Provider Compensation Strategies: The Financial Gap that Hospitals Must Address

Tune in as Scott Becker talks with guest Gail Peace, Founder & CEO of Ludi, Inc. This episode centers around how cutting-edge health systems are garnering and using data on the physician network to reduce costs, improve physician satisfaction and drive more informed business decisions. This episode is sponsored by Ludi, Inc.

Summary

How Cutting-Edge Health Systems Use Data to Reduce Costs and Improve Physician Satisfaction

Tune in with Scott Becker and Gail Peace on the Future of Health Systems

Episode sponsored by Ludi, Inc.

Reducing Costs and Improving Physician Satisfaction

Join Scott Becker as he interviews Gail Peace, the Founder & CEO of Ludi, Inc., on how cutting-edge health systems are effectively utilizing data on the physician network to reduce costs, enhance physician satisfaction, and drive informed business decisions. Gail highlights the challenges faced by health systems in recruiting and retaining doctors due to the increase in physician shortages caused by Covid. She also emphasizes the complex nature of provider compensation strategies, which require a different approach than traditional employment contracts.

Starting Small with Software Solutions

Gail Peace emphasizes the importance of starting small when selecting software solutions for physician payment systems. She advises health systems to outline their software goals and test out different vendors. By bringing the toughest use cases to sales cycles, health system executives can ensure that potential vendors can handle their specific needs. Gail also encourages decision-makers to act swiftly and not be afraid of making mistakes in the process.

The Meaning of Ludi and Its Relation to Physician Payment Systems

Gail Peace discusses the origin of the name "Ludi," which is Latin for "for the entertainment of the people." She explains how this meaning ties into physician payment systems, signifying the importance of ensuring that these systems are efficient, effective, and ultimately beneficial to all stakeholders involved.

 

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 podcasts@beckershealthcare.com

 

This episode aired on 06/23/2023 and can be listened here.

 

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