The $10,000 Question: Tackling the Complexities of Value-Based Physician Compensation
New revenue models for health systems call for new compensation models for physicians—models that provide incentives for quality as well as productivity. This presentation will discuss the design of value-based compensation models to minimize the pain of potential risks (disgruntled physicians, physicians who “take a hit,” lower productivity) while maximizing results.
This session will cover:
- The basic concepts in designing value-based compensation models
- How much of an incentive is enough
- How quality and cost-effectiveness should be measured
- Simulating compensation
- Phasing in the plan