Developing an income distribution methodology for cardiovascular physician groups and networks.
Developing an income-distribution model that rewards physicians equitably and fairly for cost-effective patient care services provided, practice building efforts, and complying with practice guidelines and standards is an important step which all practices must take to align the payment-mechanism incentives with the physician income-distribution methodology. Recalibrating the compensation arrangement to the market requires open dialogue, the identification of shared values and convictions, and the development of compensation components that align compensation and payment incentives. Through the aligning of incentives, networks and group practices will be better positioned for changes in the market. As changes occur, compensation arrangements may have to be adjusted to ensure that payment-arrangement incentives are being rewarded and to ensure the network's or group's long-term profitability and viability.
Beveridge
R N
RN
Richard Beveridge & Associates, Salt Lake City, UT, USA.
D000465:Algorithms; D002204:Capitation Fee; D002309:Cardiology / Q000191:economics*; D019058:Community Networks / Q000191:economics*; D004465:Economic Competition; D006123:Group Practice / Q000191:economics*; D007182:Income / Q000706:statistics & numerical data*; D017059:Models, Econometric; D010816:Physician Incentive Plans / Q000706:statistics & numerical data; D012052:Reimbursement, Incentive; D014481:United States; D014600:Utilization Review