Creation and implementation of an effective physician compensation methodology for a nonprofit medical foundation.
The foundation has determined that the adjusted gross billing methodology is a viable method to be considered for a nonprofit medical foundation in compensating physicians. The foundation continues to experiment with the margin formula and is exploring other potential formulas, but believes with certain modifications the percentage of adjusted gross billing methodology can be effective and useful because of its simplicity, ease of administration, and motivational effect on the physicians. The primary improvement to the model needed would be the ability to adjust the formula on a frequent basis for individual practice variations. Modifications will continue to be made as circumstances change, but the basic principles will remain constant.
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Adventist Health California Medical Foundation, Deer Park, USA.
D000066:Accounting; D002140:California; D003659:Decision Making, Organizational; D005582:Foundations / Q000191:economics* / Q000458:organization & administration; D018578:Hospital-Physician Relations; D006801:Humans; D007182:Income; D009096:Multi-Institutional Systems / Q000191:economics; D019982:Organizational Case Studies; D010820:Physicians / Q000191:economics*; D020443:Practice Valuation and Purchase; D011907:Rate Setting and Review / Q000379:methods*; D012456:Salaries and Fringe Benefits