During a recent panel discussion, healthcare professionals gathered to discuss the mix of employed, independent, and contracted physicians at their respective organizations. While there is no ideal mix, it was noted that there has been an increasing trend towards employment for physicians.
Factors Affecting Physician Strategies
Panelists highlighted a variety of factors that are currently affecting physician strategies, including economic pressure, rising costs, and the need for lower-cost care. Additionally, there is a mismatch between a physician's performance and what they can gain for professional charges. Bridging this gap is essential to ensure physician financial literacy.
Moving to Value-Based Care
As the healthcare industry moves from RVU-based contracts to value-based care, it is important to focus on aligning incentives for payers, physicians, and medical groups. Providing data on cost and outcomes can help physicians make informed decisions, while small incentives can motivate them to do the right thing. By offering stipends or RVU adjustments, organizations can compensate for having residents in their practice and address physician compensation concerns.
Attracting the Next Generation of Physicians
Organizations can attract the next generation of physicians by being flexible, emphasizing their stability, and highlighting the value of their benefits packages. Additionally, they should understand that physicians want to feel heard and have ownership in their practice and lives, and use their talents accordingly.
Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to events@beckershealthcare.com
This panel was live on 04/04/2023 at the event listed here.
If you are interested in event like this, you can visit our Upcoming Conferences.