Physician Employment & Alignment Strategies Presented By: Renae Thomas, FACHE.
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Transcript of Physician Employment & Alignment Strategies Presented By: Renae Thomas, FACHE.
Physician Employment & Alignment Strategies
Presented By: Renae Thomas, FACHE
Identify Key Players
Building the Employment Model
Look at Alternative Alignment Strategies
Purpose and Objectives
Board of Directors
Hospital
Leadership
Medical
Staff
Identify Key Players
Healthleaders Media in collaboration with Medsynergies conducts a survey of hospital executives. Respondents anticipate an increase in their employed
physician base within the next 36 months 2012 – 70% 2013 – 87%
73% say buy-in to quality & safety initiatives are among their top 3 objectives behind physician alignment strategies (2013)
42% of respondents reported difficulty in physician engagement (2013)
Where does your organization stand on employment?
Hospitals Maintain market share / stable income Bundled Payments
Physicians Financial Pressures
Critical shift from fee for service to pay for performance
More leverage in contract negotiations on both purchase and reimbursement
Lifestyle preference
What’s driving the employment trend?
Base Compensation Model with Productivity Incentives
Non Compete Clause Quality incentive
Tiered matrix Benefit Package
Malpractice Insurance Group Health Insurance Retirement Plan
Employment Model
Joint ventures Provider based clinics
42 CFR 413.65 RHCs
Alternative Alignment Strategies
“You can't build a reputation on what you're
going to do.” Henry Ford
We need to create a common ground with our physicians by creating a
unity of purpose.