Episode 39: Espresso Shot #6: Hospitalist Compensation Model Design Trends
July 3, 2019
Physician Compensation
Justin Chamblee joins Mark to discuss how to evaluate and structure hospitalist compensation models. Justin walks through what Coker Group considers best practices for hospital-based physician compensation structures.
Episode Synopsis
Typically, hospitalists are not measured or compensated based on their wRVUs for a couple of reasons. First, most hospitals see the essential goal of a hospitalist program as enhancing throughput (timely discharges, reduced length-of-stay, etc.). Paying hospitalists based on their productivity can be counter to these key goals, as it incentivizes them to do more. Second, the market data for hospitalist wRVU production is imprecise, given that hospitalists vary significantly in their productivity levels as a result of staffing/census dynamics. We believe the best measure of productivity for hospitalists is the patient census, not wRVUs.
Key Trends from Industry Data
- The majority of hospitalist groups work 12-hour shifts (day and night).
- Working additional hours per day equates to the need for fewer shifts per year to equal a 1.0 FTE.
- The market norm for hospitalists working a 7-on/7-off model and a 12-hour shift is 2,184 hours annually (182 shifts per year).
Extras
Physician Compensation Strategy
Contact Information
Subscribe to our feed in Apple Podcasts, Google Podcasts, Spotify, or your preferred podcast provider. Like what you hear? Leave a review! Not there? Let us know! We welcome all feedback from our listeners. Please submit questions on any of the topics we discuss or questions about issues in which you have an interest. You can also provide recommendations on matters for future episodes.
- Email us: feedback@cokergroup.com
- Connect with us on LinkedIn: Coker Group Company Page
- Follow us on Twitter: @cokergroup
- Follow us on Instagram: @cokergroup
