Coffee with Coker
Episode 62: Solving the Compensation Conundrum
- April 24, 2020
Matt BonDurant and Jack Liu join Mark Reiboldt to continue the compensation automation discussion and why providers need to drive strategy and alignment. Matt, Jack, and Mark discuss the opportunity costs of compensation management, effective compensation models that will drive results, and how telehealth is impacting provider compensation plans.
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Matt, Jack, and Mark discuss the importance of aligning physician compensation to a hospital or medical group’s goals and the existing gaps between strategy and operations. Most healthcare providers manually calculate provider compensation to administer compensation plans, resulting in several manual business processes that are prone to human error or interpretation.
Matt and Jack explain common issues they find when reviewing provider compensation plans, and they discuss effective compensation practices to achieve strategic goals.
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