7 steps toward compensating primary care physicians for their true value
The problem The volume-based reimbursement system for primary care physicians is a barrier in the path to greater value in healthcare. Although primary care providers are expected to take a wholistic approach toward managing their patient population’s health, they continue to be paid on volume-based formulas. In the past 10 years, CMS has introduced additional […]
How to apply a value equation in setting compensation for specialty providers
The steadily rising number of hospital-employed physicians in recent years has imposed an increasing financial and operational burden on hospitals. Hospitals are under pressure to run value-driven, lean operations to retain physicians and remain viable. Setting physician compensation at appropriate levels, acceptable to physicians, is of paramount concern. Although many compensation models exist, […]
Elevating Employee Engagement
Employee Engagement is essential for a high performing organization. Unfortunately, it is uncommon in our organizations. A recent news article on the subject celebrated a Gallup survey which found employee engagement rose to 34% in 2019. This celebrated level leaves two thirds of the employee population disengaged in their work. Clearly, employee engagement cannot be […]
Population Health One Patient at a Time
Achieving success in “Population Health” requires developing systems to effectively and efficiently meet medical care and service needs at the individual patient level. Population Health equals healthcare and services appropriately delivered to individual patients for all patients in the plan. This means successful Population Health programs must have the capacity to deliver customized care and […]
The Building Blocks of a Data Driven Organization
Performance scorecards are powerful tools to drive significant and sustainable improvements across all functions of the organization. These scorecards utilize metrics called key performance indicators (KPIs) to measure performance on the factors considered critical to organizational success. Goals are established for each KPI with performance improvement achieved by closing the gap between the goals and […]
Lean Tools: Utilizing Swim Lanes to Optimize Productivity
Introduction Quit frequently healthcare organizations face financial dilemmas where demand for a service exceeds capacity and it appears additional resources are needed to add capacity. However, the productivity and margins for that service are not meeting expectations. Adding additional providers and/or facility size may increase capacity but the service will continue to operate below productivity […]