There are many compliance pitfalls, and all organizations assume risks when contracting or employing physicians.
Our 2019 report highlights the growing significance of physician contracts as a major component of hospital spending, with particular growth in payment for hospital-based physician services such as hospitalists, intensivists and laborists.
Pediatric facilities understandably have a specific set of patients and, as a result, they have different physician contracting needs than most hospitals.
Choosing the best physician for the job is important for both the hospital and the program.
The medical staff typically makes the decision to pay or not to pay its officers. Historically, positions were voluntary or modest stipends were paid from medical staff dues.
MD Ranger data strongly suggests the benefits of multi-facility physician contracts as an important strategy for controlling costs.
Physician contracting is a complex process and it is challenging to engage physicians to assist in administrative and quality initiatives that benefit health care facilities. From properly leveraging market data to composing legal agreements, it is resource-intensive.
MD Ranger’s analysis shows that call coverage benchmarks for accredited stroke centers are higher than benchmarks for non-stroke centers.
Let’s examine hospital-based service contracts and what components make up these sorts of agreements.
Let’s take a look at agreements for physician leadership and administrative roles and examine which services reported the highest median hours worked per year.
Let’s look at medical directorship agreements and examine which services reported the highest median hours worked per year.
Though rates at the individual service level remain relatively stable year over year, overall physician costs paid by hospitals have skyrocketed in the last decade.
Payment and hours of service benchmarks for medical directorships are available from several sources.
Payment and hours of service benchmarks for medical directorships are available from several sources.
Establishing a fair and compliant payment rate for a position that does not need a particular type of specialist can be a challenge!
Before deciding to pay a physician for a service, it is important to determine if it commercially reasonable to pay for the position.
Medical Directorships vary in the number of hours they require to complete the required duties.
MD Ranger collects information on the annual payments and hourly rates for medical direction, non-director administrative positions, and medical staff leadership positions.
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