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, […]