Proven Compensation Strategies for Part-Time Physicians

Webcast on CD or On-Demand

Presented on October 27, 2010

Sponsored by HealthLeaders Magazine

Part-time employment options are essential for physician retention, recruitment, and alignment. Practice leaders must carefully create part-time compensation plans that support organizational goals, as well as keep physicians satisfied without reducing productivity and hurting the bottom line. Join HealthLeaders Media for this 60-minute webcast, including Q&A, to learn from leading experts about proven compensation models.

After this webcast, you will be able to:

• Recognize and respond to the growing demand for part-time employment options
• Develop successful part-time compensation models
• Craft a compensation strategy to ensure part-time physician alignment
• Understand the regulatory/liability issues underlying part-time physician compensation

PROGRAM AGENDA

1. The growing importance of part-time compensation
   1. Increasing demand for part-time physicians
   2. Fulfills need for primary care/specialty physicians
   3. Incorporating part-time physician with full-time staff
   4. Age and gender issues
   5. Impact on patient care
2. Compensation for part-time physicians
   1. Personal Service arrangements
   2. Various contract forms/flat rates, other approaches
   3. Part-time opportunities for physicians
   4. Dealing with "schedule creep"—when part-time becomes inadvertently full-time because of the work
   5. Privileges/social contract
   6. Non-traditional clinical practice
   7. Hiring foreign physicians
3. Models that encourage alignment with physicians and hospitals
   1. Alignment of incentives for hospital and physicians
      1. On-call payment for physicians
      2. Medical directorships—case study: Orange Coast Memorial Medical Center
      3. Co-management in surgical services—case study: Piedmont Heart Institute
      4. Various models—clinical and non-clinical functions
   2. Retention strategies
4. Regulatory/liability issues
   1. Reimbursement for medical equipment
   2. Fair market value payments
5. Live Q&A

SPEAKERS

Michele M. Molden, FACHE, President and Chief Executive Officer, Piedmont Heart Institute Molden has been responsible for development of the institute’s financially and strategically integrated partners, which includes one of the largest-employed cardiovascular groups in the country. Before joining Piedmont, Molden served as senior vice president for outreach services in Olympic Health Management, Bellingham, WA.

Steven M. Schiff, MD, FACC, Service Chief of Cardiology and Director of the Cardiac Catheterization Laboratory, Orange Coast Memorial Medical Center, Fountain Valley, CA Schiff is also associated with the Fountain Valley Regional Hospital, Fountain Valley, CA; the Hoag Memorial Hospital Presbyterian, Newport Beach, CA; and Long Beach Memorial Hospital Medical Center, Long Beach, CA. Schiff has been performing coronary and peripheral arterial angioplasty and stenting for more than 20 years.

WHO SHOULD ATTEND

Chief financial officers, chief operating officers, chief executive officers, chief medical officers, executive directors, physician leaders, practice administrators and managers, physician network and executive administrators, director of physician relations, medical directors, medical staff directors, physicians, office managers

WEBCAST SYSTEM REQUIREMENTS

To fully benefit from the Webcast experience, you will need a computer equipped with a Broadband Internet connection, a sound card, and speakers or headphones. Macromedia Flash player Version 8.0 or greater, a recommended screen resolution of 1024 x 768, and an Internet Browser (e.g. Internet Explorer). The use of AOL or wireless Internet connections is not recommended.

New Purchase Option––WEBCAST ON-DEMAND

In addition to the regular CD purchase option for HealthLeaders Media Webcasts, we are pleased to offer a new option: Webcast on-demand. When you purchase a Webcast on-demand you will be able to view the program anywhere and anytime by logging into your account on www.HealthLeadersMedia.com. It's also a perfect training tool for new staff or a refresher for veteran staff.

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