Physician Employment & Alignment Strategies Presented By: Renae Thomas, FACHE.

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Physician Employment & Alignment Strategies Presented By: Renae Thomas, FACHE

Transcript of Physician Employment & Alignment Strategies Presented By: Renae Thomas, FACHE.

Page 1: Physician Employment & Alignment Strategies Presented By: Renae Thomas, FACHE.

Physician Employment & Alignment Strategies

Presented By: Renae Thomas, FACHE

Page 2: Physician Employment & Alignment Strategies Presented By: Renae Thomas, FACHE.

Identify Key Players

Building the Employment Model

Look at Alternative Alignment Strategies

Purpose and Objectives

Page 3: Physician Employment & Alignment Strategies Presented By: Renae Thomas, FACHE.

Board of Directors

Hospital

Leadership

Medical

Staff

Identify Key Players

Page 4: Physician Employment & Alignment Strategies Presented By: Renae Thomas, FACHE.

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?

Page 5: Physician Employment & Alignment Strategies Presented By: Renae Thomas, FACHE.

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?

Page 6: Physician Employment & Alignment Strategies Presented By: Renae Thomas, FACHE.

Base Compensation Model with Productivity Incentives

Non Compete Clause Quality incentive

Tiered matrix Benefit Package

Malpractice Insurance Group Health Insurance Retirement Plan

Employment Model

Page 7: Physician Employment & Alignment Strategies Presented By: Renae Thomas, FACHE.

Joint ventures Provider based clinics

42 CFR 413.65 RHCs

Alternative Alignment Strategies

Page 8: Physician Employment & Alignment Strategies Presented By: Renae Thomas, FACHE.

“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.

Page 9: Physician Employment & Alignment Strategies Presented By: Renae Thomas, FACHE.

Renae [email protected](903) 243-0725

Contact Information