As the healthcare industry continues to move from volume to value-based reimbursement, organizations must ensure their physicians and advanced practice clinicians (APCs) are aligned to the changing mission, vision, and strategic goals of the organization. Modern compensation formulas are evolving from productivity-only compensation towards a multi-factor compensation formula that rewards quality, value, and efficiency in addition to productivity.
These modern compensation plans are as unique as the organizations implementing them. There isn’t a single compensation model that will work for all organizations, and that is why it’s vital to understand the unique issues facing an organization when designing a provider compensation plan. With increased regulatory scrutiny around physician compensation arrangements, organizations must carefully structure compensation plans so that they meet the organization’s strategic objectives while also remaining compliant with Federal regulations.
VMG Health is uniquely positioned to help organizations of all sizes with their physician compensation design needs. We work with single specialty physician groups, multispecialty groups, hospitals, health systems, and academic medical centers, and offer a comprehensive range of compensation design and strategic consulting services for both employed and independent providers.
The provider compensation consulting services we offer includes: