Episode 115: How Does the Physician Compensation Roadmap Look
What does the future hold for physician compensation?
Alex Kirkland joins Mark Reiboldt to discuss the state of physician compensation and what the future may hold. Hospitals have competed for physician market share in the post-pandemic world, and the influx of private equity investment alongside rising costs has pushed the survey data approach of funding physician compensation models to unsustainable levels.
Episode Synopsis
Many external factors have impacted physician compensation over the past several years. The extensive list includes pandemic-era volume reductions, volatile survey data, Medicare Physician Fee Schedule changes, rising inflation, and the list goes on!If there is any constant, it is that change is inevitable.With so much uncertainty, how can healthcare systems possibly plan for the future in terms of a sound physician compensation strategy? The answer lies in understanding expected shifts in the physician workforce, and the need for a nimble compensation structure that can adapt to market forces.
Extras
- Survey Says… What to Expect from the 2021 Market Survey Data
- Compensation Best Practices for Physician Enterprises
- How do we address provider compensation misalignment?
- How are the 2023 E/M guideline changes impacting your organization?
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