Healthcare Compensation Arrangements (Physician and Executive)
Physicians and capable leadership are essential to a successful healthcare organization. The economics of the contemplated arrangement between a healthcare provider or leader and an organization, though not the only consideration, is a significant component. Compensation not only needs to be competitive with the market, but it also needs to be compliant with the established regulations in the industry.
Executive and physician compensation are continually evolving with the healthcare industry. The growth in hospital employed provider networks and the shift in the industry to value-based care call for the standardization of provider compensation structures and the development of models that allow for success in both fee-for-service and fee-for-value environments.
At Coker, we work with health systems and large medical groups to develop new provider compensation models or revise existing compensation plans to create effective compensation strategies. We also work with healthcare organizations on executive compensation assignments to consider position, tenure, experience, etc., and how best to standardize compensation.