5 Factors Used in Physician Production-Based Compensation Plans

Work relative value units continue to be the most common measure when medical groups create production-based compensation plans for physicians, according to the American Medical Group Association‘s 2012 medical group compensation and financial survey.

Advertisement

The AMGA defined a production-based plan as a plan where at least half of the medical group’s compensation is distributed based on some type of work or financial contribution. The group surveyed 138 physician organizations on these types of plans.

Here are the top five factors for production-based compensation plans, according to the AMGA survey.

•    Work RVUs: 70 percent
•    Net production: 29 percent
•    Cost accounting: 14 percent
•    Gross production: 4 percent
•    Total RVUs: 1 percent

More Articles on Physician Compensation:

Oregon Health Plan to Boost Primary Care Compensation
6 Statistics on Hospital Ophthalmologist Compensation
11 Latest Hospital Executive, Physician Compensation Stories

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.

Register to Attend Webinar

From fragmentation to operational flow: Solving the healthcare workforce puzzle

Tuesday, August 11
1:00 PM - 2:00 PM CDT

Presenters: Dr. Pat Hunt, QGendaAndrea Daugherty, MHA, CISSP, CHCIO, CDH-E, Arrowhead Regional Medical CenterElizabeth Lindsay-Wood, MBA, CHCIO, CDH-E, Moffitt Cancer CenterDeb Muro, El Camino HealthJohn Tejeda, D.H.A., MLS, MPAS, DFAAPA, LSSBB, FACHE, Vascular and Neuroscience Institute

Advertisement

Next Up in Compensation Issues

Advertisement

Comments are closed.