Annual reports will provide percentile values and other meaningful benchmarks for most standard agreements.
In addition, the database will be a resource for indepth analysis of significant factors that often impact compensation such as level of service, depth of coverage, provision for unsponsored patients, multi-campus arrangements, and dual-panel arrangements.
Current methods for acquiring reliable market data can be burdensome, costly and incomplete. Most published physician compensation databases are limited to overall practice economics or suffer from insufficient sample size and level of detail. Ad hoc surveys are expensive to administer and may not provide sufficient detail to accurately evaluate comparability to a particular situation. MD Ranger™ represents a breakthrough in market data quality, availability and ease of data submission by employing subscriber-based data collection and standardized reporting. Broad participation ensures unprecedented sample size, timeliness, data consistency, anonymity and reliability. The founders’ expertise in database management and analysis, combined with our depth of experience in business analysis, positions MD Ranger™ to deliver outstanding reports that will enhance our customers’ understanding of market trends and industry benchmarks.
Confidentiality and Safe Harbor Compliance
MD Ranger™ assures strict confidentiality of individual hospital data through tight control over access to the information technology. All published reports will contain aggregated comparison data and statistics comprised of reliable sample sizes that meet the federal Safe Harbor guidelines.
Subscriber Organizations, Products and Fees
Hospitals purchasing a subscription will receive an annual set of standard reports that include most standard contracts. Subscribers may also purchase customized queries for specialized reports to address unusual situations. The service will be available through an annual subscription fee with an initial two-year commitment. Contact us at info@mdranger.com for the current subscription cost. Prices are scaled to hospital size and there is a discount for fully participating multi-hospital systems.
Early Interest in MD Ranger™
Expressions of interest for subscription have been received from hospitals in the West and Midwest. We have signed a Preferred Vendor Agreement with the Arizona Hospital and Healthcare Association and have commitments or indications of interest from more than 95 hospitals. Our initial focus will be California, Oregon, Nevada and Arizona hospitals.
In summary, MD Ranger™ promises to become the Gold Standard for benchmarking of hospital-physician contractual compensation arrangements. We look forward to working with a large and growing number of health care organizations in the launch of the MD Ranger™ portfolio of reports.
