Promoting physician productivity through a variable compensation system.
Integrated delivery systems must find ways to achieve optimal physician productivity and accountability, while fostering an entrepreneurial attitude among physicians. Lovelace Health Systems, Albuquerque, New Mexico, has implemented a variable compensation system designed for this purpose. An assessment of Lovelace's physician productivity had indicated performance well below national medians. To offer physicians a strong incentive to increase productivity, Lovelace developed a variable compensation system based on the resource-based relative value scale and relative value units. Lovelace also developed benchmark productivity targets.
Hickey
M
M
Healthcare Management Consulting, Albuquerque, NM, USA.
Ichter
J T
JT
D019033:Delivery of Health Care, Integrated / Q000458:organization & administration*; D017598:Efficiency, Organizational; D016520:Entrepreneurship; D008505:Medical Staff, Hospital / Q000145:classification / Q000191:economics*; D009516:New Mexico; D010816:Physician Incentive Plans; D015895:Relative Value Scales; D018582:Sick Leave; D014481:United States