An article in Physician’s Practice looks at how “instability in compensation and the massive move of physicians from private practice to employed models could be indicators of trouble ahead for physician compensation.”
Actually, a lot of physicians, especially those in private practice, are already under growing financial stress. COVID-19, of course, has made everything worse.
To read the article, please hit this link.
The steps include identifying a target amount per physician, installing process-improvement initiatives and providing performance incentives.
It notes that ”physician compensation rates are increasing while reimbursement rates are declining. These trends threaten the financial solvency of healthcare organizations and, as a result, hospital boards and leadership teams are tending more critically to the financial performance of their physician enterprises.”
