"Halley Consulting's process for developing a new physician compensation model was a true collaboration between hospital administrators and the employed physicians themselves. It was an unusual and exciting approach that aligned the system's strategic goals with the compensation model."
Ron Hill

Hospital Vice President
West Tennessee Healthcare
Jackson, Tennessee

 

Where will you find an employment model that provides fair market compensation to physicians while motivating high productivity and organizational viability?

Halley Consulting Group's Physician Compensation Model closes the traditional gap between employed physician behavior and financial rewards/consequences.  Relative Value Units (RVUs) are the key productivity indicator at the heart of this compensation methodology.  The model design:

  • Provides a competitive level of income for physicians in order to attract and retain the "best of the best"

  • Allows personal productivity incentives paid monthly so employed doctors can influence their income just like their private practice peers

  • Promotes organizational viability

  • Offers the flexibility to evolve with industry trends

Crucial to our participative implementation process is the initial formation of a Compensation Committee with key physician leadership and hospital management.

The Compensation Committee:

  • Develops the basic tenets of the plan

  • Engages the hospital's legal counsel

  • Compares current compensation structures with internal and external benchmarks

  • Populates our Compensation Model with physician data

  • Develops a transition strategy from the prior model

  • Develops and implements a communication strategy to educate other physicians on the model

While this process requires a front-end commitment in time from physician leadership, it always yields a stronger sense of partnership between physicians and hospital administration.

 

To learn more about our Physician Compensation models contact
hcg-info1@halleyconsulting.com

 

 
 

PO Box 118  Westerville, Ohio 43086

614-899-7325 Phone  614-543-7325 Fax

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