation on physician compensation, issues across practice settings, equity as a component of tot

Navigating the maze of methods by which income for physicians is determined and paid in a wide variety of health care organizations, this step-by-step guide covers plan development and information on pay-for-performance programs, implementation methods, and more.

Provides numerous practical solutions and information for helping practice environments of all kinds reach agreement on appropriate forms of compensation. Includes discussions on base pay, incentive pay, and benefits. Also reviews potential equity arrangements. Previous edition: c1999. Softcover. DNLM: Physicians--economics,

Designing an effective physician compensation plan is critical to recruiting and retaining physicians. It is also vitally important to aligning physician incentives with organizational goals. Factor in a complex legal environment and ever-changing payment programs, and the task of developing a fair and defensible compensation plan becomes quite daunting. The best compensation plans use a diligent, evidence-based approach that brings in the right information and stakeholders at the right time in the process. Learn a proven methodology that will help you make evidence- based physician compensation decisions. The book presents a step-by-step process for developing compensation plans - from defining and analyzing the current situation to evaluating the plan's efficacy - while revealing best practices and trends for designing a fair and equitable plan for your practice. New incentive plans based on quality versus quantity add a new dimension to physician compensation. You will find guidance on incorporating the new payment initiatives into your plan as well as dealing with the unique issues related to hospital-employed and academic physicians. In the final chapter you will read case studies on compensation plan development and implementation in a variety of settings to help you learn from your peers.