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Published on: February 16, 2011
Implementing value-based physician compensation: advice from early adopters
Abstract:
Provider organizations that have experience in implementing value-based physician compensation can recommend the following best practices, among others: Clearly link changes in physician compensation to the broader strategic and financial objectives of the organization. Focus financial incentives on evidence-based measures that physicians find credible and achievable. Make sure everyone understands the incentive measures and compensation formulas before implementing changes. Provide complete data transparency for all aspects of performance.
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