“As Medicare goes, so oftentimes, goes the commercial payer—physician rates generally change not long after. So people will make tweaks to their compensation models to be ready for the future,” says Jeffrey D. Limbocker
Nashville, TN (PRWEB) October 24, 2011
Changes in Medicare and Medicaid reimbursements, healthcare reform, and market competition are all driving change not only in how hospitals and health systems approach patient care, but also in how physician compensation models are taking shape, according to the newest HealthLeaders Media Intelligence Report, Physician Compensation: Shifting Incentives.
“As Medicare goes, so oftentimes, goes the commercial payer—physician rates generally change not long after. So people will make tweaks to their compensation models to be ready for the future,” says Jeffrey D. Limbocker, CFO of Our Lady of the Lake Regional Medical Center in Baton Rouge, LA, and lead advisor for this report.
Physician Compensation: Shifting Incentives uncovers the best approaches for incentivizing doctors based on quality and patient experience. This comprehensive industry intelligence report is available for free download at http://www.healthleadersmedia.com/intelligence/101/industry-insight-report.html.
This exclusive, original research and analysis offers key insights from top healthcare executives and clinical leaders. Among the findings:
- 50% of leaders are now using patient satisfaction scores to guide physician incentive payments; 57% use quality metrics
- 65% of leaders say their physician comp will remain relatively flat with increases of 1% to 4%
- 59% say healthcare reform was a major influencer on their physician comp structure
- 22% say physicians have little to no influence on creating comp models at their organization
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