From Volume to Value: Helping Physicians Understand New Compensation Strategies

Abstract

Physician compensation is going through a fundemental transition based on changing healthcare economics, employer desires to better control outcomes of cost and quality, and third parties (insurers and benefits administrators) as well as consumer expectations. The “outcome” focus is profound and shifts risk from employers and third paries to hospitals and physicians. Redesigning of physician compensation requires significant care to ensure the proper behaviors are rewarded and physicians aligned with the desired outcomes.