Productivity Incentives for Direct Employment Compensation Models
Webcast on CD or On-Demand
Presented on December 8, 2010
Sponsored by HealthLeaders Magazine
Make Your Compensation Model Work for You
Your direct compensation model is a key tool to help with physician productivity, but it's not a static model—are you familiar with current trends? Do you know how you'll adapt your compensation model for coming changes, including ACOs and bundled payments? Moreover, how will you communicate the changes to your physicians?
Join HealthLeaders Media for this 60-minute Webcast, including Q&A, and learn from leading experts about direct employment models and physician compensation, including insights from the York Hospital CFO. You'll get real-world understanding of the pitfalls and challenges with compensation models, from design to ongoing maintenance, as well as how to use your model to improve your physician-organization alignment.
After this Webcast, you will have strategies to develop:
- A productivity-based, direct compensation model
- The structure and focus of your non-productivity incentives
- An understanding of the lifecycle of a compensation plan, including ongoing adjustments
- Solutions to the administrative issues of compensation plans
- General structure of a work RVU-based model—When and why to choose this for your facility?
- Productivity boosters
- wRVU model design
- Maintenance of your model
- Using quality and patient satisfaction indicators
- Physician incentives for accurate coding
- Other incentives
- Productivity boosters
- Key challenges and pitfalls of aligning the model with your financial performance
- Restructuring a plan to a wRVU-based model
- Physician and organization alignment
- Administrative challenges
- Adapting to market changes and staying responsive to industry trends
- Bundled payments
- Live Q&A
Justin Chamblee, MAcc, CPA, Manager, Coker Group, Dallas, TX
Chamblee works with clients in a variety of strategic and financial areas, mainly dealing with physician compensation and hospital-physician transactions. This includes the development and redesign of physician compensation plans for both private practices and hospital-employed settings, as well as providing guidance to hospitals, physicians, and legal counsel as to the appropriateness of transactions between a hospital and a physician. Prior to joining Coker Group, he worked as a senior associate for PricewaterhouseCoopers in their audit practice. Chamblee is a skilled public speaker and has been a contributing author to several publications with HealthLeaders Media.
Robin LaBonte, CPA, CFO, York Hospital, York, ME
LaBonte is responsible for financial and information technology services at York Hospital, York, ME, an 80-bed facility with $300 million in charges and 16 physician practices with 62 providers covering 11 specialties. LaBonte has a public accounting background with nine years of experience with healthcare clients, including as a senior manager. She has been a strategic and contractual leader with physician practices at York Hospital for the past three years.
WHO SHOULD ATTEND
Chief financial officers, chief operating officers, chief executive officers, VPs of practice management/operations, financial directors, practice administrators and managers, physician network and executive administrators, directors of physician relations, medical staff directors
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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