Why Change?
There is an adage that describes three physician compensation plans – “the plan you were on, the plan you are on, and the plan you will be on.” The point is that physician compensation is always under pressure due to constant changes in organizational dynamics and environmental conditions. While many physicians and organizations resist changing compensation plans, the need to do so often becomes inevitable for a variety of reasons.
Today the expected shift from volume to value in reimbursement is driving many organizations to evaluate and reset their compensation programs. However, there are many reasons that can propel change, including, but not limited to…