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New compensation model improves physician productivity.

A Davis1, C T Hardy

  • 1Physician Business Systems, Independence, OH, USA.

Healthcare Financial Management : Journal of the Healthcare Financial Management Association
|November 11, 1999
PubMed
Summary
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Meridia Health System revised its physician compensation plan to boost productivity and reduce financial losses. The new model bases pay on a collection rate percentage of gross billings, improving care quality and efficiency.

Area of Science:

  • Healthcare Management
  • Physician Compensation Models
  • Integrated Delivery Systems

Background:

  • Meridia Health System aimed to build an integrated delivery system by acquiring primary care physician practices in the mid-1990s.
  • The initial physician compensation structure led to decreased productivity and significant financial losses for the health system.

Purpose of the Study:

  • To address declining physician productivity and financial losses within Meridia Health System.
  • To develop and implement a revised physician compensation plan.

Main Methods:

  • A task force, including physicians, was formed to create a new compensation strategy.
  • The new plan bases physician pay on a collection rate percentage applied to gross fee-for-service billings.

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Main Results:

  • The revised compensation plan is showing positive impacts on both the health system and its physicians.
  • Improvements in high-quality care, physician productivity, and operational efficiency are being observed.

Conclusions:

  • The new physician compensation model, based on fee-for-service billings, is a viable strategy for improving healthcare system performance.
  • Collaborative development of compensation plans involving physicians can lead to mutually beneficial outcomes.