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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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Welcome to E-Learning

E-Learning is a collection of critical content from subject matter experts designed to enhance the return on your educational investment. With the reduction in training program hours and the increased complexity in the business of medicine, 99% of residents, fellows and young physicians report being unprepared to effectively manage the challenges of starting a career in medicine.

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    • Executive
      Search


      • Gold Standard Process Strategy
      • DE&I Leadership
      • Search Practices
        • Child Health Practice
        • Adult Medicine Practice
      • Unmatched Results
        • DE&I Results
        • Chiefs, Chairs & C-Suite Results
        • Subspecialty Results
      • Testimonials
      • Our Team


    • Leadership
      Development


      • 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
        • Robert S. Sawin, MD
        • Arnold Strauss, MD
      • Core Leadership Competencies
      • Pediatric Insight
        • Insight Articles
        • Insight Webinars
        • Insight Conversations
      • Launch Your Career® for Trainees
      • Consulting Services
        • Institutional Reviews
        • Faculty Coaching
        • Succession Planning
        • Department & Division Strategy Planning


    • Institutional
      Reviews




    • Faculty
      Coaching




    • About
      Us


      • Our Team
      • Testimonials