Proven Compensation Strategies for Part-time Physicians
AUDIOCONFERENCE ON CD OR AUDIO ON-DEMAND
Sponsored by Physician Compensation & Recruitment
presented on April 9, 2008
Plan for part-timers now
Offering part-time options is essential to retaining and recruiting today’s physicians. Most facilities already have physicians working part-time or reduced call, and shifting physician demographics will make part-time work arrangements even more common in the near future. Practice leaders must carefully craft part-time compensation plans that keep physicians happy without reducing productivity and hurting the bottom line.
According to the 2006 Physician Retention Survey conducted by Cejka and AMGA, 90% of responding practices said they employ at least one part-time physician and other groups responding to the survey said part-time/flexible work options were rated as the second most effective retention strategy.
Listen to HealthLeaders Media for this 60-minute audioconference and discover how to strike the right balance in your part-time physician compensation plans. Hear from leading experts on proven compensation models as well as ways to use a part-time compensation arrangement as a recruitment and retention strategy.
- Learn why more physicians are requesting part-time work options
- Understand the importance of evaluating the hiring decision for part-time physicians
- Assess your practice’s readiness for part-time physicians
- Develop a successful part-time compensation model
- Use a part-time compensation plan as a recruitment and retention tactic
- The growing importance of part-time compensation
- Large scale transitions into retirement
- Projected physician shortage
- Growing importance of work-life balance (generational, gender demographics)
- Strategies to assess group readiness
- Defining part-time and full-time physicians
- Developing part-time compensation options
- Developing reduced-call options
- Implementing a part-time compensation plan -- Duluth Clinic Case Study
- Incorporating part-time options into contracts
- Examples of successful physician transitions
- Q and A
Jon-David Deeson, FACHE, MSHA, MBA, is a Senior Manager at Pershing Yoakley & Associates (PYA), a healthcare consulting firm with offices in Tennessee, Georgia, and Florida. He is a Fellow and Certified Healthcare Executive (CHE) through the American College of Healthcare Executives (ACHE) and has led a variety of consulting projects with physician groups and hospitals on financial, strategic and operational business matters regarding physician practices and medical staff issues. His primary areas of focus at PYA have been physician compensation, physician hospital economic alignment and financial turnaround projects. Mr. Deeson has been with PYA for over 11 years. Prior to PYA, he worked as a Regional Practice Administrator for a large integrated healthcare system managing several of their hospital-owned physician practices.
Laura Boehlke Bray, MD, serves as the physician leader of the Duluth Clinic-Spooner, a community clinic located in northwestern Wisconsin. Dr. Boehlke Bray is a board member for both SMDC and the Duluth Clinic. She is also active on several committees involving strategic planning, physician leadership, and new business initiatives for the health system. In addition to her leadership activities, Dr. Boehlke Bray works part-time as a family practice physician, seeing patients in both the clinic and hospital setting. Dr. Boehlke Bray received her medical degree from Vanderbilt University and completed her residency at the University of Minnesota-Duluth Family Practice Program. She plans to graduate from the Physician Leadership College at St. Thomas University in Minneapolis, Minn., in May 2008.
WHO SHOULD ATTEND
Physician leaders, physicians, office managers, practice administrators, practice managers, CFOs, CEOs, COOs, director of physician relations, medical directors, medical staff directors.
AUDIO ON-DEMAND PURCHASE OPTION
In addition to the regular purchase options for HealthLeaders Media audioconferences, we are pleased to offer audio on-demand. Audio on-demand allows you to download the program and play it back at your convenience through your computer or MP3 player. Purchase a CD or audio on-demand of the program and listen when you can. It's also a perfect training tool for new staff or as a refresher for veteran staff.
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