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New compensation model improves physician productivity.
Healthc Financ Manage. 1999 Jul; 53(7):46-9.HF

Abstract

In the mid-1990s, Meridia Health System, a hospital system in the Cleveland, Ohio, area began acquiring primary care physician practices to form the core of an integrated delivery system to compete with other providers in the area. Unfortunately, the structure of the physician compensation plan for Meridia's new physician employees caused productivity to decline and losses to mount. Meridia appointed a task force that included physicians to develop a new compensation plan that bases pay on the application of a collection rate percentage to each physician's gross fee-for-service billings. While not perfect, the new compensation plan is helping both Meridia and its physicians achieve their mutual goals of high-quality care, reasonable productivity, and operating efficiency.

Links

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Authors+Show Affiliations

Davis A
Physician Business Systems, Independence, OH, USA.
Hardy CT
No affiliation info available

MeSH

Community NetworksDelivery of Health Care, IntegratedEfficiencyFamily PracticeOhioPhysician Incentive PlansPractice Management, MedicalPractice Valuation and PurchaseQuality of Health CareSalaries and Fringe Benefits

Pub Type(s)

Journal Article

Language

eng

PubMed ID

10558006

Citation

Davis, A, and C T. Hardy. "New Compensation Model Improves Physician Productivity." Healthcare Financial Management : Journal of the Healthcare Financial Management Association, vol. 53, no. 7, 1999, pp. 46-9.
Davis A, Hardy CT. New compensation model improves physician productivity. Healthc Financ Manage. 1999;53(7):46-9.
Davis, A., & Hardy, C. T. (1999). New compensation model improves physician productivity. Healthcare Financial Management : Journal of the Healthcare Financial Management Association, 53(7), 46-9.
Davis A, Hardy CT. New Compensation Model Improves Physician Productivity. Healthc Financ Manage. 1999;53(7):46-9. PubMed PMID: 10558006.
* Article titles in AMA citation format should be in sentence-case
TY - JOUR T1 - New compensation model improves physician productivity. AU - Davis,A, AU - Hardy,C T, PY - 1999/11/11/pubmed PY - 1999/11/11/medline PY - 1999/11/11/entrez SP - 46 EP - 9 JF - Healthcare financial management : journal of the Healthcare Financial Management Association JO - Healthc Financ Manage VL - 53 IS - 7 N2 - In the mid-1990s, Meridia Health System, a hospital system in the Cleveland, Ohio, area began acquiring primary care physician practices to form the core of an integrated delivery system to compete with other providers in the area. Unfortunately, the structure of the physician compensation plan for Meridia's new physician employees caused productivity to decline and losses to mount. Meridia appointed a task force that included physicians to develop a new compensation plan that bases pay on the application of a collection rate percentage to each physician's gross fee-for-service billings. While not perfect, the new compensation plan is helping both Meridia and its physicians achieve their mutual goals of high-quality care, reasonable productivity, and operating efficiency. SN - 0735-0732 UR - https://www.unboundmedicine.com/medline/citation/10558006/New_compensation_model_improves_physician_productivity_ L2 - https://www.lens.org/lens/search?q=citation_id:10558006 DB - PRIME DP - Unbound Medicine ER -