Provider Compensation Plan Design

  Your Trusted Partner in Provider Compensation Plan Design

 

The process of creating or modifying a provider compensation plan is often one of the most sensitive and challenging initiatives an organization can undertake. As a market leader in fair market value analysis and trusted advisor to the nation’s premier healthcare systems on all matters related to provider compensation, HealthCare Appraisers brings unparalleled breadth and depth of experience to provider compensation plan development, including:

oragne square  Detailed insight into compensation plan trends across the country;
oragne square  Knowledge gained from years of collaboration with physician and executive leadership; and
oragne square  A successful track record of assisting with the design and implementation of novel compensation plan structures that satisfy unique organizational objectives, all within the confines of then-current regulatory guidelines.

Whether assisting with incremental changes to an existing plan or a major strategic shift in compensation philosophy, our experts work closely with executive and provider leadership to offer solutions tailored to each organization’s specific cultural, operational, and financial circumstances. HealthCare Appraisers guides you in developing compensation structures that engage and align providers while mitigating economic and compliance risk in connection with:

oragne square  Developing compensation plans for new groups and/or specialties
oragne square  Integrating new physicians or physician groups into existing compensation models; and
oragne square  Introducing new compensation elements or rebalancing existing plan components to support new payor contracts, organizational evolution, financial considerations, and/or changing market conditions.

As the prevalence of alternative payment models has increased, many provider compensation arrangements now incorporate value-based compensation elements. In designing such value-based compensation components, HealthCare Appraisers works to ensure alignment between revenue models and compensation plans to achieve financially-sound results for the organization.

  Watch our recent webinar.

Know Your Value: Trends and Strategies for Success in Implementing Value-Based Compensation

This webinar provides a description of the current value-based compensation landscape for employed providers and includes a high-level examination of the forces behind the present shift from volume to value, as well as an overview of typical value-based plans in the marketplace. The hosts review the results of the AAPCP membership survey on value-based compensation plans.

This discussion also highlights the members’ general level of progression toward value-based compensation, their usage of various types of value-based compensation measures, and the members’ perception of their success using commonly observed value-based compensation measures.

The presentation concludes with recommendations for successful implementation of value-based compensation components, including the selection of value-based metrics, communication with providers, and the use of shadow periods.

  Contact our provider compensation plan design experts today.

Jim D. Carr, ASA, MBA

Partner
Office: Denver

Phone: (303) 688-0700
Email: jcarr@hcfmv.com

Matthew Milliron

Matthew J. Milliron, CVA, MBA

Partner
Office: Denver

Phone: (303) 688-0700
Email: mmilliron@hcfmv.com

Your Provider Compensation Plan Design Expertise is here.

Our experts can help create tailored solutions for your organization’s cultural, operational, and financial circumstances with well-designed physician compensation plans. With an exclusive focus on healthcare, we offer highly specialized and targeted insight, and our team is available to speak with you at your convenience.

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Upcoming Events

Jun 28-30 | AHLA Virtual Annual Meeting

HealthCare Appraiser's Partner, Andrea M. Ferrari, JD, MPH will co-present The Terrible, Horrible, No Good, Very Bad Year: How Did We Do and Where do We Go From Here? Understanding the Strides and Obstacles to Diversity and Inclusion Through the Lens of COVID....