Physician Compensation with .ppt Presentation

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Doctor’s Salaries [Trends – Models – Approaches]

By Dr. David E. Marcinko; MBA, CMP™ [Publisher-in-Chief]

By Prof. Hope Rachel Hetico; RN, MHA, CMP™ [Managing Editor]dave-and-hope

Anyone who’s paid a doctor’s bill lately knows that healthcare costs are out of control.

So, it may come as a surprise that the golden era of medicine for physician compensation is over, and that healthcare is the latest industry to tighten its payment belt.  Physician compensation is also a contentious issue in medical group practice, and fodder for public scrutiny.

In fact, few situations produce the same level of emotion as doctors fighting over how a seemingly collegial employment contract should be interpreted. This situation often springs from a failure of both sides to understand mutual compensation terms-of-art when the deal was negotiated.

It is our hope that the attached .ppt file will help you to avoid this contentiously polarizing human and economic polemic.

It begins with the basic principles of student-debt avoidance, the intangible concept of goodwill, and the compensation-versus-value paradoxof medical practice worth. Employer-employee deferred compensation arrangements are also visited as important fringe benefits. Compensation benchmarks for medical and allied healthcare specialties are then presented.

Finally, newer health delivery models such as consumer-directed health plans, cash-based-compensation extenders and concierge medicine, are mentioned. 

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Risk Management, Liability Insurance, and Asset Protection Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical Planners™8Comprehensive Financial Planning Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical Planners™

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Assessment

This physician salary and compensation information is offered to serve as a reference point for further individual investigation.

Please enjoy and comment. 

Editors and Staff

Slide Link: marcinko-hetico-compensaton-chapter.ppt

Conclusion

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6 Responses

  1. How Will You Get Paid?
    By Paul Levy

    Here is the link for an interesting article on P4P and related compensation issues:
    http://www.thehealthcareblog.com/the_health_care_blog/2007/04/how_will_you_ge.html

    Paul Levy is the President and CEO of Beth Israel Deaconess Medical Center in Boston. He became the focus of much media attention when he decided to publish infection rates at his hospital, despite the fact that under Massachusetts law he is not yet required to do so. The recent MRSA clinical and economic dilemma suggests he was prescient.

    Like

  2. Hope,

    Your comment on my blog was approved. I followed this link to your website. I am very intrigued by what you are doing. Care to get on the phone and get to know one another?

    Michael Zhuang
    http://www.investment-fiduciary.com

    Like

  3. I stumbled across this .ppt online about Physician Compensation. On slide 5, you might consider adding the Joint Statistics Report at http://www.nschbc.com/statistics/index.cfm

    Keith C. Borglum; CHBC
    http://www.PracticeMgmt.com

    Like

  4. Thanks for the information. There are quite a few ways to eliminate problems between doctors, salaries and their medical practice management consultants and I think you have illustrated most of them. Thanks for the powerful info.

    Ginny Crandall

    Like

  5. House Votes to Repeal IPAB

    The House of Representatives voted to repeal a provision in the healthcare law that would create the Independent Payment Advisory Board, a 15-member panel with responsibility for controlling Medicare cost growth. The House voted 223-181 in support of the Medicare Decisions Accountability Act of 2012, a bill that would repeal the Patient Protection and Affordable Care Act provision.

    A report issued last week by the Congressional Budget Office found that repealing IPAB would increase spending by $3.1 billion from 2013 to 2022. Critics of IPAB include the American Medical Association, which said in February that it supported the Medicare Decisions Accountability Act and the elimination of the IPAB provision.

    Source: Jaimy Lee, Modern Physician [3/22/12]

    Like

  6. Hope and David,

    Many thanks for this excellent .ppt presentation.

    Jeb

    Like

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