Transitioning to value-based physician compensation
As organizations look for ways to adapt to new payment and care delivery models, aligning physician compensation in a way that supports these efforts remains a challenge.
In a recent issue of Healthcare Financial Management Association’s hfm magazine, Mayo Clinic Health System (MCHS) shares the initial results of its journey to effectively engage and align providers while meeting the organization’s strategic goals to achieve integrated, value-based patient care.
With the implementation of innovative new provider performance management technology, developed in cooperation with SullivanCotter, MCHS now uses a centralized, automated system for managing and reporting provider data. Through transparent online performance and compensation analytics, the organization has been able to demonstrate how even small incentives for quality outcomes can reinforce changes aimed at better care delivery.
Co-authored by SullivanCotter’s Dr. Jeffrey Weisz, Managing Principal and Consulting Physician