As part of our 10th anniversary series, we’re taking a closer look at the key factors that influence physician payment rates based on our analysis of our 2019 benchmarks.
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.
The Department of Health and Human Services announced a “regulatory sprint to coordinated care” in June 2018, a new initiative to remove regulatory barriers that impede the transition to a coordinated, value-based health delivery system.
Read This Before Your Next Physician Contract Negotiation
Conversations about compensation take time and effort to plan and do not always go as anticipated. By preparing carefully for these discussions, you can take strides to achieve the best possible outcome for all parties.
Mistakes to Avoid in Hospital-Based Physician Contracts
While these arrangements benefit patients, physicians and healthcare organizations, they are usually complex and require careful attention to payment and service requirements.
Preparing for a physician contract negotiation? As you’ve likely discovered, these conversations take time and effort, and often go differently than anticipated.
Five Tips for Making Physician Contracting More Efficient
MD Ranger subscribers are constructing order out of the complex processes of contract organization, negotiation, and approvals by creating a more structured, efficient, and informed system. Physician contracting and documenting FMV doesn’t have to be an expensive headache.
10 Factors That Influence Physician Contract Rates
Negotiating a new physician contract payment rate or even renewing an existing contract can be challenging. While there are benchmarks available to help you determine FMV, it can be difficult to decide what market range is most appropriate for a particular service and facility
How should your organization prepare for negotiations and contract conversations with physicians and groups? Here are some best practices to integrate into your preparation strategy.
9 Key Strategies for Successful Physician Contract Negotiations
Maintaining best practices and having clear strategies for every negotiation can help smooth out organizational processes and ensure the eventual contract remains compliant.
Do Your Research: The First Step in Contract Negotiations
Physician contract negotiations can be tricky, no matter how positive the relationship between the hospital and physician is. Start the process by doing your research.
Do You Have Guidelines for Handling Exceptional Physician Agreements?
When your organization determines it must compensate a physician above your standard for fair market value, create a standardized process for reviewing such exceptional contracts.
Calculating Opportunity Cost in Physician Contracts
We’ve seen hospital administrators struggle to determine what is appropriate for their organization. The truth is that opportunity cost can be difficult to measure and document.
5 Nuanced Factors That Affect Physician Contract Rates
While it is straightforward to identify whether your facility is a trauma center or how many beds it has, there are other factors that influence physician rates that will need to be considered on a contract-by-contract basis.
Market data is an efficient and cost effective way to structure a physician contracting compliance program, and is used by hundreds of hospitals across the country.
Physician Contracting Strategies for Rural Hospitals
It may be more difficult to recruit physicians to live and work in rural areas and it may seem like your only bargaining chip is to pay the physician whatever they ask for.
Preparing for a physician contract negotiation? As you’ve likely discovered, these conversations take time and effort, and often go differently than anticipated. Discussing compensation, no matter how positive the business relationship may be, can present challenges.
Consider Alternatives for Negotiation Conversations
Whether you are a hospital administrator negotiating with a key multi-specialty group, or an independent physician asking for increased call coverage pay, care preparation can help you achieve your desired outcomes.
