Physician's Compensation: Measurement, Benchmarking, and Implementation
Physician compensation planning and methodology is a complex area that is influenced by many key factors. It takes experience and sharp analytical skills to manage. This invaluable handbook will serve as a guide for the physician compensation process and provide the medical practice industry with various alternatives, as there are no simple solutions to physician compensation modeling.
- Provides the foundation to build compensation plans that are easily understood and accepted by physicians
- Covers compliance with government regulations
- Includes models addressing Stark, cost allocations, departing physicians, and new recruits
- Discusses hospital-owned practices
- Includes production measurements covering relative value units, charges, and collections
CPAs and health care management consultants and administrators, physician management companies, hospital CEOs and CFOs, attorneys, and actuaries will find the information in Physician’s Compensation indispensable to designing effective, equitable, and appropriate compensation plans.
The Shrinking Pie.
Defining the Pie.
Regulatory Considerations in Physician Compensation Arrangements.
Four Basic Principles of Compensation.
Tax Considerations for Physician Compensation.
Physician Benefit Plans.
Relative Value Units.
Using Relative Value Units to Measure Productivity.
Administering the Compensation Plan.
Academic Group Practice Compensation Models.
Physician Integration Systems.
Compensating the Physician CEO.
Physician Compensation Case Studies.
SARA S. LANKFORD, CPA, is the Vice President of the Healthcare Services Division of Carter, Young, Lankford & Roach, PC. Ms. Lankford currently chairs the Legislative Committee for the National CPA Healthcare Advisors Association, is a member of the American Health Lawyers Association and the Medical Group Managers Association, and is a frequent speaker on medical management and compensation topics. She is also coauthor of the AICPA practice guides, Guide to Consulting for Dental Practices and Guide to Consulting for Long-Term Care Facilities.