About MD Ranger
The Company
MD Ranger, Inc. was founded by Penny Stroud and Craig Paxton of Cattaneo & Stroud, Inc., and Michael Heil of HealthWorks, Inc., to bring better information about physician compensation to hospitals and health care providers. The founders have a combined 75-plus years of experience in executive management positions in health care and have written more than a thousand physician fair market value opinions.
Our Physician Compensation Toolkit helps hospitals, physicians and health systems determine appropriate compensation rates, negotiate competitive contracts, comply with federal regulations, and identify opportunities for cost savings. The company's proprietary database and benchmarks reduce the complexity and costs of establishing fair market value for on-call arrangements, medical directorships, administrative services, diagnostic testing services, and hospital-based physician groups. We are changing the way that hospitals and physicians use data to drive decisions about compensation.
Team
Penny Stroud
Penny Stroud is CEO and founder of MD Ranger, Inc. She founded the company with Michael Heil and Craig Paxton to address the lack of high-quality physician compensation data available to health care providers.
Prior to MD Ranger, Penny also founded Cattaneo & Stroud, Inc., a health care consultancy specializing in strategic business planning for hospitals, health systems, and other providers. She has analyzed hundreds of physician contracts and has written as many physician fair market value opinions for clients. She has consulted for more than 30 years, and holds a masters degree in Health Administration and Planning from The Johns Hopkins University and a bachelor of arts degree from Stanford University. She is a member of the Society of Professionals in Healthcare, MGMA, the California Healthcare Association, and Women Health Care Executives.
Michael Heil, AVA
Michael Heil is a founder of MD Ranger. Prior to MD Ranger, he founded consulting firm
HealthWorks, Inc.,
where he specializes in fair market value analysis and management consulting for hospitals and
health care providers. Michael has 35 years of experience in health care management and consulting.
He has served as president of California Shock/Trauma Air Rescue (CALSTAR) and in management
engineering positions in industry and hospitals. Michael received a B.S. in Industrial
Engineering from Lehigh University and a Masters degree in Hospital and Health Services
Administration with distinction from the Graduate School of Business at Cornell University. He
is an Accredited Valuation Analyst in the National Association of Certified Valuation Analysts.
Craig Paxton, Ph.D.
Craig Paxton is a founder and chief statistician for MD Ranger, Inc. Craig provides statistical analysis and database development expertise for MD Ranger. He is also a principal in Cattaneo & Stroud, Inc. specializing in health care market demand analysis, cost effectiveness analysis, software development, and forecasting. Craig has also worked for McKesson Corporation, and he served six years as senior economist at Kaiser Permanente. Craig received his Ph.D. in economics from Northwestern University in 1987, and holds a B.S. from Santa Clara University.
Who We Are
Learn more about what MD Ranger's comprehensive reports can do for your hospital.
Look Inside a Sample Report
