Related Experiment Videos
The ups and downs of managing employed physicians
1Spencer Stuart, Atlanta, GA, USA.
Physician Executive
|April 8, 1995
Summary
Managing the growing number of employed physicians requires strategic hiring and mentorship. Compensation models, often a challenge, typically combine market-based salaries with performance bonuses for physician executives.
Area of Science:
- Healthcare Management
- Physician Workforce Studies
Background:
- The increasing number of employed physicians presents unique management challenges for healthcare organizations.
- Effective physician executive strategies are crucial for successful integration and retention.
Purpose of the Study:
- To outline key strategies for managing employed physicians.
- To address common challenges in physician employment, particularly compensation.
Main Methods:
- Review of best practices in physician recruitment and onboarding.
- Analysis of prevalent physician compensation models.
Main Results:
- Successful management starts with strategic hiring and structured onboarding.
- Mentorship programs are vital for physician adjustment and integration.
- Market-based salaries with performance bonuses are a common compensation approach.
Conclusions:
- Proactive management strategies, including effective hiring, mentorship, and compensation, are essential for physician executives.
- Addressing compensation challenges is critical for retaining employed physicians.