Physician's Compensation: Measurement, Benchmarking, and Implementation / Edition 1

Physician's Compensation: Measurement, Benchmarking, and Implementation / Edition 1

by Lucy R. Carter, Sara S. Lankford
     
 

Physician Compensation Means More Than Money

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

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Overview

Physician Compensation Means More Than Money

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.

This volume:

  • 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.

www.wiley.com/accounting

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Product Details

ISBN-13:
9780471323617
Publisher:
Wiley
Publication date:
10/04/2000
Series:
Wiley Healthcare Accounting and Finance
Edition description:
New Edition
Pages:
224
Product dimensions:
6.30(w) x 9.30(h) x 0.70(d)

Table of Contents

Factors Impacting Physician Compensation.

The Shrinking Pie.

Defining the Pie.

Regulatory Considerations in Physician CompensationArrangements.

Four Basic Principles of Compensation.

Tax Considerations for Physician Compensation.

Employment Agreements.

Base Salary.

Incentive Compensation.

Physician Benefit Plans.

Measuring Productivity.

Relative Value Units.

Using Relative Value Units to Measure Productivity.

Cost Allocation.

Administering the Compensation Plan.

Academic Group Practice Compensation Models.

Physician Integration Systems.

Compensating the Physician CEO.

Physician Compensation Case Studies.

Common Pitfalls.

Appendices.

References.

Index.

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