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Evaluating a Practice- Launch Your Career® for Residents and Fellows

Base salary/base pay is often derived from what factors?

Base pay is derived from factors such as market data or internal comparison for a defined period. This model may or may not incorporate merit into the base calculation.
Read more…

Give one example of how productivity incentives can backfire?

Experts warn, however, that productivity incentives can backfire. Hamot Health Foundation, a hospital network in Erie, Pa., that employs 30 primary care physicians, guarantees a base salary of about $100,000 for a workweek of less than 28 hours.
Read more…

How much is a physician permitted to receive in gifts, items, services, etc, per year, and what are the conditions attached to those non-monetary compensations?

Phase I of the final regulations creates a “non-monetary compensation up to $300” exception to Stark II.
Read more…

How often should practice-based charges be processed?

24-48 hours.

How would you use marketing to introduce yourself to the medical community?

Announcements, an open house, yellow page ads, dinner with key physician leaders, and/or a marketing piece profiling the physician, the physician’s specialty, education/training, family, etc.

I understand technical revenues generated by an office practice contribute more significantly to the overall practice expenses than does professional revenue, but how are those fees generated?

Laboratory, x-rays, MRIs, chemotherapy, procedures, etc.

Most compensation plans use a variation on one of three basic models. One model is called “equal-share”. List two other models and explain how they are used to determine compensation.

Most plans use a variation on one of three basic models: pure salary arrangements that base wages on industry data; equal-share arrangements in which physicians split evenly what remains after expenses;
Read more…

Nonpayment of an expected reimbursement is call what?

Bad Debt

On average, physician work RVUs make up 55% of the total RVUs of a service, with work being composed of what elements?

Physician work represents the effort of the physician in providing professional service. On average, physician work RVUs make up 55% of the total RVUs of a service.
Read more…

Organizations continue to set fee schedules in a manner that optimizes revenue, but what are the risks and why?

Fee schedules are great tools for generating revenue, but increasingly difficult compensation work-effort measures.
Read more…

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  • Executive
    Search


    • Our Process
    • Child Health Practice
    • Adult Health Practice
    • Our Results
      • Chiefs, Chairs & C-Suite Results
      • Subspecialty Results
    • Testimonials


  • Leadership
    Development


    • Core Leadership Competencies
      • Business of Medicine
      • Healthy Cultures
      • Clinical Excellence
      • Diversity
      • Education
      • Leadership
      • Advocacy & Mentorship
      • Philanthropy
      • Recruitment & Retention
      • Research
    • Launch Your Career® for Trainees
    • Search-based Reviews
    • New Leader Engagement Program
    • Department & Division Strategy
    • Succession Planning


  • Pediatric
    Insight


    • Insight Conversations
    • Insight Webinars
    • Insight Articles


  • Child Health
    Advisory Council


    • Child Health Advisory Council
    • Council Leadership
      • Bruder Stapleton, MD
      • Christine Gleason, MD
      • Craig Hillemeier, MD
      • Renée Jenkins, MD
      • Danielle Laraque-Arena, MD
      • Valerie Opipari, MD
      • Bruce Rubin, MD
      • Robert S. Sawin, MD
      • Arnold Strauss, MD


  • Our
    Company


    • About Us
    • Our Team
    • News
    • Testimonials