Physician compensation: rewarding productivity of the knowledge worker.
Designing a physician incentive compensation plan that aligns the demands of managed care with the perceived fairness of income distribution is a key challenge for medical practices today. Rather than focus on traditional productivity measures, managed care requires physicians to demonstrate efficient practice of medicine. Physicians still need to be highly productive; however, they are now required to demonstrate efficiency related to clinical resource management, patient access and service, and evidence-based outcomes. Approaches to the development of physician incentive compensation plans and case examples are offered to assist practices that are transitioning physician compensation from volume-based to efficiency-based indicators.
Walker
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DL
Peter F. Drucker Graduate School of Management, Claremont Graduate University, California, USA.
D004526:Efficiency; D006123:Group Practice / Q000191:economics / Q000458:organization & administration*; D008329:Managed Care Programs / Q000191:economics / Q000458:organization & administration*; D017059:Models, Econometric; D019982:Organizational Case Studies; D010816:Physician Incentive Plans / Q000191:economics*; D011785:Quality Assurance, Health Care; D015895:Relative Value Scales; D012456:Salaries and Fringe Benefits; D014481:United States