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Medicine and money: an approach to compensating university physicians
1Division Chief of Pediatric Neurology, University of Florida, College of Medicine, USA.
The Journal of the Florida Medical Association
|December 24, 1997
Abstract:
Academic medical centers have been restructuring faculty compensation plans because decreasing clinical revenues have created budgetary problems. We propose an overall compensation strategy designed to reward high performance of university physicians. The approach incorporates Management by Objectives to improve communication of expectations within the organization and provide college of medicine leadership with much needed mechanisms to align faculty compensation with productivity.