Trends in Cardiologist Compensation and Aligning Pay with Value

Historically the standard currency for measuring physician work has been volume-related metrics such as work RVUs, charges, cash receipts, and encounters. Now, the US healthcare industry and, more importantly, those paying for healthcare are placing greater emphasis on value. In short, value considers clinical quality and outcomes, experience and cost – not just of individuals, but in the future populations. Clearly in any environment, but certainly one focused on all three of these value components, volume alone does not accurately capture provider value. This fact transcends ownership models and is challenging private as well as employed providers alike. For these reasons new definitions of work are being explored along with innovative models that attempt to align compensation with the new value paradigm.

In this session attendees will be lead through the following:

• Trends in Provider Compensation and Production (2013 MedAxiom Provider Compensation Survey)
• Pros and cons of different compensation models, along with how to choose the right one for your group
• Introduction of new ways to measure physician production
• Sample value-based plans and strategies for making the transition from current volume models
• Strategies for negotiating valuable and sustainable physician/hospital partnerships

PRICE:
Session Only: $199 per attendee.
Session PLUS "Provider Compensation & Production Survey" Book: $398 per attendee

SPEAKERS: 
Craig B. Hittle, MBA, Senior Manager, Somerset CPAs
Jeff Ozmon, VP, MedAxiom Consulting
Joel Sauer, VP, MedAxiom Consulting
Michael A. Stover, CPA/ABV, CFF, Principal, Somerset CPAs