Developing physician pay arrangements: the cash and care equation.
Developing physician compensation packages that help a healthcare organization meet its business objectives while satisfying physician pay expectations requires new ways of linking pay to physician performance. Such compensation arrangements specifically should include pay tied to defined performance standards, compensation linked to group performance, performance incentives based on realistic, achievable goals, work performance measured by common criteria, and similar pay ensured for similar work. Final pay arrangements also should include items that are sometimes overlooked, such as fully delineated job responsibilities, performance measures aligned correctly with performance areas, and the value of benefits considered in the cash compensation levels.
Levitch
J H
JH
Towers Perrin, Charlotte, NC, USA.
D004650:Employee Performance Appraisal / Q000191:economics*; D005377:Financial Management, Hospital / Q000379:methods*; D007587:Job Description; D009937:Organizational Objectives; D010816:Physician Incentive Plans / Q000191:economics*; D010934:Planning Techniques; D012456:Salaries and Fringe Benefits; D014481:United States