The New England Journal of Medicine has published an article on the changes ahead for physician compensation models. There have been many recent changes in healthcare, most notably healthcare reform and Medicare reimbursement changes. Also the implementation of EMR systems and new hospital employed opportunities will soon effect how physicians are compensated on a larger scale.
Most of these changes will take place in the coming years and won't dramatically impact physicians today or this year. However new models are being established to determine physician compensation.
Currently quality based compensation and volume based bonus/ incentive are used to determine some of how physicians are paid in hospital employment models. These trends will likely continue and even expand. Hospitals are becoming more creative to attract and maintain physicians; in a new environment it is important to understand and evaluate the practice employment options.
NEJM has noted it’s important to understand the models’ differences, upsides, and downsides, especially in this still volatile economic environment.
Read the full article in NEJM, or click here:
http://www.nejmjobs.org/career-resources/physician-compensation-models-big-changes-ahead.aspx
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