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Most Recent Articles

  • Productivity-Based Physician Compensation

    A recent study by the American Medical Group Association found that over two-thirds of U.S. medical groups use productivity-based systems to determine at lease half of physician compensation. Many practices, especially single-specialty groups, are finding that productivity-based compensation models can be more fair and equitable than other models, such as capitation or fixed-salary models. Healthcare industry consultants also point out that, for ...
  • Physician Compensation Formula Scenarios

    Physician Compensation Formula Scenarios Equal Sharing Some groups base shareholder compensation on an equal sharing methodology. There are some variations, but generally in an equal sharing arrangement, profits are shared equally among shareholders. Of course, this methodology does not reward high producers in the group or hurt low producers. It may work for certain groups, but generally it results in disagreements over time when one or more of ...
  • Creating a Culture of Productivity - A Resident's Perspective

    Team for Life Your goal as a resident is to learn as much as you can in preparation for your future professional practice. However during this time of intense study and training, you should also remember to focus on building strong and potentially lasting friendships with other members of your team. Not too long ago, you were in a classroom setting where the majority of your learning was essentially one-on-one you and the lab, you and the text, ...

Most Recent Terms

  • Training Competencies

    The ACGME requires medical training programs in each specialty to measure a resident’s learning across six core competencies: 1. medical knowledge, 2. patient care, 3. professionalism, 4. interpersonal skills, 5. practice-based learning, 6. systems...
    by admin on 05-05-2009
  • Throughput

    The volume of output generated by a resource in a specific period of time. Often measured as the rate at which a system generates money. In a clinical setting, it is the number of patients seen, treated and billed. http://www.google.com/search?hl=en&lr...
    by admin on 05-05-2009
  • Total Productivity Measure (TPM)

    A measure to include all inputs (e.g., hours of labor, units of capita, quantities of raw materials compared with consequent output) and all outputs in a system. http://www.accel-team.com/productivity/addedValue_01.html
    by admin on 05-05-2009
  • Vision/Mission Statement

    Identifies where the organization intends to be in the future or where it should be to best meet the needs of stakeholders. Incorporates a shared understanding of the nature and purpose of the organization and uses this understanding to move the organization...
    by admin on 05-05-2009
  • Key Performance Indicators (KPI)

    The standards established for performance in the various functional areas of the business. Individual managers and staff will be expected to achieve these standards in their designated job, e.g.: a sales manager would be expected to achieve a sales target...
    by admin on 05-05-2009
  • Productivity

    A ratio of a measure of output to a measure of some or all of the resources used to produce this output. 2) A ratio to measure how well an organization (or individual, industry, country) converts input resources (labor, materials, machines etc.) into...
    by admin on 05-05-2009
  • Cross Training

    To train someone in another activity that is related to his or her current work. The name comes from the fact that you are training them across a broader spectrum of the organization's work. http://management.about.com/cs/peoplemanagement/g/crosstraining...
    by admin on 05-05-2009
  • Ergonomics

    The study of workplace equipment design or how to arrange and design devices, machines, or workspace so that people and things interact safely and most efficiently. Also called human factors analysis or human factors engineering. http://www.google.com...
    by admin on 05-05-2009

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