Tuesday, November 1, 2011

Quality Incentives Become Bigger Factor in Physician Compensation

With the increase of employed physicians and hospital employed positions, hospitals are increasing their flexibility to offer multiple types of incentives in addition to salaries.

According to a recent study from the Hay Group, "2011 Physician Compensation Survey," 64% of health care organizations offer an annual incentive plan to physicians. Incentives in addition to salary vary in their scope and are sometimes specialty specific but are generally based on either volume based incentives or quality based bonuses.

Quality and patient satisfaction, which public and private insurers are pushing as an incentive over productivity, were key factors in determining incentive pay.

Read the full article in American Medical News, or click here:
http://www.ama-assn.org/amednews/2011/10/24/bisf1027.htm

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