Learn the Incentives in Physician Compensation
BY ERIC BRICKER MD
RAND and Harvard University Researchers Recently Published a Study in the Journal of the American Medical Association Examining How Doctors are Paid by Hospital System-Owned Practices. The Study Found that only 9% of Primary Care Physician Compensation was Based on Value (Quality and Cost-Effectiveness) and only 5.3% of Specialist Compensation was Based on Value.
The Study Concluded: “The results of this cross-sectional study suggest that PCPs and specialists despite receiving value-based reimbursement incentives from payers, the compensation of health system PCPs and specialists was dominated by volume-based incentives designed to maximize health systems revenue.”
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RELATED: https://medicalexecutivepost.com/2008/09/12/how-doctors-get-paid/
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BUSINESS MEDICINE: https://www.amazon.com/Business-Medical-Practice-Transformational-Doctors/dp/0826105750/ref=sr_1_9?ie=UTF8&qid=1448163039&sr=8-9&keywords=david+marcinko
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Filed under: Career Development, Experts Invited, Health Insurance, Managed Care, Op-Editorials, Practice Management, Quality Initiatives, Recommended Books, Research & Development | Tagged: Accountable Care Organization, ACOs, AMA, American Medical Associaion, CPT codes, doctor compensation, doctors pay, Eric Bricker MD, Harvard, physician compensation, Rand, RVUs, value based care, VBA |
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