The emerging components include:
• Outreach. Cardiologists can be compensated on a separate model or through relative value unit credit.
• Financial performance. If the practice has strong financials, cardiologists are increasingly seeing extra pay through RVU rates or other “legally compliant performance incentives,” according to the article.
• Guarantees. Because cardiology is such a competitive field for hospitals, many are offering guarantees, such as signing bonuses and student loan forgiveness.
• Advanced practitioner supervision. If a cardiologist supervises an advanced practitioner, such as a nurse practitioner, they may receive fair market value payments.
More Articles on Physician Compensation:
Which States Will Boost Medicaid Physician Pay the Most in 2013?
Market Data Remains Top Driver for Physician Salaries
3 Centerpieces in Hospital-Owned Physician Group Compensation Plans
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
