Risk-Based Physician Compensation: A Better Way to Measure Success
Organizations have evolved to accept a growing number of value-based and global-risk contracts. Across the industry, building compensation models to incentivize physicians is challenging. Further, benchmarks to evaluate physician compensation under risk-based models are lacking, making it difficult to obtain a fair market value opinion. A value-based model asks physicians to behave differently, so we should measure performance differently. Most medical groups are inexperienced with this type of arrangement, or they lack the right tools and benchmarks. Set aside your $/WRVU models and benchmark percentiles as we guide you through the journey from volume to value
Lessons Status
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- Understanding the development success factors for risk-based agreements.
- Differentiating the issues associated with FFS models from risk-based models.
- Delineating a framework for evaluating the commercial reasonableness of value-based models.
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